Jane Street Group LLC Decreases Stake in Kilroy Realty Co. (NYSE:KRC)

Jane Street Group LLC lowered its position in shares of Kilroy Realty Co. (NYSE:KRC) by 72.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,299 shares of the real estate investment trust’s stock after selling 181,173 shares during the quarter. Jane Street Group LLC owned 0.06% of Kilroy Realty worth $2,682,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Waterfall Asset Management LLC bought a new stake in Kilroy Realty during the second quarter worth $1,309,000. CWA Asset Management Group LLC bought a new stake in shares of Kilroy Realty during the 3rd quarter worth $476,000. Edgestream Partners L.P. purchased a new position in shares of Kilroy Realty in the 2nd quarter worth about $1,178,000. International Assets Investment Management LLC grew its position in Kilroy Realty by 4,454.4% during the third quarter. International Assets Investment Management LLC now owns 13,390 shares of the real estate investment trust’s stock valued at $518,000 after buying an additional 13,096 shares during the period. Finally, Candriam S.C.A. purchased a new stake in Kilroy Realty during the second quarter worth about $2,730,000. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Insiders Place Their Bets

In other news, insider Heidi Rena Roth sold 12,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total transaction of $507,360.00. Following the completion of the transaction, the insider now owns 50,211 shares of the company’s stock, valued at approximately $2,122,921.08. The trade was a 19.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and increased their target price for the company from $45.00 to $49.00 in a research report on Friday. Barclays raised their target price on Kilroy Realty from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Scotiabank downgraded 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 note on Thursday, November 14th. Evercore ISI boosted their price objective on Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company cut their target price on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a research report on Wednesday, September 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Kilroy Realty presently has a consensus rating of “Hold” and an average target price of $40.63.

Kilroy Realty Trading Up 4.1 %

Shares of Kilroy Realty stock opened at $40.50 on Friday. The company’s 50-day moving average price is $40.74 and its 200-day moving average price is $36.93. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.89. Kilroy Realty Co. has a 12-month low of $30.71 and a 12-month high of $43.78. The company has a market cap of $4.78 billion, a price-to-earnings ratio of 24.25 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 firm had revenue of $289.94 million during the quarter, compared to analysts’ expectations of $275.77 million. Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.12 earnings per share. On average, equities analysts expect that Kilroy Realty Co. will post 4.41 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 31st will be paid a $0.54 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $2.16 dividend on an annualized basis and a yield of 5.33%. Kilroy Realty’s dividend payout ratio is currently 129.34%.

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.