Truist Financial Corp Trims Stake in Kilroy Realty Co. (NYSE:KRC)

Truist Financial Corp reduced its position in Kilroy Realty Co. (NYSE:KRC) by 12.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,505 shares of the real estate investment trust’s stock after selling 1,623 shares during the quarter. Truist Financial Corp’s holdings in Kilroy Realty were worth $346,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KRC. Nissay Asset Management Corp Japan ADV increased its position in shares of Kilroy Realty by 2.6% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 11,098 shares of the real estate investment trust’s stock worth $429,000 after acquiring an additional 278 shares during the period. Ameritas Investment Partners Inc. increased its position in shares of Kilroy Realty by 1.1% during the first quarter. Ameritas Investment Partners Inc. now owns 28,061 shares of the real estate investment trust’s stock worth $2,144,000 after acquiring an additional 298 shares during the period. Lindbrook Capital LLC increased its position in shares of Kilroy Realty by 48.7% during the second quarter. Lindbrook Capital LLC now owns 956 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 313 shares during the period. LPL Financial LLC increased its position in shares of Kilroy Realty by 7.6% during the second quarter. LPL Financial LLC now owns 4,957 shares of the real estate investment trust’s stock worth $259,000 after acquiring an additional 349 shares during the period. Finally, M&T Bank Corp increased its position in shares of Kilroy Realty by 2.9% during the third quarter. M&T Bank Corp now owns 12,777 shares of the real estate investment trust’s stock worth $537,000 after acquiring an additional 359 shares during the period. 94.22% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Heidi Rena Roth sold 4,300 shares of the firm’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $31.70, for a total transaction of $136,310.00. Following the completion of the transaction, the insider now owns 61,608 shares of the company’s stock, valued at $1,952,973.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.69% of the stock is currently owned by corporate insiders.

Kilroy Realty Price Performance

Shares of KRC opened at $28.53 on Friday. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 0.87. The company has a 50 day moving average of $31.63 and a two-hundred day moving average of $31.56. Kilroy Realty Co. has a twelve month low of $25.99 and a twelve month high of $45.03. The company has a market cap of $3.34 billion, a price-to-earnings ratio of 15.42, a price-to-earnings-growth ratio of 5.48 and a beta of 0.96.

Kilroy Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 11th. Investors of record on Friday, September 29th were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $2.16 annualized dividend and a dividend yield of 7.57%. Kilroy Realty’s dividend payout ratio (DPR) is presently 116.76%.

Analyst Ratings Changes

A number of brokerages have recently commented on KRC. Wells Fargo & Company raised their target price on shares of Kilroy Realty from $36.00 to $39.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 30th. KeyCorp initiated coverage on shares of Kilroy Realty in a research note on Monday, September 11th. They set an “overweight” rating and a $47.00 price objective on the stock. Citigroup increased their price objective on shares of Kilroy Realty from $29.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, August 10th. Bank of America downgraded shares of Kilroy Realty from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 8th. Finally, StockNews.com initiated coverage on shares of Kilroy Realty in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.82.

Kilroy Realty 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.