Kilroy Realty Co. (NYSE:KRC) Shares Sold by KBC Group NV

KBC Group NV reduced its position in shares of Kilroy Realty Co. (NYSE:KRCFree Report) by 48.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,361 shares of the real estate investment trust’s stock after selling 19,736 shares during the quarter. KBC Group NV’s holdings in Kilroy Realty were worth $851,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Principal Securities Inc. bought a new stake in shares of Kilroy Realty during the 4th quarter worth $33,000. Global Retirement Partners LLC boosted its position in shares of Kilroy Realty by 458.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,006 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 826 shares during the period. GAMMA Investing LLC purchased a new position in Kilroy Realty in the 4th quarter worth about $41,000. Covestor Ltd raised its holdings in Kilroy Realty by 23.8% during the 3rd quarter. Covestor Ltd now owns 1,933 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 372 shares during the period. Finally, Quest Partners LLC purchased a new stake in Kilroy Realty during the fourth quarter valued at about $87,000. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Kilroy Realty Stock Performance

KRC stock opened at $31.57 on Friday. The firm has a 50 day moving average of $33.65 and a two-hundred day moving average of $35.91. Kilroy Realty Co. has a 12 month low of $26.78 and a 12 month high of $43.37. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 18.14 and a beta of 1.03. The company has a quick ratio of 3.30, a current ratio of 3.30 and a debt-to-equity ratio of 0.91.

Kilroy Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 28th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 6.84%. The ex-dividend date of this dividend is Friday, June 28th. Kilroy Realty’s dividend payout ratio is presently 124.14%.

Wall Street Analyst Weigh In

KRC has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Kilroy Realty from $40.00 to $34.00 and set a “hold” rating on the stock in a research report on Thursday, May 30th. KeyCorp cut their target price on shares of Kilroy Realty from $47.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 28th. Barclays assumed coverage on Kilroy Realty in a research report on Wednesday, March 27th. They issued an “equal weight” rating and a $38.00 target price for the company. Finally, Royal Bank of Canada lowered Kilroy Realty from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $44.00 to $39.00 in a research report on Friday, March 8th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $38.45.

Read Our Latest Analysis on Kilroy Realty

Insiders Place Their Bets

In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 3,329 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $33.66, for a total value of $112,054.14. Following the completion of the sale, the chief accounting officer now owns 29,081 shares of the company’s stock, valued at $978,866.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider A. Robert Paratte sold 12,000 shares of Kilroy Realty stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $33.35, for a total value of $400,200.00. Following the transaction, the insider now owns 68,139 shares in the company, valued at approximately $2,272,435.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Merryl Elizabeth Werber sold 3,329 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $33.66, for a total transaction of $112,054.14. Following the sale, the chief accounting officer now owns 29,081 shares of the company’s stock, valued at $978,866.46. The disclosure for this sale can be found here. Company insiders own 2.49% of the company’s stock.

About Kilroy Realty

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for Kilroy Realty (NYSE:KRC)

Receive News & Ratings for Kilroy Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kilroy Realty and related companies with MarketBeat.com's FREE daily email newsletter.