Y Intercept Hong Kong Ltd Sells 4,299 Shares of Kilroy Realty Co. (NYSE:KRC)

Y Intercept Hong Kong Ltd lowered its position in Kilroy Realty Co. (NYSE:KRC) by 23.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,980 shares of the real estate investment trust’s stock after selling 4,299 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Kilroy Realty were worth $541,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Assetmark Inc. increased its holdings in Kilroy Realty by 1.0% during the 3rd quarter. Assetmark Inc. now owns 26,792 shares of the real estate investment trust’s stock valued at $1,037,000 after purchasing an additional 274 shares in the last quarter. FMR LLC increased its stake in shares of Kilroy Realty by 2.2% in the third quarter. FMR LLC now owns 15,201 shares of the real estate investment trust’s stock valued at $588,000 after buying an additional 329 shares in the last quarter. Commerce Bank raised its holdings in shares of Kilroy Realty by 3.0% in the third quarter. Commerce Bank now owns 11,574 shares of the real estate investment trust’s stock valued at $448,000 after buying an additional 342 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Kilroy Realty by 33.6% in the third 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 last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its position in Kilroy Realty by 6.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,765 shares of the real estate investment trust’s stock worth $210,000 after buying an additional 383 shares in the last quarter. 94.22% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Barclays raised their price objective on shares of Kilroy Realty from $38.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. Scotiabank lowered shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price target for the company. in a report on Thursday, November 14th. Evercore ISI upped their price objective on Kilroy Realty from $40.00 to $41.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company lowered their target price 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 equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Kilroy Realty presently has an average rating of “Hold” and a consensus target price of $39.43.

Kilroy Realty Trading Up 1.1 %

Shares of NYSE KRC opened at $41.75 on Monday. Kilroy Realty Co. has a fifty-two week low of $30.71 and a fifty-two week high of $43.78. The firm has a market capitalization of $4.93 billion, a P/E ratio of 25.00 and a beta of 1.03. 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 company’s 50 day simple moving average is $40.50 and its 200 day simple moving average is $36.67.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings results 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). Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. The company had revenue of $289.94 million during the quarter, compared to analyst estimates of $275.77 million. During the same period last year, the company earned $1.12 EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, analysts predict that Kilroy Realty Co. will post 4.41 EPS for the current year.

Kilroy Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 5.17%. The ex-dividend date is Tuesday, December 31st. Kilroy Realty’s dividend payout ratio (DPR) is currently 129.34%.

Insider Transactions at Kilroy Realty

In other news, insider Heidi Rena Roth sold 12,000 shares of Kilroy Realty stock in a transaction 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 transaction, the insider now directly owns 50,211 shares of the company’s stock, valued at $2,122,921.08. This trade represents a 19.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John Osmond sold 2,628 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total transaction of $105,120.00. Following the completion of the sale, the executive vice president now owns 8,818 shares of the company’s stock, valued at approximately $352,720. This represents a 22.96 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,628 shares of company stock worth $729,900. 2.49% of the stock is currently owned by company insiders.

About Kilroy Realty

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.