Two Sigma Investments LP Cuts Stock Position in Kilroy Realty Co. (NYSE:KRC)

Two Sigma Investments LP cut its holdings in Kilroy Realty Co. (NYSE:KRC - Free Report) by 72.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,371 shares of the real estate investment trust's stock after selling 192,157 shares during the period. Two Sigma Investments LP owned 0.06% of Kilroy Realty worth $2,927,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Summit Securities Group LLC bought a new position in Kilroy Realty in the fourth quarter worth approximately $49,000. Fifth Third Bancorp increased its stake in shares of Kilroy Realty by 31.7% in the fourth quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust's stock worth $102,000 after purchasing an additional 607 shares in the last quarter. FIL Ltd increased its stake in shares of Kilroy Realty by 52.4% in the fourth quarter. FIL Ltd now owns 3,442 shares of the real estate investment trust's stock worth $139,000 after purchasing an additional 1,184 shares in the last quarter. KBC Group NV increased its stake in shares of Kilroy Realty by 54.2% in the fourth quarter. KBC Group NV now owns 4,819 shares of the real estate investment trust's stock worth $195,000 after purchasing an additional 1,694 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its stake in shares of Kilroy Realty by 67.4% in the fourth quarter. Venturi Wealth Management LLC now owns 4,875 shares of the real estate investment trust's stock worth $197,000 after purchasing an additional 1,963 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors.

Kilroy Realty Trading Up 1.4%

KRC traded up $0.46 on Wednesday, reaching $33.63. 1,557,744 shares of the company traded hands, compared to its average volume of 1,242,785. Kilroy Realty Co. has a one year low of $27.07 and a one year high of $43.78. The firm has a fifty day simple moving average of $31.64 and a two-hundred day simple moving average of $35.57. The company has a market cap of $3.98 billion, a P/E ratio of 19.00 and a beta of 1.16. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.82.

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

Kilroy Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Monday, June 30th will be issued a $0.54 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.16 annualized dividend and a dividend yield of 6.42%. Kilroy Realty's dividend payout ratio is currently 128.57%.

Insider Activity

In other news, EVP John Osmond sold 4,000 shares of Kilroy Realty stock in a transaction that occurred on Tuesday, March 25th. The shares were 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 of the company's stock, valued at $440,484.48. The trade was a 24.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider A. Robert Paratte sold 6,000 shares of Kilroy Realty stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $34.74, for a total transaction of $208,440.00. Following the completion of the transaction, the insider now directly owns 86,744 shares in the company, valued at approximately $3,013,486.56. The trade was a 6.47% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.57% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on KRC shares. Evercore ISI cut their target price on shares of Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating for the company in a research note on Wednesday, February 12th. JPMorgan Chase & Co. cut their target price on shares of Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. Barclays raised shares of Kilroy Realty from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $42.00 to $44.00 in a research note on Thursday, February 27th. Royal Bank of Canada cut their target price on shares of 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. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and set a $36.00 target price (down from $42.00) on shares of Kilroy Realty in a research note on Friday, March 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $39.10.

Kilroy Realty 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.