Kilroy Realty Co. (NYSE:KRC) Position Trimmed by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its holdings in Kilroy Realty Co. (NYSE:KRC) by 4.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 89,174 shares of the real estate investment trust’s stock after selling 3,967 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.08% of Kilroy Realty worth $3,451,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. UMB Bank n.a. raised its stake in Kilroy Realty by 126.5% during the third quarter. UMB Bank n.a. now owns 967 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 540 shares during the period. Blue Trust Inc. boosted its stake in Kilroy Realty by 1,322.9% in the second quarter. Blue Trust Inc. now owns 1,366 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 1,270 shares during the period. Headlands Technologies LLC bought a new position in shares of Kilroy Realty during the second quarter valued at approximately $46,000. Quarry LP acquired a new stake in shares of Kilroy Realty during the 2nd quarter worth approximately $55,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Kilroy Realty by 33.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 371 shares during the last quarter. 94.22% of the stock is owned by institutional investors and hedge funds.

Kilroy Realty Price Performance

Shares of NYSE KRC opened at $40.19 on Friday. The stock has a market cap of $4.74 billion, a P/E ratio of 24.07 and a beta of 1.03. The firm’s 50-day simple moving average is $40.19 and its 200 day simple moving average is $36.37. Kilroy Realty Co. has a fifty-two week low of $30.71 and a fifty-two week high of $43.78. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.89.

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

Kilroy Realty Announces Dividend

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

Insider Activity at Kilroy Realty

In other news, insider Heidi Rena Roth sold 12,000 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.28, for a total value of $507,360.00. Following the transaction, the insider now directly owns 50,211 shares of the company’s stock, valued at approximately $2,122,921.08. This represents a 19.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 value of $117,420.00. Following the sale, the chief accounting officer now owns 26,401 shares of the company’s stock, valued at approximately $1,033,335.14. This represents a 10.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,628 shares of company stock worth $729,900. 2.49% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

KRC has been the subject of a number of recent research reports. Wells Fargo & Company lowered their price objective on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, September 11th. Barclays upped their price target on shares of Kilroy Realty from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Evercore ISI lifted their price objective on shares of Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Finally, Scotiabank cut shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 target price for the company. in a research report on Thursday, November 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Kilroy Realty currently has a consensus rating of “Hold” and an average target price of $39.43.

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.