Wolverine Asset Management LLC Sells 58,441 Shares of Kilroy Realty Co. (NYSE:KRC)

Wolverine Asset Management LLC lessened its position in Kilroy Realty Co. (NYSE:KRC) by 45.9% during the third quarter, Holdings Channel reports. The fund owned 68,893 shares of the real estate investment trust’s stock after selling 58,441 shares during the period. Wolverine Asset Management LLC’s holdings in Kilroy Realty were worth $2,666,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. boosted its holdings in shares of Kilroy Realty by 1.0% in the 3rd quarter. Assetmark Inc. now owns 26,792 shares of the real estate investment trust’s stock worth $1,037,000 after purchasing an additional 274 shares in the last quarter. CWA Asset Management Group LLC purchased a new stake in Kilroy Realty in the third quarter worth approximately $476,000. Summit Global Investments grew its position in Kilroy Realty by 147.4% during the third quarter. Summit Global Investments now owns 16,322 shares of the real estate investment trust’s stock valued at $632,000 after acquiring an additional 9,724 shares during the last quarter. HF Advisory Group LLC purchased a new position in shares of Kilroy Realty during the third quarter worth approximately $1,086,000. Finally, QRG Capital Management Inc. lifted its holdings in shares of Kilroy Realty by 16.8% in the 3rd quarter. QRG Capital Management Inc. now owns 8,617 shares of the real estate investment trust’s stock worth $333,000 after acquiring an additional 1,239 shares during the last quarter. Institutional investors own 94.22% of the company’s stock.

Insider Activity at Kilroy Realty

In other Kilroy Realty news, EVP John Osmond sold 2,628 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total value of $105,120.00. Following the completion of the sale, the executive vice president now directly owns 8,818 shares in the company, valued at $352,720. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other Kilroy Realty news, EVP John Osmond sold 2,628 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total value of $105,120.00. Following the completion of the transaction, the executive vice president now owns 8,818 shares in the company, valued at approximately $352,720. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $39.14, for a total value of $117,420.00. Following the transaction, the chief accounting officer now directly owns 26,401 shares of the company’s stock, valued at $1,033,335.14. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.49% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

KRC has been the topic of several recent research reports. Scotiabank reduced their target price on shares of Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Barclays raised their price objective on Kilroy Realty from $38.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Evercore ISI boosted their target price on Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company reduced their price target on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 11th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $39.43.

Kilroy Realty Stock Down 0.5 %

Shares of NYSE:KRC opened at $41.33 on Tuesday. The stock’s 50-day moving average is $38.94 and its 200 day moving average is $35.50. The company has a market cap of $4.88 billion, a PE ratio of 24.75 and a beta of 1.03. 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 1 year low of $27.39 and a 1 year high of $43.78.

Kilroy Realty (NYSE:KRC) last announced its earnings results on Monday, October 28th. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.60). The business had revenue of $289.94 million for the quarter, compared to the consensus estimate of $275.77 million. Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. Kilroy Realty’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.12 EPS. Sell-side analysts anticipate that Kilroy Realty Co. will post 4.41 EPS for the current year.

Kilroy Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th were paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date of this dividend was Monday, September 30th. Kilroy Realty’s payout ratio is 129.34%.

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.