Phase 2 Partners LLC Has $9.71 Million Holdings in Kilroy Realty Co. (NYSE:KRC)

Phase 2 Partners LLC decreased its holdings in Kilroy Realty Co. (NYSE:KRC) by 15.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 250,949 shares of the real estate investment trust’s stock after selling 44,578 shares during the quarter. Kilroy Realty accounts for about 5.7% of Phase 2 Partners LLC’s investment portfolio, making the stock its 4th largest position. Phase 2 Partners LLC owned approximately 0.21% of Kilroy Realty worth $9,712,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. UMB Bank n.a. grew its holdings in shares of Kilroy Realty by 126.5% during the third quarter. UMB Bank n.a. now owns 967 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 540 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Kilroy Realty by 1,322.9% in the second 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 in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Kilroy Realty during the second quarter worth approximately $46,000. Quarry LP purchased a new position in Kilroy Realty during the second quarter valued at approximately $55,000. Finally, GAMMA Investing LLC increased its stake in Kilroy Realty by 33.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 371 shares during the period. Institutional investors own 94.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KRC. Barclays lifted their target price on shares of Kilroy Realty from $38.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Scotiabank downgraded 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. Evercore ISI raised their price target on 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, Wells Fargo & Company lowered their price target on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, September 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Kilroy Realty has a consensus rating of “Hold” and a consensus price target of $39.43.

Kilroy Realty Trading Down 1.6 %

Kilroy Realty stock opened at $40.44 on Wednesday. Kilroy Realty Co. has a 52 week low of $30.71 and a 52 week high of $43.78. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.08 and a current ratio of 3.08. The firm has a market capitalization of $4.77 billion, a PE ratio of 24.22 and a beta of 1.03. The business’s 50-day simple moving average is $40.10 and its 200-day simple moving average is $36.26.

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

Kilroy Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Monday, September 30th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 5.34%. The ex-dividend date of this dividend was Monday, September 30th. Kilroy Realty’s dividend payout ratio (DPR) is presently 129.34%.

Insider Buying and Selling

In other Kilroy Realty news, EVP John Osmond sold 2,628 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total value of $105,120.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Heidi Rena Roth sold 12,000 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total transaction of $507,360.00. Following the sale, the insider now owns 50,211 shares of the company’s stock, valued at $2,122,921.08. This trade represents a 19.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,628 shares of company stock valued at $729,900 over the last three months. 2.49% of the stock is owned by corporate insiders.

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.