JPMorgan Chase & Co. Reduces Holdings in Kilroy Realty Co. (NYSE:KRC)

JPMorgan Chase & Co. lessened its position in shares of Kilroy Realty Co. (NYSE:KRC) by 0.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,289,841 shares of the real estate investment trust’s stock after selling 7,845 shares during the quarter. JPMorgan Chase & Co. owned about 1.09% of Kilroy Realty worth $49,917,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB purchased a new stake in Kilroy Realty in the third quarter valued at $34,000. UMB Bank n.a. increased its position in shares of Kilroy Realty by 126.5% during the 3rd quarter. UMB Bank n.a. now owns 967 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 540 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Kilroy Realty in the 2nd quarter valued at about $46,000. Quarry LP acquired a new position in Kilroy Realty in the second quarter valued at about $55,000. Finally, GAMMA Investing LLC boosted its stake in Kilroy Realty by 33.6% during the third quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 371 shares during the period. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Kilroy Realty Price Performance

KRC stock opened at $40.63 on Friday. The business’s 50-day moving average is $40.61 and its two-hundred day moving average is $37.53. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 3.08. The firm has a market capitalization of $4.80 billion, a P/E ratio of 24.33 and a beta of 1.02. Kilroy Realty Co. has a 1 year low of $30.71 and a 1 year high of $43.78.

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

Kilroy Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 31st will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 5.32%. The ex-dividend date of this dividend is Tuesday, December 31st. Kilroy Realty’s dividend payout ratio (DPR) is presently 129.34%.

Analysts Set New Price Targets

KRC has been the topic of several recent analyst reports. Evercore ISI upped their price objective on shares of Kilroy Realty from $40.00 to $41.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Scotiabank cut Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price target on the stock. in a research note on Thursday, November 14th. JPMorgan Chase & Co. raised Kilroy Realty from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $45.00 to $49.00 in a research note on Friday, December 20th. Wells Fargo & Company decreased their target price on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 11th. Finally, Barclays lifted their target price on Kilroy Realty from $38.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.67.

Insider Activity at Kilroy Realty

In other news, insider Heidi Rena Roth sold 12,000 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total value of $507,360.00. Following the transaction, the insider now owns 50,211 shares in the company, valued at approximately $2,122,921.08. This represents a 19.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.49% of the stock is currently owned by corporate insiders.

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.