Kilroy Realty Co. (NYSE:KRC) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC trimmed its holdings in Kilroy Realty Co. (NYSE:KRC) by 14.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,178 shares of the real estate investment trust’s stock after selling 11,399 shares during the period. HighTower Advisors LLC owned about 0.06% of Kilroy Realty worth $2,839,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in KRC. Wilmington Savings Fund Society FSB bought a new stake in shares of Kilroy Realty in the 3rd quarter valued at approximately $34,000. GAMMA Investing LLC increased its holdings in shares of Kilroy Realty by 25.4% in 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 last quarter. Fifth Third Bancorp increased its holdings in shares of Kilroy Realty by 31.7% in the 4th quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust’s stock valued at $102,000 after acquiring an additional 607 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Kilroy Realty by 14.8% in the 4th quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 336 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of Kilroy Realty by 54.2% in the 4th quarter. KBC Group NV now owns 4,819 shares of the real estate investment trust’s stock valued at $195,000 after acquiring an additional 1,694 shares during the last quarter. 94.22% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Angela M. Aman acquired 2,797 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was acquired at an average price of $35.45 per share, for a total transaction of $99,153.65. Following the completion of the acquisition, the chief executive officer now directly owns 2,797 shares in the company, valued at $99,153.65. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on KRC shares. Evercore ISI lowered their price target on Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a report on Wednesday, February 12th. Jefferies Financial Group initiated coverage on Kilroy Realty in a research note on Monday, March 17th. They set a “hold” rating and a $34.00 price objective for the company. Barclays upgraded Kilroy Realty from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $42.00 to $44.00 in a research note on Thursday, February 27th. Royal Bank of Canada lowered their price objective on Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating for the company in a research note on Monday, March 10th. Finally, The Goldman Sachs Group lowered their price objective on Kilroy Realty from $48.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $40.09.

Kilroy Realty Trading Down 0.3 %

NYSE:KRC opened at $34.45 on Friday. Kilroy Realty Co. has a 1 year low of $30.71 and a 1 year high of $43.78. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 19.46 and a beta of 1.02. The business has a fifty day moving average of $35.76 and a 200-day moving average of $38.27. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. Equities analysts predict that Kilroy Realty Co. will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be issued a $0.54 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.16 annualized dividend and a dividend yield of 6.27%. Kilroy Realty’s dividend payout ratio (DPR) is 122.03%.

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.