Handelsinvest Investeringsforvaltning Lowers Stock Position in Kilroy Realty Co. (NYSE:KRC)

Handelsinvest Investeringsforvaltning lessened its holdings in Kilroy Realty Co. (NYSE:KRC) by 34.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,532 shares of the real estate investment trust’s stock after selling 4,429 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in Kilroy Realty were worth $311,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of KRC. Norges Bank acquired a new stake in shares of Kilroy Realty during the 4th quarter valued at approximately $360,831,000. Rush Island Management LP acquired a new stake in shares of Kilroy Realty during the 3rd quarter valued at approximately $35,572,000. Wellington Management Group LLP acquired a new stake in shares of Kilroy Realty during the 3rd quarter valued at approximately $25,093,000. Senvest Management LLC lifted its position in shares of Kilroy Realty by 21.4% during the 4th quarter. Senvest Management LLC now owns 3,595,212 shares of the real estate investment trust’s stock valued at $143,233,000 after acquiring an additional 634,136 shares during the period. Finally, Schroder Investment Management Group lifted its position in shares of Kilroy Realty by 265.6% during the 4th quarter. Schroder Investment Management Group now owns 482,536 shares of the real estate investment trust’s stock valued at $19,224,000 after acquiring an additional 350,546 shares during the period. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kilroy Realty

In other news, insider A. Robert Paratte sold 12,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $33.35, for a total transaction of $400,200.00. Following the completion of the sale, the insider now directly owns 68,139 shares of the company’s stock, valued at approximately $2,272,435.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Merryl Elizabeth Werber sold 3,329 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $33.66, for a total transaction of $112,054.14. Following the completion of the sale, the chief accounting officer now directly owns 29,081 shares of the company’s stock, valued at approximately $978,866.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider A. Robert Paratte sold 12,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $33.35, for a total transaction of $400,200.00. Following the sale, the insider now directly owns 68,139 shares of the company’s stock, valued at $2,272,435.65. The disclosure for this sale can be found here. 2.49% of the stock is currently owned by insiders.

Analyst Ratings Changes

KRC has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Kilroy Realty from $40.00 to $34.00 and set a “hold” rating for the company in a research report on Thursday, May 30th. KeyCorp cut their price objective on Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating for the company in a research report on Tuesday. Barclays started coverage on Kilroy Realty in a research report on Wednesday, March 27th. They set an “equal weight” rating and a $38.00 price objective for the company. Finally, Royal Bank of Canada downgraded Kilroy Realty from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $44.00 to $39.00 in a research report on Friday, March 8th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $38.20.

Kilroy Realty Trading Up 1.7 %

Shares of KRC opened at $32.38 on Thursday. The stock has a fifty day moving average of $32.87 and a two-hundred day moving average of $35.42. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.30 and a current ratio of 3.30. The company has a market capitalization of $3.80 billion, a PE ratio of 18.61 and a beta of 1.04. Kilroy Realty Co. has a fifty-two week low of $26.78 and a fifty-two week high of $43.37.

Kilroy Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 28th will be issued a $0.54 dividend. The ex-dividend date is Friday, June 28th. This represents a $2.16 annualized dividend and a yield of 6.67%. Kilroy Realty’s dividend payout ratio (DPR) is presently 124.14%.

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.