AIA Group Ltd Decreases Stock Holdings in Kilroy Realty Co. (NYSE:KRC)

AIA Group Ltd decreased its holdings in shares of Kilroy Realty Co. (NYSE:KRC) by 24.2% in the fourth quarter, HoldingsChannel reports. The firm owned 11,463 shares of the real estate investment trust’s stock after selling 3,657 shares during the quarter. AIA Group Ltd’s holdings in Kilroy Realty were worth $464,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in Kilroy Realty during the 3rd quarter valued at about $34,000. Summit Securities Group LLC bought a new stake in Kilroy Realty in the fourth quarter worth $49,000. GAMMA Investing LLC grew its stake in shares of Kilroy Realty by 25.4% in the fourth quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust’s stock worth $75,000 after acquiring an additional 374 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Kilroy Realty by 31.7% during the fourth quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust’s stock valued at $102,000 after acquiring an additional 607 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in Kilroy Realty by 14.8% in the 4th quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust’s stock worth $105,000 after purchasing an additional 336 shares in the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.

Kilroy Realty Trading Up 0.3 %

Kilroy Realty stock opened at $32.85 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 market cap of $3.88 billion, a P/E ratio of 18.56 and a beta of 1.02. 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 business has a 50-day simple moving average of $35.18 and a two-hundred day simple moving average of $38.26.

Kilroy Realty (NYSE:KRC) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 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%. Analysts predict that Kilroy Realty Co. will post 4 EPS for the current year.

Kilroy Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be issued a $0.54 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.16 dividend on an annualized basis and a yield of 6.58%. Kilroy Realty’s dividend payout ratio is currently 122.03%.

Insider Activity at Kilroy Realty

In related news, CEO Angela M. Aman acquired 2,797 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 2,797 shares in the company, valued at approximately $99,153.65. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John Osmond sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $35.16, for a total value of $140,640.00. Following the transaction, 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. 2.49% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Evercore ISI decreased their target price on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a report on Wednesday, February 12th. Barclays upgraded Kilroy Realty from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $42.00 to $44.00 in a research note on Thursday, February 27th. KeyCorp decreased their price target on Kilroy Realty from $45.00 to $41.00 and set an “overweight” rating for the company in a research note on Monday. The Goldman Sachs Group reiterated a “neutral” rating and issued a $36.00 price objective (down from $42.00) on shares of Kilroy Realty in a report on Friday, March 28th. Finally, Wells Fargo & Company lowered Kilroy Realty from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $43.00 to $35.00 in a research report on Monday, March 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $39.45.

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.