Mirae Asset Global Investments Co. Ltd. Decreases Holdings in Kilroy Realty Co. (NYSE:KRC)

Mirae Asset Global Investments Co. Ltd. trimmed its holdings in Kilroy Realty Co. (NYSE:KRC) by 33.4% in the fourth quarter, HoldingsChannel reports. The fund owned 4,190 shares of the real estate investment trust’s stock after selling 2,098 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Kilroy Realty were worth $172,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. CWA Asset Management Group LLC bought a new stake in Kilroy Realty in the third quarter worth $476,000. Vestcor Inc increased its holdings 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 buying an additional 25,492 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Kilroy Realty by 4,454.4% in 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 buying an additional 13,096 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Kilroy Realty by 1.3% in the 3rd 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 acquiring an additional 27,660 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in 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 acquiring an additional 374 shares during the period. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KRC. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $44.00 price target on shares of Kilroy Realty in a research note on Monday. Barclays decreased their target price on shares of Kilroy Realty from $43.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. Evercore ISI dropped 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 report on Wednesday. JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $45.00 to $49.00 in a research report on Friday, December 20th. Finally, Mizuho reaffirmed a “neutral” rating and set a $43.00 price objective (down from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $41.20.

Kilroy Realty Stock Up 1.1 %

Shares of Kilroy Realty stock opened at $35.41 on Friday. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.89. Kilroy Realty Co. has a 12-month low of $30.71 and a 12-month high of $43.78. The company has a market cap of $4.18 billion, a P/E ratio of 21.20 and a beta of 1.02. The company’s fifty day simple moving average is $39.10 and its two-hundred day simple moving average is $38.44.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.17. Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. Research analysts anticipate that Kilroy Realty Co. will post 4.41 EPS for the current year.

Kilroy Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 31st were given a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 6.10%. The ex-dividend date was Tuesday, December 31st. Kilroy Realty’s dividend payout ratio is currently 122.03%.

Insider Activity

In related 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 transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.49% of the stock is currently owned by company insiders.

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.