Mutual of America Capital Management LLC Sells 4,055 Shares of Kilroy Realty Co. (NYSE:KRC)

Mutual of America Capital Management LLC trimmed its holdings in Kilroy Realty Co. (NYSE:KRC) by 6.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 57,098 shares of the real estate investment trust’s stock after selling 4,055 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Kilroy Realty were worth $2,210,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Janus Henderson Group PLC grew its stake in Kilroy Realty by 2,767.7% during the first quarter. Janus Henderson Group PLC now owns 1,648,027 shares of the real estate investment trust’s stock valued at $59,991,000 after acquiring an additional 1,590,558 shares in the last quarter. PGGM Investments raised its position in Kilroy Realty by 85.0% during the second quarter. PGGM Investments now owns 3,015,046 shares of the real estate investment trust’s stock valued at $93,979,000 after purchasing an additional 1,385,692 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Kilroy Realty by 585.2% in the 3rd quarter. Victory Capital Management Inc. now owns 830,311 shares of the real estate investment trust’s stock worth $32,133,000 after purchasing an additional 709,126 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Kilroy Realty by 18.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,162,748 shares of the real estate investment trust’s stock valued at $115,220,000 after purchasing an additional 487,556 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Kilroy Realty by 639.6% in the 2nd quarter. Renaissance Technologies LLC now owns 314,700 shares of the real estate investment trust’s stock worth $9,809,000 after acquiring an additional 272,148 shares during the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on KRC shares. Wells Fargo & Company reduced their price target on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, September 11th. Evercore ISI upped their price objective on shares of Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Scotiabank downgraded shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 target price on the stock. in a research report on Thursday, November 14th. Finally, Barclays lifted their price objective on shares of Kilroy Realty from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $39.43.

Kilroy Realty Stock Up 2.3 %

NYSE KRC opened at $40.65 on Monday. The business has a fifty day moving average price of $39.80 and a 200 day moving average price of $35.89. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.08 and a current ratio of 3.08. The company has a market cap of $4.80 billion, a P/E ratio of 24.34 and a beta of 1.03. Kilroy Realty Co. has a one year low of $29.72 and a one year high of $43.78.

Kilroy Realty (NYSE:KRC) last issued its earnings results 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 business had revenue of $289.94 million during the quarter, compared to analyst estimates of $275.77 million. Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. Kilroy Realty’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the company earned $1.12 earnings per share. Research analysts anticipate that Kilroy Realty Co. will post 4.41 EPS for the current fiscal year.

Kilroy Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 5.31%. The ex-dividend date was Monday, September 30th. Kilroy Realty’s payout ratio is currently 129.34%.

Insiders Place Their Bets

In related news, CAO Merryl Elizabeth Werber sold 3,000 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $39.14, for a total value of $117,420.00. Following the sale, the chief accounting officer now directly owns 26,401 shares in the company, valued at approximately $1,033,335.14. The trade was a 10.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John Osmond sold 2,628 shares of Kilroy Realty stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total value of $105,120.00. Following the completion of the transaction, the executive vice president now directly owns 8,818 shares of the company’s stock, valued at approximately $352,720. This represents a 22.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.49% of the company’s stock.

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.