Kilroy Realty Co. (NYSE:KRC) Shares Sold by Swiss National Bank

Swiss National Bank decreased its stake in Kilroy Realty Co. (NYSE:KRC) by 0.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 217,711 shares of the real estate investment trust’s stock after selling 1,700 shares during the period. Swiss National Bank’s holdings in Kilroy Realty were worth $8,425,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its stake in Kilroy Realty by 18.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,162,748 shares of the real estate investment trust’s stock worth $115,220,000 after purchasing an additional 487,556 shares during the period. PGGM Investments raised its position in Kilroy Realty by 85.0% during the 2nd quarter. PGGM Investments now owns 3,015,046 shares of the real estate investment trust’s stock worth $93,979,000 after buying an additional 1,385,692 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Kilroy Realty by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,720,268 shares of the real estate investment trust’s stock worth $53,622,000 after buying an additional 42,811 shares during the last quarter. Janus Henderson Group PLC raised its position in Kilroy Realty by 2,767.7% during the 1st quarter. Janus Henderson Group PLC now owns 1,648,027 shares of the real estate investment trust’s stock worth $59,991,000 after buying an additional 1,590,558 shares during the last quarter. Finally, Federated Hermes Inc. raised its position in Kilroy Realty by 3.8% during the 2nd quarter. Federated Hermes Inc. now owns 1,374,826 shares of the real estate investment trust’s stock worth $42,853,000 after buying an additional 50,619 shares during the last quarter. Institutional investors and hedge funds own 94.22% of the company’s stock.

Analyst Upgrades and Downgrades

KRC has been the subject of a number of analyst reports. Wells Fargo & Company cut their price objective on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a research report on Wednesday, September 11th. Evercore ISI upped their price objective on shares of Kilroy Realty from $40.00 to $41.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Scotiabank downgraded shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price objective for the company. in a research report on Thursday, November 14th. Finally, Barclays upped their price objective on shares of Kilroy Realty from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. 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 company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $39.43.

Insider Transactions at Kilroy Realty

In other news, CAO Merryl Elizabeth Werber sold 3,000 shares of Kilroy Realty stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $39.14, for a total transaction of $117,420.00. Following the completion of the sale, the chief accounting officer now directly owns 26,401 shares in the company, valued at $1,033,335.14. The trade was a 10.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John Osmond sold 2,628 shares of Kilroy Realty stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total transaction of $105,120.00. Following the sale, the executive vice president now owns 8,818 shares of the company’s stock, valued at approximately $352,720. This trade represents a 22.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.49% of the company’s stock.

Kilroy Realty Stock Performance

Shares of KRC opened at $42.04 on Tuesday. The company has a 50-day simple moving average of $39.80 and a 200-day simple moving average of $35.91. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.89. The company 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 52-week low of $29.72 and a 52-week high of $43.78.

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

Kilroy Realty Dividend Announcement

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

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, Greater Seattle and Austin. The company has earned global recognition for sustainability, building operations, innovation and design.