Two Sigma Advisers LP Cuts Holdings in Kilroy Realty Co. (NYSE:KRC)

Two Sigma Advisers LP trimmed its position in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 32.9% during the fourth quarter, according to its most recent disclosure with the Securities and 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.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pictet Asset Management Holding SA raised its holdings in Kilroy Realty by 4.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 38,520 shares of the real estate investment trust's stock valued at $1,558,000 after buying an additional 1,747 shares during the last quarter. US Bancorp DE increased its position in Kilroy Realty by 3.4% in the 4th quarter. US Bancorp DE now owns 9,680 shares of the real estate investment trust's stock valued at $392,000 after acquiring an additional 317 shares during the period. Asset Management One Co. Ltd. raised its stake in shares of Kilroy Realty by 0.6% during the fourth quarter. Asset Management One Co. Ltd. now owns 155,210 shares of the real estate investment trust's stock valued at $6,376,000 after acquiring an additional 956 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Kilroy Realty by 29.3% during the fourth quarter. Blue Trust Inc. now owns 5,350 shares of the real estate investment trust's stock worth $207,000 after purchasing an additional 1,212 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in shares of Kilroy Realty by 2.6% during the fourth quarter. Pacer Advisors Inc. now owns 15,835 shares of the real estate investment trust's stock worth $641,000 after purchasing an additional 402 shares during the period. 94.22% of the stock is currently owned by institutional investors.

Kilroy Realty Trading Up 1.5%

KRC stock traded up $0.49 during mid-day trading on Thursday, reaching $32.88. The company's stock had a trading volume of 617,855 shares, compared to its average volume of 1,488,495. Kilroy Realty Co. has a 12 month low of $27.07 and a 12 month high of $43.78. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82. The business's 50 day moving average price is $31.81 and its 200 day moving average price is $35.80. The company has a market cap of $3.89 billion, a price-to-earnings ratio of 18.57 and a beta of 1.16.

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

Kilroy Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Monday, June 30th will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 6.57%. The ex-dividend date is Monday, June 30th. Kilroy Realty's payout ratio is 128.57%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Wells Fargo & Company decreased their price objective on Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. Royal Bank of Canada decreased their price target 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. Evercore ISI lowered their price objective on Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating for the company in a research report on Wednesday, February 12th. JPMorgan Chase & Co. cut their price objective on Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Finally, KeyCorp decreased their target price on shares of Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating for the company in a research report on Monday, March 31st. One research 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. According to data from MarketBeat, Kilroy Realty has an average rating of "Hold" and an average target price of $38.64.

Insider Buying and Selling

In other news, insider A. Robert Paratte sold 6,000 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $34.74, for a total transaction of $208,440.00. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John Osmond sold 4,000 shares of the company's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $35.16, for a total transaction of $140,640.00. Following the completion of the sale, the executive vice president now owns 12,528 shares in the company, valued at $440,484.48. This represents a 24.20% decrease in their position. The disclosure for this sale can be found here. 1.57% of the stock is owned by company insiders.

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.