Kilroy Realty Co. (NYSE:KRC) Stock Position Lowered by American International Group Inc.

American International Group Inc. trimmed its position in shares of Kilroy Realty Co. (NYSE:KRC) by 4.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 144,193 shares of the real estate investment trust’s stock after selling 6,125 shares during the period. American International Group Inc.’s holdings in Kilroy Realty were worth $5,745,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Kilroy Realty by 2.0% during the third quarter. Vanguard Group Inc. now owns 16,906,218 shares of the real estate investment trust’s stock valued at $534,406,000 after buying an additional 334,859 shares in the last quarter. Norges Bank purchased a new position in Kilroy Realty during the 4th quarter valued at about $360,831,000. APG Asset Management US Inc. increased its holdings in shares of Kilroy Realty by 5.0% in the 4th quarter. APG Asset Management US Inc. now owns 5,380,747 shares of the real estate investment trust’s stock valued at $214,369,000 after purchasing an additional 255,835 shares during the period. Invesco Ltd. lifted its position in shares of Kilroy Realty by 0.6% in the third quarter. Invesco Ltd. now owns 3,828,036 shares of the real estate investment trust’s stock worth $121,004,000 after purchasing an additional 22,883 shares in the last quarter. Finally, Senvest Management LLC boosted its holdings in shares of Kilroy Realty by 21.4% during the fourth quarter. Senvest Management LLC now owns 3,595,212 shares of the real estate investment trust’s stock worth $143,233,000 after purchasing an additional 634,136 shares during the period. 94.22% of the stock is owned by institutional investors and hedge funds.

Kilroy Realty Trading Down 0.2 %

Shares of Kilroy Realty stock opened at $31.59 on Friday. The company has a market cap of $3.71 billion, a price-to-earnings ratio of 18.16 and a beta of 1.03. Kilroy Realty Co. has a 1 year low of $26.78 and a 1 year high of $43.37. The company’s fifty day simple moving average is $33.10 and its 200-day simple moving average is $35.84. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.91.

Kilroy Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.54 per share. The ex-dividend date is Friday, June 28th. This represents a $2.16 annualized dividend and a dividend yield of 6.84%. Kilroy Realty’s payout ratio is 124.14%.

Analyst Upgrades and Downgrades

KRC has been the subject of a number of research reports. Barclays began coverage on shares of Kilroy Realty in a research note on Wednesday, March 27th. They set an “equal weight” rating and a $38.00 target price for the company. Royal Bank of Canada downgraded Kilroy Realty from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $44.00 to $39.00 in a research note on Friday, March 8th. KeyCorp cut their price target on Kilroy Realty from $47.00 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday, February 28th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Kilroy Realty from $40.00 to $34.00 and set a “hold” rating for the company in a research note on Thursday, May 30th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Kilroy Realty has an average rating of “Hold” and an average target price of $38.50.

Insider Activity

In related news, CAO Merryl Elizabeth Werber sold 3,329 shares of Kilroy Realty stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $33.66, for a total transaction of $112,054.14. Following the sale, the chief accounting officer now directly owns 29,081 shares of the company’s stock, valued at $978,866.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CAO Merryl Elizabeth Werber sold 3,329 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $33.66, for a total value of $112,054.14. Following the completion of the transaction, the chief accounting officer now directly owns 29,081 shares of the company’s stock, valued at $978,866.46. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider A. Robert Paratte sold 12,000 shares of Kilroy Realty stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $33.35, for a total transaction of $400,200.00. Following the sale, the insider now owns 68,139 shares in the company, valued at approximately $2,272,435.65. The disclosure for this sale can be found here. 2.49% of the stock is owned by company insiders.

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.