Kilroy Realty Co. (NYSE:KRC) Holdings Cut by Handelsinvest Investeringsforvaltning

Handelsinvest Investeringsforvaltning decreased its stake in Kilroy Realty Co. (NYSE:KRC) by 34.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,532 shares of the real estate investment trust’s stock after selling 4,429 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in Kilroy Realty were worth $311,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KRC. PNC Financial Services Group Inc. raised its holdings in shares of Kilroy Realty by 36.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,888 shares of the real estate investment trust’s stock valued at $91,000 after purchasing an additional 772 shares in the last quarter. Natixis Advisors L.P. raised its holdings in shares of Kilroy Realty by 14.1% during the 3rd quarter. Natixis Advisors L.P. now owns 17,584 shares of the real estate investment trust’s stock valued at $556,000 after purchasing an additional 2,175 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Kilroy Realty by 58.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 20,379 shares of the real estate investment trust’s stock valued at $644,000 after purchasing an additional 7,499 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of Kilroy Realty by 314.2% during the 3rd quarter. Lazard Asset Management LLC now owns 377,916 shares of the real estate investment trust’s stock valued at $11,945,000 after purchasing an additional 286,685 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. raised its holdings in shares of Kilroy Realty by 154.6% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 318,104 shares of the real estate investment trust’s stock valued at $10,055,000 after purchasing an additional 193,160 shares in the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Insider Activity at Kilroy Realty

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on KRC shares. KeyCorp cut their price target on shares of Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating on the stock in a report on Tuesday. Barclays assumed coverage on shares of Kilroy Realty in a research note on Wednesday, March 27th. They issued an “equal weight” rating and a $38.00 target price on the stock. Royal Bank of Canada lowered shares of 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. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Kilroy Realty from $40.00 to $34.00 and set a “hold” rating on the stock 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’s stock. Based on data from MarketBeat, Kilroy Realty currently has an average rating of “Hold” and an average target price of $38.20.

Kilroy Realty Price Performance

NYSE:KRC opened at $32.38 on Thursday. The company has a 50-day moving average of $32.87 and a 200-day moving average of $35.42. The company has a market capitalization of $3.80 billion, a price-to-earnings ratio of 18.61 and a beta of 1.04. Kilroy Realty Co. has a 52 week low of $26.78 and a 52 week high of $43.37. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.30 and a current ratio of 3.30.

Kilroy Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 28th will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 6.67%. The ex-dividend date is Friday, June 28th. Kilroy Realty’s dividend payout ratio is currently 124.14%.

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.