Inspire Investing LLC Sells 3,593 Shares of Kilroy Realty Co. (NYSE:KRC)

Inspire Investing LLC reduced its position in Kilroy Realty Co. (NYSE:KRC) by 9.5% during the fourth quarter, HoldingsChannel reports. The firm owned 34,047 shares of the real estate investment trust’s stock after selling 3,593 shares during the period. Inspire Investing LLC’s holdings in Kilroy Realty were worth $1,377,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of KRC. Ballentine Partners LLC boosted its position in Kilroy Realty by 3.1% during the fourth quarter. Ballentine Partners LLC now owns 19,316 shares of the real estate investment trust’s stock valued at $781,000 after acquiring an additional 583 shares during the last quarter. HF Advisory Group LLC boosted its position in shares of Kilroy Realty by 39.2% during the 4th quarter. HF Advisory Group LLC now owns 39,043 shares of the real estate investment trust’s stock valued at $1,579,000 after purchasing an additional 10,985 shares in the last quarter. Aaron Wealth Advisors LLC grew its stake in Kilroy Realty by 20.7% during the fourth quarter. Aaron Wealth Advisors LLC now owns 7,039 shares of the real estate investment trust’s stock worth $285,000 after purchasing an additional 1,207 shares during the period. Kera Capital Partners Inc. bought a new stake in Kilroy Realty in the fourth quarter worth approximately $261,000. Finally, Green Alpha Advisors LLC lifted its stake in Kilroy Realty by 21.6% in the fourth quarter. Green Alpha Advisors LLC now owns 56,926 shares of the real estate investment trust’s stock valued at $2,303,000 after buying an additional 10,126 shares during the period. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kilroy Realty

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

Wall Street Analyst Weigh In

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

Kilroy Realty Price Performance

KRC stock opened at $37.84 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.08 and a current ratio of 3.08. The business has a 50-day simple moving average of $39.94 and a two-hundred day simple moving average of $38.13. The company has a market capitalization of $4.47 billion, a P/E ratio of 22.66 and a beta of 1.02. Kilroy Realty Co. has a 52-week low of $30.71 and a 52-week 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.60). The company had revenue of $289.94 million for the quarter, compared to analysts’ expectations of $275.77 million. Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.12 EPS. Research analysts expect that Kilroy Realty Co. will post 4.41 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 31st were issued a $0.54 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.16 annualized dividend and a dividend yield of 5.71%. Kilroy Realty’s dividend payout ratio is currently 129.34%.

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.