Mutual of America Capital Management LLC Sells 4,055 Shares of Kilroy Realty Co. (NYSE:KRC)

Mutual of America Capital Management LLC lessened its stake in Kilroy Realty Co. (NYSE:KRC) by 6.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,098 shares of the real estate investment trust’s stock after selling 4,055 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Kilroy Realty were worth $2,210,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. PGGM Investments grew its holdings in shares of 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 valued at $93,979,000 after acquiring an additional 1,385,692 shares in the last quarter. Swedbank AB bought a new stake in shares of Kilroy Realty during the 1st quarter worth $5,811,000. Waterfall Asset Management LLC purchased a new position in shares of Kilroy Realty in the 2nd quarter worth about $1,309,000. Price T Rowe Associates Inc. MD grew its position in Kilroy Realty by 18.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,162,748 shares of the real estate investment trust’s stock valued at $115,220,000 after buying an additional 487,556 shares during the period. Finally, CWA Asset Management Group LLC bought a new stake in Kilroy Realty in the third quarter worth about $476,000. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Kilroy Realty Trading Up 2.3 %

Shares of KRC opened at $40.65 on Monday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.08 and a current ratio of 3.08. The firm has a market cap of $4.80 billion, a price-to-earnings ratio of 24.34 and a beta of 1.03. The firm has a 50 day moving average price of $39.80 and a 200-day moving average price of $35.89. Kilroy Realty Co. has a fifty-two week low of $29.72 and a fifty-two week high of $43.78.

Kilroy Realty (NYSE:KRC) last announced 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). Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. The company had revenue of $289.94 million during the quarter, compared to analysts’ expectations of $275.77 million. During the same period last year, the firm earned $1.12 earnings per share. Kilroy Realty’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, equities research analysts forecast that Kilroy Realty Co. will post 4.41 earnings per share for the current year.

Kilroy Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Monday, September 30th were paid a $0.54 dividend. The ex-dividend date was Monday, September 30th. This represents a $2.16 annualized dividend and a dividend yield of 5.31%. Kilroy Realty’s payout ratio is presently 129.34%.

Insider Activity at Kilroy Realty

In other 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 transaction 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. The trade was a 22.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of the 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 directly owns 26,401 shares of the company’s stock, valued at approximately $1,033,335.14. The trade was a 10.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.49% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

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.