Kilroy Realty Co. (NYSE:KRC) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP decreased its stake in Kilroy Realty Co. (NYSE:KRC - Free Report) by 32.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 114,200 shares of the real estate investment trust's stock after selling 55,900 shares during the quarter. Two Sigma Advisers LP owned approximately 0.10% of Kilroy Realty worth $4,619,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Kilroy Realty in the fourth quarter valued at about $366,356,000. Principal Financial Group Inc. grew its position in shares of Kilroy Realty by 4.7% during the fourth quarter. Principal Financial Group Inc. now owns 4,862,310 shares of the real estate investment trust's stock valued at $196,680,000 after purchasing an additional 218,163 shares in the last quarter. Resolution Capital Ltd lifted its position in shares of Kilroy Realty by 12.6% in the fourth quarter. Resolution Capital Ltd now owns 4,487,655 shares of the real estate investment trust's stock worth $181,526,000 after buying an additional 500,635 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Kilroy Realty by 6.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,265,387 shares of the real estate investment trust's stock valued at $132,087,000 after purchasing an additional 193,291 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its position in Kilroy Realty by 29.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,003,920 shares of the real estate investment trust's stock valued at $121,509,000 after purchasing an additional 680,870 shares during the last quarter. Institutional investors own 94.22% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on KRC. Barclays upgraded Kilroy Realty from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $42.00 to $44.00 in a report on Thursday, February 27th. KeyCorp lowered their price objective on shares of Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating for the company in a research note on Monday, March 31st. Royal Bank of Canada decreased their price objective on Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating for the company in a research note on Monday, March 10th. Jefferies Financial Group initiated coverage on shares of Kilroy Realty in a research report on Monday, March 17th. They set a "hold" rating and a $34.00 price target for the company. Finally, Wells Fargo & Company cut their price objective on shares of Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating on the stock in a research report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Kilroy Realty has a consensus rating of "Hold" and a consensus target price of $38.64.

Insider Transactions at Kilroy Realty

In other Kilroy Realty news, insider A. Robert Paratte sold 6,000 shares of Kilroy Realty stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $34.74, for a total transaction of $208,440.00. Following the transaction, the insider now directly owns 86,744 shares of the company's stock, valued at $3,013,486.56. The trade was a 6.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP John Osmond sold 4,000 shares of the business's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $35.16, for a total value of $140,640.00. Following the transaction, the executive vice president now owns 12,528 shares in the company, valued at approximately $440,484.48. This represents a 24.20% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.57% of the company's stock.

Kilroy Realty Stock Performance

KRC stock traded down $0.49 during trading on Friday, hitting $32.40. The company had a trading volume of 221,638 shares, compared to its average volume of 1,235,757. The firm has a 50-day moving average price of $31.77 and a 200-day moving average price of $35.75. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.82. The firm has a market cap of $3.83 billion, a PE ratio of 18.34 and a beta of 1.16. Kilroy Realty Co. has a 1-year low of $27.07 and a 1-year high of $43.78.

Kilroy Realty (NYSE:KRC - Get Free Report) last released its earnings results on Monday, May 5th. The real estate investment trust reported $1.02 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.01). Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. The firm had revenue of $270.84 million during the quarter, compared to analyst estimates of $274.90 million. During the same quarter last year, the business posted $1.11 EPS. The firm's revenue was down 2.8% on a year-over-year basis. On average, analysts expect that Kilroy Realty Co. will post 4 earnings per share for the current year.

Kilroy Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Monday, June 30th will be paid a $0.54 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.16 dividend on an annualized basis and a yield of 6.67%. Kilroy Realty's payout ratio is 128.57%.

Kilroy Realty Company Profile

Kilroy Realty Corporation (NYSE: KRC, the company, Kilroy) is a leading U.S. landlord and developer, with operations in San Diego, Greater Los Angeles, the San Francisco Bay Area, Greater Seattle and Austin. The company has earned global recognition for sustainability, building operations, innovation and design.