AIA Group Ltd Sells 3,657 Shares of Kilroy Realty Co. (NYSE:KRC)

AIA Group Ltd decreased its holdings in Kilroy Realty Co. (NYSE:KRC) by 24.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,463 shares of the real estate investment trust’s stock after selling 3,657 shares during the quarter. AIA Group Ltd’s holdings in Kilroy Realty were worth $464,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of Kilroy Realty in the third quarter worth approximately $34,000. Summit Securities Group LLC acquired a new position in shares of Kilroy Realty in the 4th quarter valued at about $49,000. GAMMA Investing LLC boosted its position in shares of Kilroy Realty by 25.4% during 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 stake in 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 worth $102,000 after purchasing an additional 607 shares during the period. Finally, Versant Capital Management Inc increased its holdings in Kilroy Realty by 14.8% in the fourth 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 own 94.22% of the company’s stock.

Insiders Place Their Bets

In related news, EVP John Osmond sold 4,000 shares of the business’s stock in a transaction dated Tuesday, March 25th. The stock was 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 in the company, valued at $440,484.48. The trade was a 24.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider A. Robert Paratte sold 6,000 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $34.74, for a total transaction of $208,440.00. Following the completion of the transaction, the insider now directly owns 86,744 shares in the company, valued at $3,013,486.56. The trade was a 6.47 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on KRC. KeyCorp cut their price target on Kilroy Realty from $45.00 to $41.00 and set an “overweight” rating on the stock in a report on Monday. Evercore ISI decreased their price target on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a research note on Wednesday, February 12th. Jefferies Financial Group assumed coverage on shares of Kilroy Realty in a research report on Monday, March 17th. They set a “hold” rating and a $34.00 price objective on the stock. Royal Bank of Canada decreased their target price on Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating for the company in a research report on Monday, March 10th. Finally, Barclays raised 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 note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, Kilroy Realty presently has an average rating of “Hold” and an average target price of $39.45.

Kilroy Realty Stock Performance

Shares of Kilroy Realty stock opened at $32.85 on Wednesday. The company has a market cap of $3.88 billion, a PE ratio of 18.56 and a beta of 1.02. 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 business has a 50 day moving average price of $35.18 and a 200-day moving average price of $38.26. Kilroy Realty Co. has a 52 week low of $30.71 and a 52 week high of $43.78.

Kilroy Realty (NYSE:KRC) last released 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 net margin of 18.58% and a return on equity of 3.75%. Equities 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 declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.58%. The ex-dividend date of this dividend is Monday, March 31st. Kilroy Realty’s payout ratio is currently 122.03%.

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.