Kilroy Realty Co. (NYSE:KRC) Shares Sold by GSI Capital Advisors LLC

GSI Capital Advisors LLC reduced its position in Kilroy Realty Co. (NYSE:KRC) by 32.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 79,138 shares of the real estate investment trust’s stock after selling 37,536 shares during the quarter. Kilroy Realty comprises about 1.7% of GSI Capital Advisors LLC’s holdings, making the stock its 25th largest position. GSI Capital Advisors LLC owned approximately 0.07% of Kilroy Realty worth $3,201,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Kilroy Realty during the fourth quarter worth about $366,356,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Kilroy Realty by 428.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 850,975 shares of the real estate investment trust’s stock valued at $32,933,000 after purchasing an additional 689,962 shares in the last quarter. abrdn plc increased its position in Kilroy Realty by 1,592.3% during the 4th quarter. abrdn plc now owns 400,404 shares of the real estate investment trust’s stock worth $16,216,000 after purchasing an additional 376,743 shares during the period. Principal Financial Group Inc. raised its stake in shares of Kilroy Realty by 4.7% during the 4th quarter. Principal Financial Group Inc. now owns 4,862,310 shares of the real estate investment trust’s stock worth $196,680,000 after buying an additional 218,163 shares in the last quarter. Finally, Prudential Financial Inc. lifted its holdings in shares of Kilroy Realty by 12.9% in the 4th quarter. Prudential Financial Inc. now owns 1,645,915 shares of the real estate investment trust’s stock valued at $63,862,000 after buying an additional 187,712 shares during the period. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Insider Activity

In other Kilroy Realty news, CEO Angela M. Aman purchased 2,797 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were purchased at an average cost of $35.45 per share, with a total value of $99,153.65. Following the purchase, the chief executive officer now owns 2,797 shares in the company, valued at approximately $99,153.65. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP John Osmond sold 4,000 shares of the company’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $35.16, for a total transaction of $140,640.00. Following the transaction, the executive vice president now directly owns 12,528 shares of the company’s stock, valued at approximately $440,484.48. This represents a 24.20 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.49% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Royal Bank of Canada cut their price objective on Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating for the company in a research report on Monday, March 10th. JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and increased their price target for the company from $45.00 to $49.00 in a report on Friday, December 20th. Mizuho reiterated a “neutral” rating and issued a $43.00 price objective (down previously from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. Barclays upgraded shares of Kilroy Realty from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $42.00 to $44.00 in a research report on Thursday, February 27th. Finally, Jefferies Financial Group started coverage on shares of Kilroy Realty in a research report on Monday, March 17th. They set a “hold” rating and a $34.00 price target for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $39.45.

Kilroy Realty Stock Up 0.3 %

Shares of NYSE:KRC opened at $32.85 on Wednesday. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $3.88 billion, a P/E ratio of 18.56 and a beta of 1.02. Kilroy Realty Co. has a 52-week low of $30.71 and a 52-week high of $43.78. The stock’s fifty day simple moving average is $35.18 and its 200-day simple moving average is $38.26.

Kilroy Realty (NYSE:KRC) last released its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.17. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. As a group, equities research analysts forecast that Kilroy Realty Co. will post 4 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

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

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.