Cetera Investment Advisers Sells 1,650 Shares of Kilroy Realty Corporation $KRC

Cetera Investment Advisers cut its stake in Kilroy Realty Corporation (NYSE:KRC) by 11.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,180 shares of the real estate investment trust’s stock after selling 1,650 shares during the period. Cetera Investment Advisers’ holdings in Kilroy Realty were worth $399,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in KRC. Resolution Capital Ltd increased its position in Kilroy Realty by 12.6% during the 4th quarter. Resolution Capital Ltd now owns 4,487,655 shares of the real estate investment trust’s stock valued at $181,526,000 after purchasing an additional 500,635 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Kilroy Realty by 6.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,265,387 shares of the real estate investment trust’s stock valued at $132,087,000 after purchasing an additional 193,291 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in Kilroy Realty by 29.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,003,920 shares of the real estate investment trust’s stock valued at $121,509,000 after buying an additional 680,870 shares during the period. Rush Island Management LP bought a new position in Kilroy Realty in the fourth quarter worth approximately $109,502,000. Finally, Northern Trust Corp raised its stake in Kilroy Realty by 107.5% in the fourth quarter. Northern Trust Corp now owns 2,096,471 shares of the real estate investment trust’s stock worth $84,802,000 after buying an additional 1,085,914 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors.

Kilroy Realty Stock Performance

Shares of Kilroy Realty stock opened at $38.20 on Tuesday. The firm has a market capitalization of $4.52 billion, a P/E ratio of 20.76 and a beta of 1.22. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.82. The company has a 50 day moving average price of $36.40 and a 200 day moving average price of $34.20. Kilroy Realty Corporation has a 52 week low of $27.07 and a 52 week high of $43.78.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.13 EPS for the quarter, beating the consensus estimate of $1.01 by $0.12. The firm had revenue of $289.89 million during the quarter, compared to analyst estimates of $268.84 million. Kilroy Realty had a net margin of 19.29% and a return on equity of 3.92%. Kilroy Realty’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the firm posted $1.10 EPS. Sell-side analysts expect that Kilroy Realty Corporation will post 4 EPS for the current year.

Insider Activity at Kilroy Realty

In related news, EVP Eliott Trencher sold 3,997 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $38.05, for a total value of $152,085.85. Following the completion of the transaction, the executive vice president directly owned 43,826 shares of the company’s stock, valued at $1,667,579.30. This trade represents a 8.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $38.28, for a total value of $239,250.00. Following the completion of the sale, the chief accounting officer owned 26,435 shares in the company, valued at approximately $1,011,931.80. This represents a 19.12% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.49% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on KRC shares. JPMorgan Chase & Co. cut their price target on Kilroy Realty from $42.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, July 2nd. Royal Bank Of Canada raised their price objective on Kilroy Realty from $39.00 to $40.00 and gave the company a “sector perform” rating in a research report on Thursday, August 7th. Mizuho reduced their target price on shares of Kilroy Realty from $43.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, July 14th. BMO Capital Markets downgraded shares of Kilroy Realty from a “market perform” rating to an “underperform” rating and set a $35.00 target price for the company. in a report on Wednesday, July 16th. Finally, Scotiabank reduced their target price on shares of Kilroy Realty from $38.00 to $37.00 and set a “sector underperform” rating for the company in a report on Monday, July 14th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Kilroy Realty currently has a consensus rating of “Hold” and a consensus target price of $37.91.

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.