BNP Paribas Financial Markets Has $2.88 Million Position in Kilroy Realty Co. (NYSE:KRC)

BNP Paribas Financial Markets cut its position in Kilroy Realty Co. (NYSE:KRC) by 36.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 71,154 shares of the real estate investment trust’s stock after selling 40,108 shares during the period. BNP Paribas Financial Markets owned about 0.06% of Kilroy Realty worth $2,878,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new stake in Kilroy Realty in the fourth quarter worth $366,356,000. Principal Financial Group Inc. raised its holdings in Kilroy Realty by 4.7% in the fourth quarter. Principal Financial Group Inc. now owns 4,862,310 shares of the real estate investment trust’s stock worth $196,680,000 after purchasing an additional 218,163 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Kilroy Realty by 6.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,265,387 shares of the real estate investment trust’s stock worth $132,087,000 after purchasing an additional 193,291 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in Kilroy Realty by 29.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,003,920 shares of the real estate investment trust’s stock worth $121,509,000 after purchasing an additional 680,870 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Kilroy Realty by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,200,616 shares of the real estate investment trust’s stock worth $89,015,000 after purchasing an additional 28,899 shares during the period. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Kilroy Realty Stock Up 2.8%

Kilroy Realty stock opened at $32.41 on Friday. The company has a market cap of $3.83 billion, a P/E ratio of 18.31 and a beta of 1.16. Kilroy Realty Co. has a 1-year low of $27.07 and a 1-year high of $43.78. The company has a fifty day simple moving average of $32.08 and a 200 day simple moving average of $36.31. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82.

Kilroy Realty (NYSE:KRC) last released its earnings results on Monday, May 5th. The real estate investment trust reported $1.02 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.01). The business had revenue of $270.84 million during the quarter, compared to the consensus estimate of $274.90 million. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period last year, the business posted $1.11 EPS. Research analysts anticipate that Kilroy Realty Co. will post 4 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st were given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.66%. The ex-dividend date of this dividend was Monday, March 31st. Kilroy Realty’s dividend payout ratio (DPR) is presently 128.57%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Wells Fargo & Company lowered shares of Kilroy Realty from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $43.00 to $35.00 in a report on Monday, March 10th. Barclays upgraded shares of Kilroy Realty from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $42.00 to $44.00 in a report on Thursday, February 27th. The Goldman Sachs Group restated a “neutral” rating and set a $36.00 price objective (down from $42.00) on shares of Kilroy Realty in a report on Friday, March 28th. Evercore ISI dropped their price objective on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating on the stock in a report on Wednesday, February 12th. Finally, KeyCorp dropped their price objective on shares of Kilroy Realty from $45.00 to $41.00 and set an “overweight” rating on the stock in a report on Monday, March 31st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Kilroy Realty has an average rating of “Hold” and a consensus price target of $38.82.

Insider Activity

In other news, EVP John Osmond sold 4,000 shares of Kilroy Realty stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $35.16, for a total value of $140,640.00. Following the completion of the transaction, the executive vice president now owns 12,528 shares of the company’s stock, valued at $440,484.48. This trade represents a 24.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Angela M. Aman acquired 2,797 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was purchased at an average cost of $35.45 per share, with a total value of $99,153.65. Following the transaction, the chief executive officer now owns 2,797 shares in the company, valued at approximately $99,153.65. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.57% of the company’s stock.

About Kilroy Realty

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.