The Manufacturers Life Insurance Company Trims Stock Position in Kilroy Realty Co. (NYSE:KRC)

The Manufacturers Life Insurance Company decreased its stake in shares of Kilroy Realty Co. (NYSE:KRC) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,141 shares of the real estate investment trust’s stock after selling 1,527 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.08% of Kilroy Realty worth $2,903,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of KRC. Janus Henderson Group PLC grew its holdings in shares of Kilroy Realty by 2,767.7% during the 1st quarter. Janus Henderson Group PLC now owns 1,648,027 shares of the real estate investment trust’s stock worth $59,991,000 after acquiring an additional 1,590,558 shares during the period. PGGM Investments grew its stake in Kilroy Realty by 85.0% in the second quarter. PGGM Investments now owns 3,015,046 shares of the real estate investment trust’s stock worth $93,979,000 after purchasing an additional 1,385,692 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Kilroy Realty by 18.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,162,748 shares of the real estate investment trust’s stock worth $115,220,000 after purchasing an additional 487,556 shares in the last quarter. Sei Investments Co. lifted its position in Kilroy Realty by 139.4% during the first quarter. Sei Investments Co. now owns 693,552 shares of the real estate investment trust’s stock valued at $25,266,000 after buying an additional 403,807 shares during the period. Finally, BROOKFIELD Corp ON bought a new stake in shares of Kilroy Realty during the 1st quarter valued at $13,179,000. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Kilroy Realty Stock Down 0.5 %

KRC stock opened at $37.57 on Wednesday. The stock has a market capitalization of $4.41 billion, a P/E ratio of 21.59 and a beta of 1.04. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.61 and a quick ratio of 3.61. Kilroy Realty Co. has a 1-year low of $26.78 and a 1-year high of $43.37. The business has a fifty day moving average price of $36.12 and a 200-day moving average price of $34.48.

Kilroy Realty (NYSE:KRC) last issued its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.67). The business had revenue of $280.73 million during the quarter, compared to analysts’ expectations of $276.81 million. Kilroy Realty had a return on equity of 3.52% and a net margin of 17.91%. Kilroy Realty’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the firm posted $1.19 EPS. Equities analysts forecast that Kilroy Realty Co. will post 4.25 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Monday, September 30th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 5.75%. The ex-dividend date is Monday, September 30th. Kilroy Realty’s dividend payout ratio is currently 124.14%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on KRC shares. KeyCorp lowered their price target on shares of Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating for the company in a research report on Tuesday, July 2nd. Evercore ISI lifted their target price on shares of Kilroy Realty from $38.00 to $40.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Scotiabank cut their price target on 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. Finally, 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. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Kilroy Realty has a consensus rating of “Hold” and a consensus target price of $38.40.

Insiders Place Their Bets

In other news, EVP John Osmond sold 2,628 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total transaction of $105,120.00. Following the transaction, the executive vice president now directly owns 8,818 shares of the company’s stock, valued at $352,720. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total value of $117,420.00. Following 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John Osmond sold 2,628 shares of the business’s 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 owns 8,818 shares of the company’s stock, valued at approximately $352,720. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.49% of the stock is currently owned by 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.