JPMorgan Chase & Co. Sells 47,039 Shares of Kilroy Realty Co. (NYSE:KRC)

JPMorgan Chase & Co. lowered its position in shares of Kilroy Realty Co. (NYSE:KRC) by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,242,802 shares of the real estate investment trust’s stock after selling 47,039 shares during the period. JPMorgan Chase & Co. owned 1.05% of Kilroy Realty worth $50,271,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Prudential Financial Inc. increased its position in Kilroy Realty by 12.9% during the 4th quarter. Prudential Financial Inc. now owns 1,645,915 shares of the real estate investment trust’s stock worth $63,862,000 after buying an additional 187,712 shares during the period. LPL Financial LLC grew its stake in shares of Kilroy Realty by 24.3% in the fourth quarter. LPL Financial LLC now owns 52,746 shares of the real estate investment trust’s stock valued at $2,134,000 after acquiring an additional 10,328 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Kilroy Realty during the fourth quarter worth about $1,235,000. Sei Investments Co. boosted its holdings in Kilroy Realty by 0.9% in the 4th quarter. Sei Investments Co. now owns 664,695 shares of the real estate investment trust’s stock valued at $26,887,000 after purchasing an additional 5,915 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Kilroy Realty by 40.7% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 61,541 shares of the real estate investment trust’s stock worth $2,489,000 after purchasing an additional 17,811 shares in the last quarter. 94.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on KRC. The Goldman Sachs Group reiterated a “neutral” rating and issued a $36.00 price target (down from $42.00) on shares of Kilroy Realty in a research report on Friday, March 28th. Evercore ISI dropped their price objective on Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a report on Wednesday, February 12th. Barclays raised Kilroy Realty from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $42.00 to $44.00 in a report on Thursday, February 27th. Jefferies Financial Group assumed coverage on Kilroy Realty in a research note on Monday, March 17th. They issued a “hold” rating and a $34.00 price target for the company. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Kilroy Realty from $49.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $38.82.

Kilroy Realty Stock Down 1.8 %

Shares of NYSE:KRC opened at $30.01 on Friday. Kilroy Realty Co. has a 52-week low of $28.54 and a 52-week high of $43.78. The company has a market capitalization of $3.55 billion, a PE ratio of 16.96 and a beta of 1.04. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21. The company has a fifty day moving average of $34.76 and a 200-day moving average of $38.12.

Kilroy Realty (NYSE:KRC) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 EPS for the quarter, beating the consensus estimate of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. On average, equities analysts predict that Kilroy Realty Co. will post 4 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 7.20%. The ex-dividend date is Monday, March 31st. Kilroy Realty’s dividend payout ratio (DPR) is currently 122.03%.

Insider Activity

In other Kilroy Realty news, insider A. Robert Paratte sold 6,000 shares of the stock in a transaction that occurred 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 approximately $3,013,486.56. This represents a 6.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John Osmond sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $35.16, for a total transaction of $140,640.00. Following the completion of the transaction, the executive vice president now owns 12,528 shares in the company, valued at $440,484.48. This trade represents a 24.20 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.49% of the company’s stock.

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.