AQR Capital Management LLC Sells 230,634 Shares of Kilroy Realty Co. (NYSE:KRC)

AQR Capital Management LLC lowered its holdings in Kilroy Realty Co. (NYSE:KRC - Free Report) by 36.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 399,739 shares of the real estate investment trust's stock after selling 230,634 shares during the quarter. AQR Capital Management LLC owned 0.34% of Kilroy Realty worth $16,169,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in KRC. Wilmington Savings Fund Society FSB bought a new stake in shares of Kilroy Realty in the 3rd quarter valued at approximately $34,000. Summit Securities Group LLC bought a new position in shares of Kilroy Realty during the fourth quarter valued at $49,000. GAMMA Investing LLC boosted its stake in shares of Kilroy Realty by 25.4% in the 4th quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust's stock valued at $75,000 after purchasing an additional 374 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Kilroy Realty by 31.7% in the 4th quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust's stock worth $102,000 after purchasing an additional 607 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in shares of 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 worth $105,000 after purchasing an additional 336 shares in the last quarter. Institutional investors and hedge funds own 94.22% of the company's stock.

Kilroy Realty Trading Up 1.0 %

Shares of NYSE:KRC traded up $0.30 during midday trading on Thursday, hitting $31.13. The company had a trading volume of 799,760 shares, compared to its average volume of 1,227,999. 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 12 month low of $27.07 and a 12 month high of $43.78. The firm has a fifty day simple moving average of $32.31 and a 200 day simple moving average of $36.72. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 17.59 and a beta of 1.16.

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

Kilroy Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Monday, March 31st were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.16 annualized dividend and a yield of 6.94%. Kilroy Realty's payout ratio is presently 122.03%.

Insider Buying and Selling at Kilroy Realty

In other Kilroy Realty news, EVP John Osmond sold 4,000 shares of the company's stock in a transaction 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 sale, the executive vice president now directly owns 12,528 shares of the company's stock, valued at approximately $440,484.48. This represents a 24.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider A. Robert Paratte sold 6,000 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $34.74, for a total transaction of $208,440.00. Following the transaction, the insider now owns 86,744 shares in the company, valued at $3,013,486.56. This represents a 6.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.57% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on KRC shares. Evercore ISI dropped their price objective on shares of Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating for the company in a report on Wednesday, February 12th. JPMorgan Chase & Co. reduced their price objective on Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. KeyCorp lowered their target price on Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating for the company in a research note on Monday, March 31st. Jefferies Financial Group started coverage on shares of Kilroy Realty in a research report on Monday, March 17th. They set a "hold" rating and a $34.00 price target on the stock. Finally, Barclays upgraded shares of 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. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Kilroy Realty currently has a consensus rating of "Hold" and a consensus 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.