Nisa Investment Advisors LLC Trims Stake in Kilroy Realty Co. (NYSE:KRC)

Nisa Investment Advisors LLC lessened its stake in Kilroy Realty Co. (NYSE:KRC) by 5.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 111,927 shares of the real estate investment trust’s stock after selling 6,131 shares during the period. Nisa Investment Advisors LLC owned about 0.10% of Kilroy Realty worth $4,395,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale boosted its stake in shares of Kilroy Realty by 19.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 46,597 shares of the real estate investment trust’s stock worth $1,768,000 after acquiring an additional 7,533 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Kilroy Realty by 24.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,288 shares of the real estate investment trust’s stock valued at $246,000 after buying an additional 1,251 shares in the last quarter. Ballentine Partners LLC lifted its position in shares of Kilroy Realty by 8.0% during the 3rd quarter. Ballentine Partners LLC now owns 18,733 shares of the real estate investment trust’s stock valued at $725,000 after buying an additional 1,394 shares in the last quarter. International Assets Investment Management LLC grew its stake in Kilroy Realty by 4,454.4% in the 3rd quarter. International Assets Investment Management LLC now owns 13,390 shares of the real estate investment trust’s stock valued at $518,000 after acquiring an additional 13,096 shares during the period. Finally, Venture Visionary Partners LLC increased its holdings in Kilroy Realty by 8.0% in the 3rd quarter. Venture Visionary Partners LLC now owns 44,789 shares of the real estate investment trust’s stock worth $1,733,000 after acquiring an additional 3,322 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kilroy Realty

In related news, EVP John Osmond sold 2,628 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was 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 directly owns 8,818 shares of the company’s stock, valued at approximately $352,720. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total value of $117,420.00. Following the sale, the chief accounting officer now owns 26,401 shares of the company’s stock, valued at $1,033,335.14. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John Osmond sold 2,628 shares of the firm’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 transaction, the executive vice president now owns 8,818 shares of the company’s stock, valued at approximately $352,720. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.49% of the company’s stock.

Kilroy Realty Trading Down 1.3 %

Shares of KRC stock opened at $40.22 on Friday. The company has a current ratio of 3.61, a quick ratio of 3.61 and a debt-to-equity ratio of 0.91. The company’s 50-day moving average price is $38.48 and its 200-day moving average price is $35.17. Kilroy Realty Co. has a twelve month low of $27.39 and a twelve month high of $43.78. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 24.08 and a beta of 1.04.

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 the consensus estimate of $1.04 by ($0.60). The firm had revenue of $289.94 million during the quarter, compared to analysts’ expectations of $275.77 million. Kilroy Realty had a net margin of 17.91% and a return on equity of 3.52%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period last year, the company earned $1.12 EPS. As a group, equities analysts predict that Kilroy Realty Co. will post 4.25 earnings per share for the current year.

Kilroy Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th were paid a dividend of $0.54 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.16 annualized dividend and a yield of 5.37%. Kilroy Realty’s dividend payout ratio (DPR) is 129.34%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KRC. Evercore ISI lifted 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 report on Wednesday. Wells Fargo & Company lowered their price objective on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, September 11th. Scotiabank decreased their target price on Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Finally, Barclays increased their price objective on Kilroy Realty from $38.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $39.43.

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.