Swiss National Bank Lowers Stock Position in Kilroy Realty Co. (NYSE:KRC)

Swiss National Bank cut its position in shares of Kilroy Realty Co. (NYSE:KRC) by 0.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 217,711 shares of the real estate investment trust’s stock after selling 1,700 shares during the period. Swiss National Bank owned 0.18% of Kilroy Realty worth $8,425,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its holdings in Kilroy Realty by 126.5% during the third quarter. UMB Bank n.a. now owns 967 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 540 shares in the last quarter. Blue Trust Inc. lifted its holdings in Kilroy Realty by 1,322.9% during the second quarter. Blue Trust Inc. now owns 1,366 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 1,270 shares in the last quarter. Versant Capital Management Inc lifted its holdings in Kilroy Realty by 2,510.7% during the second quarter. Versant Capital Management Inc now owns 1,462 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,406 shares in the last quarter. Headlands Technologies LLC purchased a new position in Kilroy Realty during the second quarter valued at $46,000. Finally, Quarry LP purchased a new position in Kilroy Realty during the second quarter valued at $55,000. 94.22% of the stock is owned by hedge funds and other institutional investors.

Kilroy Realty Stock Performance

NYSE:KRC opened at $42.04 on Tuesday. 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 firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of 25.17 and a beta of 1.03. The company’s 50-day moving average is $39.80 and its two-hundred day moving average is $35.91. Kilroy Realty Co. has a 1-year low of $29.72 and a 1-year high of $43.78.

Kilroy Realty (NYSE:KRC) last posted its 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 analyst estimates of $275.77 million. Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.12 earnings per share. Analysts forecast that Kilroy Realty Co. will post 4.41 EPS for the current year.

Kilroy Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date of this dividend was Monday, September 30th. Kilroy Realty’s dividend payout ratio (DPR) is 129.34%.

Insider Activity

In other Kilroy Realty news, EVP John Osmond sold 2,628 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 8,818 shares in the company, valued at $352,720. The trade was a 22.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction of $117,420.00. Following the transaction, the chief accounting officer now owns 26,401 shares of the company’s stock, valued at $1,033,335.14. This trade represents a 10.20 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.49% of the company’s stock.

Analyst Ratings Changes

KRC has been the topic of several recent analyst reports. Scotiabank downgraded shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price objective on the stock. in a report on Thursday, November 14th. Wells Fargo & Company decreased their price objective on shares of 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 raised their price target on shares of Kilroy Realty from $40.00 to $41.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Finally, Barclays raised their price target 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 equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus 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.