Raymond James & Associates Cuts Holdings in Kilroy Realty Co. (NYSE:KRC)

Raymond James & Associates decreased its position in Kilroy Realty Co. (NYSE:KRC) by 68.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,289 shares of the real estate investment trust’s stock after selling 43,521 shares during the period. Raymond James & Associates’ holdings in Kilroy Realty were worth $610,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC increased its stake in shares of Kilroy Realty by 155.4% during the first quarter. CWM LLC now owns 1,060 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 645 shares in the last quarter. Allworth Financial LP grew its stake in Kilroy Realty by 618.0% during the 2nd quarter. Allworth Financial LP now owns 1,235 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 1,063 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Kilroy Realty by 2,747.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,310 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 1,264 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in Kilroy Realty during the 4th quarter valued at about $53,000. Finally, Captrust Financial Advisors purchased a new stake in Kilroy Realty during the 2nd quarter valued at about $59,000. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on KRC. Bank of America lowered shares of Kilroy Realty from a “buy” rating to a “neutral” rating in a report on Tuesday, August 8th. Mizuho decreased their price objective on shares of Kilroy Realty from $48.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, October 18th. The Goldman Sachs Group decreased their price objective on shares of Kilroy Realty from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, October 12th. StockNews.com assumed coverage on shares of Kilroy Realty in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Finally, Evercore ISI decreased their price objective on shares of Kilroy Realty from $43.00 to $39.00 in a report on Monday, October 9th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $39.82.

Kilroy Realty Stock Down 4.2 %

Shares of NYSE:KRC opened at $29.94 on Wednesday. The stock has a market cap of $3.51 billion, a P/E ratio of 16.18, a P/E/G ratio of 6.09 and a beta of 0.96. The firm has a fifty day moving average price of $32.13 and a 200 day moving average price of $31.58. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.57 and a quick ratio of 2.57. Kilroy Realty Co. has a 1-year low of $25.99 and a 1-year high of $45.03.

Kilroy Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 11th. Shareholders of record on Friday, September 29th were paid a dividend of $0.54 per share. The ex-dividend date was Thursday, September 28th. This represents a $2.16 annualized dividend and a yield of 7.21%. Kilroy Realty’s dividend payout ratio is currently 116.76%.

Insiders Place Their Bets

In other news, insider Heidi Rena Roth sold 4,300 shares of the company’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $31.70, for a total value of $136,310.00. Following the completion of the transaction, the insider now directly owns 61,608 shares in the company, valued at $1,952,973.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.95% of the stock is 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, the Pacific Northwest and Austin, Texas. The company has earned global recognition for sustainability, building operations, innovation and design.