First Trust Advisors LP Lowers Stake in Kilroy Realty Co. (NYSE:KRC)

First Trust Advisors LP trimmed its position in Kilroy Realty Co. (NYSE:KRC - Free Report) by 5.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 238,387 shares of the real estate investment trust's stock after selling 12,977 shares during the period. First Trust Advisors LP owned 0.20% of Kilroy Realty worth $9,643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Kilroy Realty in the third quarter valued at about $34,000. Summit Securities Group LLC acquired a new position in Kilroy Realty in the 4th quarter worth approximately $49,000. GAMMA Investing LLC raised its position in Kilroy Realty by 25.4% during the 4th quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust's stock worth $75,000 after buying an additional 374 shares during the last quarter. Fifth Third Bancorp raised its position in Kilroy Realty by 31.7% during the 4th quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust's stock worth $102,000 after buying an additional 607 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in Kilroy Realty by 14.8% during the 4th quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust's stock valued at $105,000 after acquiring an additional 336 shares during the period. Hedge funds and other institutional investors own 94.22% of the company's stock.

Insider Transactions at Kilroy Realty

In other news, CEO Angela M. Aman purchased 2,797 shares of the company's stock in a transaction dated Friday, February 28th. The stock was acquired at an average price of $35.45 per share, with a total value of $99,153.65. Following the purchase, the chief executive officer now directly owns 2,797 shares in the company, valued at approximately $99,153.65. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider A. Robert Paratte sold 6,000 shares of Kilroy Realty stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $34.74, for a total transaction of $208,440.00. Following the sale, 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. Insiders own 1.57% of the company's stock.

Kilroy Realty Price Performance

Shares of NYSE:KRC traded up $0.44 during trading on Friday, reaching $32.40. The stock had a trading volume of 983,313 shares, compared to its average volume of 1,225,200. 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 1-year low of $27.07 and a 1-year high of $43.78. The stock has a market cap of $3.83 billion, a PE ratio of 18.31 and a beta of 1.04. The business has a fifty day moving average price of $32.59 and a 200-day moving average price of $37.01.

Kilroy Realty (NYSE:KRC - Get Free Report) last released its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.03 by $0.17. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. On average, equities analysts forecast that Kilroy Realty Co. will post 4 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 6.67%. The ex-dividend date was Monday, March 31st. Kilroy Realty's dividend payout ratio (DPR) is 122.03%.

Analyst Ratings Changes

A number of research analysts recently issued reports on KRC shares. Evercore ISI decreased 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 report on Wednesday, February 12th. Mizuho reaffirmed a "neutral" rating and set a $43.00 target price (down from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. JPMorgan Chase & Co. lowered their price objective on Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. The Goldman Sachs Group reiterated a "neutral" rating and issued a $36.00 target price (down from $42.00) on shares of Kilroy Realty in a research note on Friday, March 28th. Finally, Wells Fargo & Company downgraded shares of Kilroy Realty from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $43.00 to $35.00 in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $38.82.

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.