Kilroy Realty Co. (NYSE:KRC) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its holdings in Kilroy Realty Co. (NYSE:KRC - Free Report) by 75.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 55,401 shares of the real estate investment trust's stock after selling 173,299 shares during the quarter. Renaissance Technologies LLC's holdings in Kilroy Realty were worth $2,241,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. FIL Ltd raised its stake in shares of Kilroy Realty by 52.4% during the 4th quarter. FIL Ltd now owns 3,442 shares of the real estate investment trust's stock worth $139,000 after buying an additional 1,184 shares during the period. Invesco Ltd. increased its stake in Kilroy Realty by 23.9% in the fourth quarter. Invesco Ltd. now owns 626,653 shares of the real estate investment trust's stock valued at $25,348,000 after purchasing an additional 120,925 shares during the period. Bank of Montreal Can increased its stake in shares of Kilroy Realty by 21.5% during the fourth quarter. Bank of Montreal Can now owns 19,408 shares of the real estate investment trust's stock worth $785,000 after acquiring an additional 3,436 shares during the period. Cerity Partners LLC boosted its holdings in Kilroy Realty by 498.2% during the fourth quarter. Cerity Partners LLC now owns 83,345 shares of the real estate investment trust's stock worth $3,361,000 after buying an additional 69,413 shares in the last quarter. Finally, Ilmarinen Mutual Pension Insurance Co grew its stake in Kilroy Realty by 37.5% in the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 55,000 shares of the real estate investment trust's stock valued at $2,225,000 after acquiring an additional 15,000 shares during the last quarter. Hedge funds and other institutional investors own 94.22% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on KRC. The Goldman Sachs Group reiterated a "neutral" rating and set a $36.00 target price (down previously from $42.00) on shares of Kilroy Realty in a report on Friday, March 28th. JPMorgan Chase & Co. dropped their price objective on shares of Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Royal Bank of Canada decreased their price objective on Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating for the company in a report on Monday, March 10th. Jefferies Financial Group began coverage on shares of Kilroy Realty in a report on Monday, March 17th. They issued a "hold" rating and a $34.00 price target for the company. Finally, KeyCorp dropped their target price on Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating on the stock in a report on Monday, March 31st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $38.82.

Kilroy Realty Stock Up 2.7 %

NYSE KRC traded up $0.86 on Thursday, reaching $32.37. The company had a trading volume of 239,905 shares, compared to its average volume of 1,221,616. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $3.83 billion, a P/E ratio of 18.28 and a beta of 1.04. The company's fifty day moving average is $32.62 and its 200 day moving average is $37.06. Kilroy Realty Co. has a 52-week low of $27.07 and a 52-week high of $43.78.

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

Kilroy Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders 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 dividend yield of 6.67%. The ex-dividend date of this dividend was Monday, March 31st. Kilroy Realty's dividend payout ratio (DPR) is presently 122.03%.

Insider Buying and Selling at Kilroy Realty

In other Kilroy Realty news, CEO Angela M. Aman acquired 2,797 shares of the company's stock in a transaction dated Friday, February 28th. The stock was purchased at an average price of $35.45 per share, with a total value of $99,153.65. Following the completion of the purchase, the chief executive officer now directly owns 2,797 shares in the company, valued at approximately $99,153.65. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John Osmond sold 4,000 shares of the firm'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 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 ownership of the stock. The disclosure for this sale can be found here. 1.57% of the stock is owned by company insiders.

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.