Avantax Advisory Services Inc. Trims Stock Holdings in Kilroy Realty Co. (NYSE:KRC)

Avantax Advisory Services Inc. cut its stake in Kilroy Realty Co. (NYSE:KRC) by 18.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,631 shares of the real estate investment trust’s stock after selling 3,181 shares during the period. Avantax Advisory Services Inc.’s holdings in Kilroy Realty were worth $551,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in KRC. Wilmington Savings Fund Society FSB purchased a new position in shares of Kilroy Realty during the third quarter valued at $34,000. GAMMA Investing LLC increased its position in Kilroy Realty by 25.4% during the 4th quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust’s stock valued at $75,000 after purchasing an additional 374 shares during the period. Fifth Third Bancorp raised its holdings in shares of Kilroy Realty by 31.7% in the 4th quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust’s stock valued at $102,000 after purchasing an additional 607 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Kilroy Realty by 14.8% in the 4th quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust’s stock worth $105,000 after purchasing an additional 336 shares during the period. Finally, KBC Group NV boosted its stake in shares of Kilroy Realty by 54.2% during the fourth quarter. KBC Group NV now owns 4,819 shares of the real estate investment trust’s stock valued at $195,000 after purchasing an additional 1,694 shares in the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Insider Activity

In related news, CEO Angela M. Aman acquired 2,797 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were purchased at an average cost of $35.45 per share, for a total transaction of $99,153.65. Following the acquisition, the chief executive officer now owns 2,797 shares in the company, valued at $99,153.65. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.49% of the company’s stock.

Kilroy Realty Stock Down 0.3 %

KRC stock opened at $34.45 on Friday. Kilroy Realty Co. has a 52 week low of $30.71 and a 52 week high of $43.78. The firm has a 50-day simple moving average of $35.76 and a 200-day simple moving average of $38.30. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $4.07 billion, a P/E ratio of 19.46 and a beta of 1.02.

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

Kilroy Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 6.27%. The ex-dividend date of this dividend is Monday, March 31st. Kilroy Realty’s payout ratio is currently 122.03%.

Wall Street Analyst Weigh In

KRC has been the subject of a number of analyst reports. The Goldman Sachs Group decreased their price objective on Kilroy Realty from $48.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Mizuho restated a “neutral” rating and set a $43.00 price objective (down previously from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. JPMorgan Chase & Co. upgraded Kilroy Realty from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $45.00 to $49.00 in a research note on Friday, December 20th. Barclays upgraded Kilroy Realty from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $42.00 to $44.00 in a research report on Thursday, February 27th. Finally, Wells Fargo & Company downgraded shares of Kilroy Realty from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $43.00 to $35.00 in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, Kilroy Realty presently has a consensus rating of “Hold” and a consensus target price of $40.09.

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.