US Bancorp DE Cuts Stock Position in Kilroy Realty Co. (NYSE:KRC)

US Bancorp DE trimmed its holdings in shares of Kilroy Realty Co. (NYSE:KRC) by 2.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,363 shares of the real estate investment trust’s stock after selling 277 shares during the period. US Bancorp DE’s holdings in Kilroy Realty were worth $362,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Wiser Advisor Group LLC grew its stake in shares of Kilroy Realty by 67.5% in the first quarter. Wiser Advisor Group LLC now owns 757 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 305 shares in the last quarter. UMB Bank n.a. grew its position in Kilroy Realty by 126.5% in the third quarter. UMB Bank n.a. now owns 967 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 540 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Kilroy Realty by 1,322.9% during the second quarter. Blue Trust Inc. now owns 1,366 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 1,270 shares during the period. Versant Capital Management Inc lifted its position in shares of Kilroy Realty by 2,510.7% during the second quarter. Versant Capital Management Inc now owns 1,462 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,406 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Kilroy Realty during the second quarter worth $46,000. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Kilroy Realty Trading Down 3.7 %

Shares of NYSE KRC opened at $39.81 on Wednesday. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.89. The stock’s 50 day moving average price is $39.04 and its two-hundred day moving average price is $35.56. Kilroy Realty Co. has a 52-week low of $27.39 and a 52-week high of $43.78. The stock has a market capitalization of $4.70 billion, a P/E ratio of 23.84 and a beta of 1.03.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.60). The firm had revenue of $289.94 million for the quarter, compared to analyst estimates of $275.77 million. Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. The business’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.12 earnings per share. On average, analysts anticipate that Kilroy Realty Co. will post 4.41 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Monday, September 30th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.43%. The ex-dividend date of this dividend was Monday, September 30th. Kilroy Realty’s dividend payout ratio is presently 129.34%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Scotiabank dropped their price target on shares of Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. Barclays boosted their price target on Kilroy Realty from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Evercore ISI raised their price objective on Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company cut their target price on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 11th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Kilroy Realty currently has an average rating of “Hold” and an average price target of $39.43.

Insider Buying and Selling

In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 3,000 shares of Kilroy Realty stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total value of $117,420.00. Following the completion of the transaction, the chief accounting officer now directly owns 26,401 shares in the company, valued at $1,033,335.14. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP John Osmond sold 2,628 shares of Kilroy Realty stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total value of $105,120.00. Following the sale, the executive vice president now directly owns 8,818 shares in the company, valued at $352,720. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total transaction of $117,420.00. Following the completion of the transaction, the chief accounting officer now owns 26,401 shares of the company’s stock, valued at approximately $1,033,335.14. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.49% of the stock is 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.