Kilroy Realty Co. (NYSE:KRC) Position Cut by Cerity Partners LLC

Cerity Partners LLC lowered its holdings in shares of Kilroy Realty Co. (NYSE:KRC) by 91.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,932 shares of the real estate investment trust’s stock after selling 152,852 shares during the period. Cerity Partners LLC’s holdings in Kilroy Realty were worth $539,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position in shares of Kilroy Realty by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,171,717 shares of the real estate investment trust’s stock valued at $84,045,000 after purchasing an additional 27,660 shares during the period. Commerce Bank grew its holdings in Kilroy Realty by 3.0% during the third quarter. Commerce Bank now owns 11,574 shares of the real estate investment trust’s stock worth $448,000 after acquiring an additional 342 shares during the period. Pathstone Holdings LLC raised its position in Kilroy Realty by 3.0% in the third quarter. Pathstone Holdings LLC now owns 41,149 shares of the real estate investment trust’s stock worth $1,604,000 after acquiring an additional 1,186 shares in the last quarter. Metis Global Partners LLC lifted its holdings in Kilroy Realty by 29.7% in the 3rd quarter. Metis Global Partners LLC now owns 10,878 shares of the real estate investment trust’s stock valued at $421,000 after acquiring an additional 2,494 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Kilroy Realty by 585.2% during the 3rd quarter. Victory Capital Management Inc. now owns 830,311 shares of the real estate investment trust’s stock valued at $32,133,000 after purchasing an additional 709,126 shares in the last quarter. Institutional investors own 94.22% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KRC. 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. Barclays upped their price objective on shares of Kilroy Realty from $38.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Evercore ISI lifted their target price on shares of Kilroy Realty from $40.00 to $41.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Finally, Scotiabank downgraded shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price target for the company. in a research report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Kilroy Realty presently has a consensus rating of “Hold” and an average target price of $39.43.

Kilroy Realty Stock Performance

Kilroy Realty stock opened at $40.19 on Friday. Kilroy Realty Co. has a 1 year low of $30.71 and a 1 year high of $43.78. The company’s 50-day moving average is $40.19 and its two-hundred day moving average is $36.37. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.89. The company has a market cap of $4.74 billion, a PE ratio of 24.07 and a beta of 1.03.

Kilroy Realty (NYSE:KRC) last posted its 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 company had revenue of $289.94 million for the quarter, compared to analyst estimates of $275.77 million. Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. Kilroy Realty’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.12 earnings per share. Equities analysts anticipate that Kilroy Realty Co. will post 4.41 earnings per share for the current year.

Kilroy Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 31st will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date of this dividend is Tuesday, December 31st. Kilroy Realty’s dividend payout ratio is presently 129.34%.

Insider Buying and Selling at Kilroy Realty

In other Kilroy Realty news, insider Heidi Rena Roth sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total transaction of $507,360.00. Following the transaction, the insider now owns 50,211 shares of the company’s stock, valued at $2,122,921.08. The trade was a 19.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of Kilroy Realty stock in a transaction dated Wednesday, September 18th. The shares were 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 directly owns 26,401 shares of the company’s stock, valued at approximately $1,033,335.14. This trade represents a 10.20 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,628 shares of company stock worth $729,900. Corporate insiders own 2.49% 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.