Janus Henderson Group PLC Sells 454,731 Shares of Kilroy Realty Co. (NYSE:KRC)

Janus Henderson Group PLC reduced its position in Kilroy Realty Co. (NYSE:KRC - Free Report) by 33.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 911,471 shares of the real estate investment trust's stock after selling 454,731 shares during the quarter. Janus Henderson Group PLC owned approximately 0.77% of Kilroy Realty worth $36,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Summit Securities Group LLC purchased a new position in shares of Kilroy Realty during the fourth quarter valued at about $49,000. Fifth Third Bancorp grew its position in shares of Kilroy Realty by 31.7% during the fourth quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust's stock valued at $102,000 after purchasing an additional 607 shares in the last quarter. FIL Ltd grew its position in shares of Kilroy Realty by 52.4% during the fourth quarter. FIL Ltd now owns 3,442 shares of the real estate investment trust's stock valued at $139,000 after purchasing an additional 1,184 shares in the last quarter. KBC Group NV grew its position in shares of Kilroy Realty by 54.2% during the fourth quarter. KBC Group NV now owns 4,819 shares of the real estate investment trust's stock valued at $195,000 after purchasing an additional 1,694 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its position in shares of Kilroy Realty by 67.4% during the fourth quarter. Venturi Wealth Management LLC now owns 4,875 shares of the real estate investment trust's stock valued at $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 Down 0.8%

Shares of NYSE KRC opened at $31.49 on Thursday. The business's 50 day moving average is $32.10 and its two-hundred day moving average is $36.38. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.21 and a quick 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 capitalization of $3.72 billion, a P/E ratio of 17.79 and a beta of 1.16.

Kilroy Realty (NYSE:KRC - Get Free Report) last announced its earnings results on Monday, May 5th. The real estate investment trust reported $1.02 earnings per share (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 business had revenue of $270.84 million for the quarter, compared to analysts' expectations of $274.90 million. During the same quarter last year, the firm earned $1.11 EPS. The firm's quarterly revenue was down 2.8% on a year-over-year basis. As a group, research analysts expect that Kilroy Realty Co. will post 4 EPS for the current 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 given a dividend of $0.54 per share. The ex-dividend date was Monday, March 31st. This represents a $2.16 annualized dividend and a dividend yield of 6.86%. Kilroy Realty's dividend payout ratio (DPR) is presently 128.57%.

Insider Buying and Selling at Kilroy Realty

In other Kilroy Realty news, CEO Angela M. Aman bought 2,797 shares of the company's stock in a transaction on Friday, February 28th. The stock was acquired at an average price of $35.45 per share, for a total transaction of $99,153.65. Following the completion of the transaction, the chief executive officer now directly owns 2,797 shares of the company's stock, valued at approximately $99,153.65. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 of the company's stock, valued at $3,013,486.56. This represents 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.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on KRC shares. Jefferies Financial Group started coverage on Kilroy Realty in a research report on Monday, March 17th. They set a "hold" rating and a $34.00 price objective for the company. Barclays upgraded Kilroy Realty from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $42.00 to $44.00 in a research report on Thursday, February 27th. The Goldman Sachs Group restated a "neutral" rating and set a $36.00 price objective (down previously from $42.00) on shares of Kilroy Realty in a research report on Friday, March 28th. JPMorgan Chase & Co. dropped their price target on Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Finally, Royal Bank of Canada reduced their price objective on Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating on the stock in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Kilroy Realty has an average rating of "Hold" and an average target price 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.

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