Rhumbline Advisers Sells 4,107 Shares of Kilroy Realty Co. (NYSE:KRC)

Rhumbline Advisers lessened its position in shares of Kilroy Realty Co. (NYSE:KRC) by 1.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 321,665 shares of the real estate investment trust’s stock after selling 4,107 shares during the period. Rhumbline Advisers’ holdings in Kilroy Realty were worth $10,538,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Summit Securities Group LLC bought a new stake in Kilroy Realty during the 4th quarter worth approximately $49,000. GF Fund Management CO. LTD. bought a new position in shares of Kilroy Realty in the 4th quarter worth $82,000. FIL Ltd increased its holdings in shares of Kilroy Realty by 52.4% in the 4th quarter. FIL Ltd now owns 3,442 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 1,184 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Kilroy Realty by 7.8% in the 1st quarter. Parallel Advisors LLC now owns 5,539 shares of the real estate investment trust’s stock worth $181,000 after buying an additional 401 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of Kilroy Realty by 67.4% in the 4th quarter. Venturi Wealth Management LLC now owns 4,875 shares of the real estate investment trust’s stock worth $197,000 after buying an additional 1,963 shares during the last quarter. Institutional investors own 94.22% of the company’s stock.

Insider Buying and Selling at Kilroy Realty

In other Kilroy Realty news, insider A. Robert Paratte sold 6,000 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $34.74, for a total transaction of $208,440.00. Following the completion of the sale, the insider now owns 86,744 shares of the company’s stock, valued at $3,013,486.56. This represents a 6.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John Osmond sold 4,000 shares of the stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $35.16, for a total transaction of $140,640.00. Following the sale, the executive vice president now directly owns 12,528 shares of the company’s stock, valued at $440,484.48. The trade was a 24.20% decrease in their position. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by corporate insiders.

Kilroy Realty Price Performance

Shares of Kilroy Realty stock opened at $34.99 on Tuesday. Kilroy Realty Co. has a 52-week low of $27.07 and a 52-week high of $43.78. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 19.77 and a beta of 1.18. The company has a fifty day moving average of $31.72 and a 200-day moving average of $35.45. 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 announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.01). Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. The business had revenue of $270.84 million during the quarter, compared to analysts’ expectations of $274.90 million. During the same period last year, the company posted $1.11 EPS. Kilroy Realty’s revenue for the quarter was down 2.8% on a year-over-year basis. Equities research analysts expect that Kilroy Realty Co. will post 4 EPS for the current year.

Kilroy Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Monday, June 30th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.16 annualized dividend and a yield of 6.17%. Kilroy Realty’s payout ratio is currently 128.57%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Royal Bank of Canada decreased their price target on shares of Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating on the stock in a report on Monday, March 10th. Evercore ISI decreased their price target 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. KeyCorp decreased their price target 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. JPMorgan Chase & Co. decreased their price target on shares of Kilroy Realty from $49.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. Finally, Barclays raised shares of Kilroy Realty from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $42.00 to $44.00 in a report on Thursday, February 27th. 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 company has an average rating of “Hold” and a consensus price target of $39.10.

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.