Schroder Investment Management Group Trims Position in Kilroy Realty Co. (NYSE:KRC)

Schroder Investment Management Group decreased its position in shares of Kilroy Realty Co. (NYSE:KRC) by 4.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 980,458 shares of the real estate investment trust’s stock after selling 42,258 shares during the quarter. Schroder Investment Management Group owned approximately 0.83% of Kilroy Realty worth $39,179,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. State of Alaska Department of Revenue lifted its position in shares of Kilroy Realty by 0.4% in the fourth quarter. State of Alaska Department of Revenue now owns 68,456 shares of the real estate investment trust’s stock valued at $2,768,000 after acquiring an additional 276 shares in the last quarter. Choreo LLC raised its stake in Kilroy Realty by 3.2% during the 4th quarter. Choreo LLC now owns 8,852 shares of the real estate investment trust’s stock valued at $358,000 after purchasing an additional 278 shares during the period. M&T Bank Corp lifted its holdings in Kilroy Realty by 1.3% in the 4th quarter. M&T Bank Corp now owns 22,889 shares of the real estate investment trust’s stock worth $926,000 after purchasing an additional 293 shares in the last quarter. US Bancorp DE lifted its holdings in Kilroy Realty by 3.4% in the 4th quarter. US Bancorp DE now owns 9,680 shares of the real estate investment trust’s stock worth $392,000 after purchasing an additional 317 shares in the last quarter. Finally, FMR LLC grew its holdings in Kilroy Realty by 2.2% during the 3rd quarter. FMR LLC now owns 15,201 shares of the real estate investment trust’s stock valued at $588,000 after buying an additional 329 shares in the last quarter. Institutional investors own 94.22% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Evercore ISI lowered their target price on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating on the stock in a report on Wednesday, February 12th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $36.00 price target (down previously from $42.00) on shares of Kilroy Realty in a research note on Friday, March 28th. Barclays raised Kilroy Realty from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $42.00 to $44.00 in a research note on Thursday, February 27th. Mizuho restated a “neutral” rating and set a $43.00 price target (down previously from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. Finally, Royal Bank of Canada decreased their price objective on Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating on the stock in a report on Monday, March 10th. One research analyst has 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 price target of $39.45.

Kilroy Realty Stock Performance

NYSE:KRC opened at $32.85 on Wednesday. The firm has a market capitalization of $3.88 billion, a PE ratio of 18.56 and a beta of 1.02. The stock’s fifty day moving average is $35.18 and its 200 day moving average is $38.26. Kilroy Realty Co. has a fifty-two week low of $30.71 and a fifty-two week high of $43.78. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21.

Kilroy Realty (NYSE:KRC) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.17. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. On average, sell-side analysts anticipate that Kilroy Realty Co. will post 4 earnings per share for the current year.

Kilroy Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be given a dividend of $0.54 per share. The ex-dividend date is Monday, March 31st. This represents a $2.16 annualized dividend and a dividend yield of 6.58%. Kilroy Realty’s dividend payout ratio (DPR) is presently 122.03%.

Insider Activity

In other Kilroy Realty news, CEO Angela M. Aman acquired 2,797 shares of the business’s stock in a transaction on Friday, February 28th. The shares were bought at an average price of $35.45 per share, with a total value of $99,153.65. Following the transaction, the chief executive officer now directly owns 2,797 shares of the company’s stock, valued at $99,153.65. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, EVP John Osmond sold 4,000 shares of Kilroy Realty stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $35.16, for a total value of $140,640.00. Following the sale, the executive vice president now owns 12,528 shares of the company’s stock, valued at approximately $440,484.48. This trade represents a 24.20 % 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.

About Kilroy Realty

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.