Greenleaf Trust Sells 2,053 Shares of Kilroy Realty Co. (NYSE:KRC)

Greenleaf Trust reduced its stake in Kilroy Realty Co. (NYSE:KRC) by 19.2% during the 4th quarter, Holdings Channel reports. The firm owned 8,616 shares of the real estate investment trust’s stock after selling 2,053 shares during the period. Greenleaf Trust’s holdings in Kilroy Realty were worth $343,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rush Island Management LP bought a new position in Kilroy Realty during the third quarter worth about $35,572,000. Senvest Management LLC lifted its holdings in Kilroy Realty by 39.5% during the third quarter. Senvest Management LLC now owns 2,961,076 shares of the real estate investment trust’s stock worth $93,600,000 after acquiring an additional 837,755 shares in the last quarter. Wellington Management Group LLP bought a new position in Kilroy Realty during the third quarter worth about $25,093,000. Charles Schwab Investment Management Inc. lifted its holdings in Kilroy Realty by 25.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,025,569 shares of the real estate investment trust’s stock worth $64,028,000 after acquiring an additional 404,821 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Kilroy Realty by 2.0% during the third quarter. Vanguard Group Inc. now owns 16,906,218 shares of the real estate investment trust’s stock worth $534,406,000 after acquiring an additional 334,859 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors.

Kilroy Realty Stock Performance

KRC opened at $33.74 on Wednesday. The business’s 50-day moving average price is $35.24 and its two-hundred day moving average price is $35.06. Kilroy Realty Co. has a 1 year low of $25.99 and a 1 year high of $43.37. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of 18.74, a P/E/G ratio of 2.48 and a beta of 1.02. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.65 and a quick ratio of 2.65.

Kilroy Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 29th were given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.40%. The ex-dividend date of this dividend was Wednesday, March 27th. Kilroy Realty’s dividend payout ratio is currently 120.00%.

Wall Street Analysts Forecast Growth

KRC has been the topic of several recent analyst reports. Barclays initiated coverage on Kilroy Realty in a report on Wednesday, March 27th. They set an “equal weight” rating and a $38.00 target price on the stock. KeyCorp reduced their target price on Kilroy Realty from $47.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft started coverage on Kilroy Realty in a report on Tuesday, January 30th. They set a “hold” rating and a $40.00 target price on the stock. Finally, Royal Bank of Canada downgraded Kilroy Realty from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $44.00 to $39.00 in a research note on Friday, March 8th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $39.00.

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.