Kilroy Realty Co. (NYSE:KRC) Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. reduced its stake in shares of Kilroy Realty Co. (NYSE:KRC) by 17.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 6,128 shares of the real estate investment trust’s stock after selling 1,305 shares during the period. Landscape Capital Management L.L.C.’s holdings in Kilroy Realty were worth $237,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KRC. UMB Bank n.a. grew its position in Kilroy Realty by 126.5% during the 3rd quarter. UMB Bank n.a. now owns 967 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 540 shares during the period. Blue Trust Inc. grew its position in Kilroy Realty by 1,322.9% during the 2nd quarter. Blue Trust Inc. now owns 1,366 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 1,270 shares during the period. Versant Capital Management Inc grew its position in Kilroy Realty by 2,510.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,462 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,406 shares during the period. Headlands Technologies LLC acquired a new stake in Kilroy Realty during the 2nd quarter worth about $46,000. Finally, Quarry LP acquired a new stake in Kilroy Realty during the 2nd quarter worth about $55,000. 94.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on KRC. Barclays increased their target price on shares of Kilroy Realty from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Wells Fargo & Company lowered their target price on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 11th. Evercore ISI increased their target price on shares of Kilroy Realty from $40.00 to $41.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Finally, Scotiabank lowered shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 target price on the stock. in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $39.43.

Kilroy Realty Trading Up 3.4 %

Shares of Kilroy Realty stock opened at $42.04 on Tuesday. The firm has a market capitalization of $4.96 billion, a PE ratio of 25.17 and a beta of 1.03. Kilroy Realty Co. has a twelve month low of $29.72 and a twelve month high of $43.78. The firm’s 50-day moving average price is $39.80 and its 200 day moving average price is $35.91. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.89.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.60). The company had revenue of $289.94 million during the quarter, compared to analysts’ expectations of $275.77 million. Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.12 earnings per share. On average, sell-side analysts predict that Kilroy Realty Co. will post 4.41 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th were issued a $0.54 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.16 dividend on an annualized basis and a yield of 5.14%. Kilroy Realty’s payout ratio is 129.34%.

Insider Buying and Selling at Kilroy Realty

In other Kilroy Realty news, EVP John Osmond sold 2,628 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total value of $105,120.00. Following the completion of the sale, the executive vice president now owns 8,818 shares in the company, valued at approximately $352,720. This represents a 22.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total transaction of $117,420.00. Following the sale, the chief accounting officer now owns 26,401 shares of the company’s stock, valued at $1,033,335.14. This represents a 10.20 % decrease in their position. The disclosure for this sale can be found here. 2.49% 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, Greater Seattle and Austin. The company has earned global recognition for sustainability, building operations, innovation and design.