Sumitomo Mitsui Trust Holdings Inc. Sells 49,344 Shares of Kilroy Realty Co. (NYSE:KRC)

Sumitomo Mitsui Trust Holdings Inc. trimmed its stake in Kilroy Realty Co. (NYSE:KRC - Free Report) by 6.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 738,792 shares of the real estate investment trust's stock after selling 49,344 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.63% of Kilroy Realty worth $29,433,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Venture Visionary Partners LLC bought a new stake in Kilroy Realty in the fourth quarter valued at about $1,556,000. Rush Island Management LP bought a new stake in shares of Kilroy Realty in the third quarter worth about $35,572,000. Wellington Management Group LLP bought a new stake in shares of Kilroy Realty in the third quarter worth about $25,093,000. Raymond James & Associates increased its holdings in shares of Kilroy Realty by 15.2% in the third quarter. Raymond James & Associates now owns 23,382 shares of the real estate investment trust's stock worth $739,000 after acquiring an additional 3,093 shares in the last quarter. Finally, Citigroup Inc. increased its holdings in shares of Kilroy Realty by 32.7% in the third quarter. Citigroup Inc. now owns 38,359 shares of the real estate investment trust's stock worth $1,213,000 after acquiring an additional 9,450 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors.

Kilroy Realty Stock Up 1.0 %

NYSE KRC traded up $0.32 during trading hours on Monday, hitting $33.41. 636,343 shares of the company traded hands, compared to its average volume of 1,109,582. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.65 and a current ratio of 2.65. Kilroy Realty Co. has a twelve month low of $25.99 and a twelve month high of $43.37. The business's 50-day moving average is $35.23 and its 200-day moving average is $35.03. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 18.56, a P/E/G ratio of 2.46 and a beta of 1.02.

Kilroy Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 29th were paid a dividend of $0.54 per share. The ex-dividend date was Wednesday, March 27th. This represents a $2.16 annualized dividend and a dividend yield of 6.47%. Kilroy Realty's dividend payout ratio is currently 120.00%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on KRC. Deutsche Bank Aktiengesellschaft began coverage on Kilroy Realty in a report on Tuesday, January 30th. They issued a "hold" rating and a $40.00 price target for the company. KeyCorp decreased their price objective on Kilroy Realty from $47.00 to $45.00 and set an "overweight" rating for the company in a report on Wednesday, February 28th. Barclays started coverage on Kilroy Realty in a report on Wednesday, March 27th. They set an "equal weight" rating and a $38.00 price objective for the company. Finally, Royal Bank of Canada downgraded Kilroy Realty from an "outperform" rating to a "sector perform" rating and decreased their price objective for the stock from $44.00 to $39.00 in a report on Friday, March 8th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Kilroy Realty has a consensus rating of "Hold" and an average price target of $39.00.

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.