Kilroy Realty Co. (NYSE:KRC) Position Trimmed by Perpetual Ltd

Perpetual Ltd decreased its holdings in Kilroy Realty Co. (NYSE:KRC) by 9.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,971 shares of the real estate investment trust’s stock after selling 1,510 shares during the period. Perpetual Ltd’s holdings in Kilroy Realty were worth $565,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. CWA Asset Management Group LLC acquired a new position in Kilroy Realty in the 3rd quarter valued at approximately $476,000. Vestcor Inc increased its stake in shares of Kilroy Realty by 289.0% in the third quarter. Vestcor Inc now owns 34,313 shares of the real estate investment trust’s stock worth $1,328,000 after acquiring an additional 25,492 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Kilroy Realty by 4,454.4% during the third quarter. International Assets Investment Management LLC now owns 13,390 shares of the real estate investment trust’s stock worth $518,000 after acquiring an additional 13,096 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Kilroy Realty by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,171,717 shares of the real estate investment trust’s stock valued at $84,045,000 after purchasing an additional 27,660 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Kilroy Realty by 428.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 850,975 shares of the real estate investment trust’s stock valued at $32,933,000 after purchasing an additional 689,962 shares in the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.

Kilroy Realty Stock Performance

Shares of KRC opened at $38.27 on Thursday. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 3.08. Kilroy Realty Co. has a one year low of $30.71 and a one year high of $43.78. The company’s fifty day moving average price is $39.97 and its 200 day moving average price is $38.13. The company has a market capitalization of $4.52 billion, a PE ratio of 22.92 and a beta of 1.02.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.60). The business had revenue of $289.94 million for the quarter, compared to analyst estimates of $275.77 million. Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. Kilroy Realty’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.12 EPS. As a group, analysts expect that Kilroy Realty Co. will post 4.41 earnings per share for the current year.

Kilroy Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 31st were paid a $0.54 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.16 annualized dividend and a dividend yield of 5.64%. Kilroy Realty’s payout ratio is 129.34%.

Insider Buying and Selling

In other Kilroy Realty news, insider Heidi Rena Roth sold 12,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.28, for a total value of $507,360.00. Following the sale, the insider now directly owns 50,211 shares in the company, valued at $2,122,921.08. This trade represents a 19.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.49% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. raised Kilroy Realty from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $45.00 to $49.00 in a research note on Friday, December 20th. Barclays cut their price objective on shares of Kilroy Realty from $44.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Evercore ISI increased their price target on shares of Kilroy Realty from $40.00 to $41.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Jefferies Financial Group downgraded shares of Kilroy Realty from a “buy” rating to a “hold” rating and cut their price target for the company from $45.00 to $41.00 in a report on Thursday, January 2nd. Finally, Scotiabank cut shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price objective for the company. in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Kilroy Realty presently has an average rating of “Hold” and an average price target of $40.80.

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.