UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Holdings in Kilroy Realty Co. (NYSE:KRC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in Kilroy Realty Co. (NYSE:KRC - Free Report) by 82.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 151,526 shares of the real estate investment trust's stock after selling 699,449 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.13% of Kilroy Realty worth $6,129,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Tidal Investments LLC boosted its holdings in shares of Kilroy Realty by 51.1% during the fourth quarter. Tidal Investments LLC now owns 11,295 shares of the real estate investment trust's stock worth $457,000 after purchasing an additional 3,820 shares during the period. Sapience Investments LLC raised its position in Kilroy Realty by 20.0% during the 4th quarter. Sapience Investments LLC now owns 69,865 shares of the real estate investment trust's stock valued at $2,826,000 after purchasing an additional 11,646 shares during the last quarter. Rush Island Management LP bought a new position in Kilroy Realty during the 4th quarter valued at approximately $109,502,000. Resolution Capital Ltd lifted its holdings in Kilroy Realty by 12.6% in the 4th 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 during the period. Finally, ProShare Advisors LLC bought a new stake in shares of Kilroy Realty in the 4th quarter worth approximately $201,000. Institutional investors own 94.22% of the company's stock.

Insider Transactions at Kilroy Realty

In other news, insider A. Robert Paratte sold 6,000 shares of Kilroy Realty stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $34.74, for a total value of $208,440.00. Following the completion of the transaction, the insider now owns 86,744 shares of the company's stock, valued at $3,013,486.56. The trade was a 6.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Osmond sold 4,000 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $35.16, for a total transaction of $140,640.00. Following the sale, the executive vice president now directly owns 12,528 shares in the company, valued at $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. Insiders own 1.57% of the company's stock.

Kilroy Realty Stock Up 2.4%

Shares of KRC stock traded up $0.83 during mid-day trading on Friday, reaching $34.98. 1,893,754 shares of the company's stock traded hands, compared to its average volume of 1,246,556. The company's 50-day moving average price is $31.68 and its 200-day moving average price is $35.53. The company has a market cap of $4.14 billion, a P/E ratio of 19.76 and a beta of 1.18. 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 Co. has a 12 month low of $27.07 and a 12 month high of $43.78.

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

Kilroy Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Monday, June 30th will be given a $0.54 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.18%. Kilroy Realty's dividend payout ratio is currently 128.57%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on KRC. Evercore ISI reduced their target price on Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating on the stock in a research note on Wednesday, February 12th. The Goldman Sachs Group reissued a "neutral" rating and set a $36.00 price objective (down from $42.00) on shares of Kilroy Realty in a research report on Friday, March 28th. Barclays upgraded shares of Kilroy Realty from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $42.00 to $44.00 in a report on Thursday, February 27th. KeyCorp cut their target price 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. Finally, Royal Bank of Canada reduced their price target on shares of Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating on the stock in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $39.10.

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.