Kilroy Realty Co. (NYSE:KRC) Shares Sold by GRS Advisors LLC

GRS Advisors LLC reduced its position in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 25.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 598,370 shares of the real estate investment trust's stock after selling 203,245 shares during the period. Kilroy Realty accounts for about 2.4% of GRS Advisors LLC's investment portfolio, making the stock its 20th largest position. GRS Advisors LLC owned about 0.51% of Kilroy Realty worth $24,204,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. State of Alaska Department of Revenue lifted its holdings in shares of Kilroy Realty by 0.4% during the 4th quarter. State of Alaska Department of Revenue now owns 68,456 shares of the real estate investment trust's stock worth $2,768,000 after acquiring an additional 276 shares during the period. Choreo LLC raised its position in Kilroy Realty by 3.2% in the fourth quarter. Choreo LLC now owns 8,852 shares of the real estate investment trust's stock valued at $358,000 after purchasing an additional 278 shares during the period. M&T Bank Corp lifted its stake in shares of Kilroy Realty by 1.3% during the fourth quarter. M&T Bank Corp now owns 22,889 shares of the real estate investment trust's stock worth $926,000 after purchasing an additional 293 shares in the last quarter. US Bancorp DE boosted its position in shares of Kilroy Realty by 3.4% in the fourth quarter. US Bancorp DE now owns 9,680 shares of the real estate investment trust's stock worth $392,000 after buying an additional 317 shares during the period. Finally, Treasurer of the State of North Carolina lifted its position in Kilroy Realty by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 51,388 shares of the real estate investment trust's stock worth $2,079,000 after acquiring an additional 320 shares in the last quarter. Hedge funds and other institutional investors own 94.22% of the company's stock.

Kilroy Realty Stock Performance

Shares of KRC opened at $31.64 on Friday. The company's 50 day moving average price is $32.19 and its 200 day moving average price is $36.58. The company has a market capitalization of $3.74 billion, a PE ratio of 17.88 and a beta of 1.16. Kilroy Realty Co. has a 52 week low of $27.07 and a 52 week high of $43.78. 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 (NYSE:KRC - Get Free Report) last posted its earnings results on Monday, May 5th. The real estate investment trust reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.01). The company had revenue of $270.84 million for the quarter, compared to the consensus estimate of $274.90 million. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. Kilroy Realty's quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the business earned $1.11 earnings per share. Research analysts expect that Kilroy Realty Co. will post 4 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 6.83%. The ex-dividend date of this dividend was Monday, March 31st. Kilroy Realty's dividend payout ratio (DPR) is 122.03%.

Insider Activity

In other Kilroy Realty news, insider A. Robert Paratte sold 6,000 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $34.74, for a total value of $208,440.00. Following the sale, the insider now owns 86,744 shares of the company's stock, valued at $3,013,486.56. This trade represents a 6.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Angela M. Aman acquired 2,797 shares of the stock in a transaction dated Friday, February 28th. The stock was bought at an average price of $35.45 per share, for a total transaction of $99,153.65. Following the purchase, the chief executive officer now owns 2,797 shares of the company's stock, valued at $99,153.65. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 1.57% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Royal Bank of Canada dropped their target price on 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. Barclays upgraded shares of Kilroy Realty from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $42.00 to $44.00 in a research note on Thursday, February 27th. Jefferies Financial Group assumed coverage on Kilroy Realty in a research note on Monday, March 17th. They issued a "hold" rating and a $34.00 price target for the company. KeyCorp decreased their target price on Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating for the company in a research report on Monday, March 31st. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $38.82.

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.

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