UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 699,449 Shares of Kilroy Realty Co. (NYSE:KRC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 82.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 about 0.13% of Kilroy Realty worth $6,129,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Kilroy Realty during the fourth quarter valued at $366,356,000. Principal Financial Group Inc. raised its position in shares of Kilroy Realty by 4.7% in the 4th 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 acquiring an additional 218,163 shares during the period. Resolution Capital Ltd boosted its stake in Kilroy Realty by 12.6% during 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 acquiring an additional 500,635 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Kilroy Realty by 6.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,265,387 shares of the real estate investment trust's stock worth $132,087,000 after acquiring an additional 193,291 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its holdings 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 period. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP John Osmond sold 4,000 shares of the firm's 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 completion of the transaction, the executive vice president now directly owns 12,528 shares of the company's stock, valued at approximately $440,484.48. This trade represents a 24.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider A. Robert Paratte sold 6,000 shares of Kilroy Realty stock in a transaction dated 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 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 position. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on KRC. Barclays raised shares of Kilroy Realty from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $42.00 to $44.00 in a research note on Thursday, February 27th. Evercore ISI dropped their price objective on shares of Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating on the stock in a report on Wednesday, February 12th. JPMorgan Chase & Co. reduced 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. The Goldman Sachs Group reissued a "neutral" rating and issued a $36.00 price target (down previously from $42.00) on shares of Kilroy Realty in a research note on Friday, March 28th. Finally, Jefferies Financial Group initiated coverage on Kilroy Realty in a report on Monday, March 17th. They issued a "hold" rating and a $34.00 price target on the stock. 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's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $39.10.

Kilroy Realty Price Performance

NYSE KRC traded up $0.51 on Thursday, hitting $34.10. 680,095 shares of the company's stock were exchanged, compared to its average volume of 1,240,834. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82. Kilroy Realty Co. has a 52 week low of $27.07 and a 52 week high of $43.78. The stock has a market cap of $4.03 billion, a price-to-earnings ratio of 19.25 and a beta of 1.16. The stock has a 50-day moving average of $31.65 and a 200-day moving average of $35.56.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted 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 net margin of 18.58% and a return on equity of 3.75%. The firm had revenue of $270.84 million during the quarter, compared to the consensus estimate of $274.90 million. During the same quarter in the prior year, the business posted $1.11 earnings per share. Kilroy Realty's revenue for the quarter was down 2.8% compared to the same quarter last year. Analysts expect that Kilroy Realty Co. will post 4 earnings per share for the current year.

Kilroy Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Monday, June 30th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 6.34%. The ex-dividend date is Monday, June 30th. Kilroy Realty's dividend payout ratio is presently 128.57%.

About Kilroy Realty

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.