Kilroy Realty Co. (NYSE:KRC) Shares Sold by MQS Management LLC

MQS Management LLC trimmed its position in shares of Kilroy Realty Co. (NYSE:KRC) by 24.2% during the third quarter, HoldingsChannel reports. The fund owned 6,002 shares of the real estate investment trust’s stock after selling 1,921 shares during the quarter. MQS Management LLC’s holdings in Kilroy Realty were worth $232,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Janus Henderson Group PLC boosted its holdings in Kilroy Realty by 2,767.7% during the first 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 in the last quarter. PGGM Investments boosted its holdings in Kilroy Realty by 85.0% during the second 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 in the last quarter. Victory Capital Management Inc. boosted its holdings in Kilroy Realty by 585.2% during the third quarter. Victory Capital Management Inc. now owns 830,311 shares of the real estate investment trust’s stock worth $32,133,000 after buying an additional 709,126 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Kilroy Realty by 18.2% during the first 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 buying an additional 487,556 shares in the last quarter. Finally, BROOKFIELD Corp ON purchased a new stake in Kilroy Realty during the first quarter worth about $13,179,000. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Barclays boosted their price objective on shares of Kilroy Realty from $38.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Scotiabank downgraded shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price objective on the stock. in a report on Thursday. Evercore ISI upped their price target on shares of Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company lowered their price target on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 11th. One 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 company currently has a consensus rating of “Hold” and an average price target of $39.43.

Insider Buying and Selling

In other 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 transaction of $105,120.00. Following the transaction, the executive vice president now directly owns 8,818 shares in the company, valued at $352,720. This represents a 22.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total transaction of $117,420.00. Following the transaction, the chief accounting officer now owns 26,401 shares in the company, valued at approximately $1,033,335.14. The trade was a 10.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.49% of the stock is currently owned by company insiders.

Kilroy Realty Trading Down 1.6 %

Shares of KRC opened at $38.78 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 3.08. The firm has a 50 day simple moving average of $39.31 and a 200-day simple moving average of $35.66. Kilroy Realty Co. has a 1-year low of $29.72 and a 1-year high of $43.78. The stock has a market cap of $4.58 billion, a price-to-earnings ratio of 23.22 and a beta of 1.03.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings data 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 business had revenue of $289.94 million for the quarter, compared to analysts’ expectations of $275.77 million. Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period last year, the business earned $1.12 earnings per share. Equities analysts forecast that Kilroy Realty Co. will post 4.41 EPS for the current fiscal year.

Kilroy Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Monday, September 30th were paid a $0.54 dividend. The ex-dividend date was Monday, September 30th. This represents a $2.16 annualized dividend and a yield of 5.57%. Kilroy Realty’s payout ratio is currently 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.