Two Sigma Investments LP lessened its stake in Kilroy Realty Co. (NYSE:KRC - Free Report) by 72.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 72,371 shares of the real estate investment trust's stock after selling 192,157 shares during the quarter. Two Sigma Investments LP owned 0.06% of Kilroy Realty worth $2,927,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in Kilroy Realty during the 4th quarter worth about $366,356,000. Principal Financial Group Inc. lifted its stake in 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 worth $196,680,000 after purchasing an additional 218,163 shares during the last quarter. Resolution Capital Ltd boosted its holdings in 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 valued at $181,526,000 after purchasing an additional 500,635 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in 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 during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its position in shares of Kilroy Realty by 29.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,003,920 shares of the real estate investment trust's stock worth $121,509,000 after buying an additional 680,870 shares during the last quarter. 94.22% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, insider A. Robert Paratte sold 6,000 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $34.74, for a total value of $208,440.00. Following the transaction, the insider now owns 86,744 shares in the company, valued at approximately $3,013,486.56. This trade represents a 6.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $140,640.00. Following the transaction, the executive vice president now directly owns 12,528 shares in the company, valued at approximately $440,484.48. This trade represents a 24.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by company insiders.
Kilroy Realty Price Performance
KRC traded up $0.66 on Wednesday, hitting $33.83. 291,614 shares of the company were exchanged, compared to its average volume of 1,235,534. The business's fifty day moving average is $31.64 and its 200 day moving average is $35.57. The firm has a market capitalization of $4.00 billion, a P/E ratio of 19.11 and a beta of 1.16. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21. Kilroy Realty Co. has a fifty-two week low of $27.07 and a fifty-two week high of $43.78.
Kilroy Realty (NYSE:KRC - Get Free Report) last announced its earnings results on Monday, May 5th. The real estate investment trust reported $1.02 EPS 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 analyst estimates of $274.90 million. During the same quarter last year, the company posted $1.11 EPS. Kilroy Realty's quarterly revenue was down 2.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kilroy Realty Co. will post 4 EPS for the current year.
Kilroy Realty Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders 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 yield of 6.39%. Kilroy Realty's dividend payout ratio (DPR) is presently 128.57%.
Analysts Set New Price Targets
Several equities analysts have issued reports on the company. Wells Fargo & Company dropped their price objective on Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating on the stock in a report on Monday, May 19th. Jefferies Financial Group initiated coverage on shares of Kilroy Realty in a research note on Monday, March 17th. They set a "hold" rating and a $34.00 price target for the company. KeyCorp dropped their price objective on shares of Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating on the stock in a research note on Monday, March 31st. Royal Bank of Canada decreased 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, Barclays upgraded Kilroy Realty from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $42.00 to $44.00 in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $39.10.
Get Our Latest Report on Kilroy Realty
Kilroy Realty Profile
(
Free Report)
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.
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