Perpetual Ltd Has $565,000 Holdings in Kilroy Realty Co. (NYSE:KRC)

Perpetual Ltd trimmed its position in Kilroy Realty Co. (NYSE:KRC) by 9.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,971 shares of the real estate investment trust’s stock after selling 1,510 shares during the quarter. Perpetual Ltd’s holdings in Kilroy Realty were worth $565,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWA Asset Management Group LLC acquired a new position in shares of Kilroy Realty in the 3rd quarter valued at $476,000. Vestcor Inc increased its stake in Kilroy Realty by 289.0% in the third quarter. Vestcor Inc now owns 34,313 shares of the real estate investment trust’s stock valued at $1,328,000 after acquiring an additional 25,492 shares during the period. International Assets Investment Management LLC raised its position in Kilroy Realty by 4,454.4% in the third quarter. International Assets Investment Management LLC now owns 13,390 shares of the real estate investment trust’s stock worth $518,000 after purchasing an additional 13,096 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Kilroy Realty by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,171,717 shares of the real estate investment trust’s stock worth $84,045,000 after purchasing an additional 27,660 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Kilroy Realty by 428.5% during the third 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. 94.22% of the stock is owned by institutional investors.

Insider Buying and Selling at Kilroy Realty

In other news, insider Heidi Rena Roth sold 12,000 shares of Kilroy Realty stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.28, for a total transaction of $507,360.00. Following the completion of the sale, the insider now owns 50,211 shares in the company, valued at $2,122,921.08. The trade was a 19.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on KRC shares. Jefferies Financial Group downgraded Kilroy Realty from a “buy” rating to a “hold” rating and cut their target price for the stock from $45.00 to $41.00 in a research report on Thursday, January 2nd. Evercore ISI boosted their target price on shares of Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $45.00 to $49.00 in a research report on Friday, December 20th. Mizuho restated a “neutral” rating and issued a $43.00 price target (down from $45.00) on shares of Kilroy Realty in a research report on Tuesday, January 7th. Finally, Barclays dropped their price objective on shares of Kilroy Realty from $44.00 to $43.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $40.80.

Kilroy Realty Price Performance

Shares of KRC stock opened at $38.27 on Thursday. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $4.52 billion, a price-to-earnings ratio of 22.92 and a beta of 1.02. The firm’s 50 day moving average is $39.97 and its 200-day moving average is $38.13. Kilroy Realty Co. has a 1 year low of $30.71 and a 1 year high of $43.78.

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

Kilroy Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.16 annualized dividend and a yield of 5.64%. Kilroy Realty’s dividend 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.