SG Americas Securities LLC Decreases Holdings in Kilroy Realty Co. (NYSE:KRC)

SG Americas Securities LLC reduced its position in Kilroy Realty Co. (NYSE:KRC) by 57.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 6,997 shares of the real estate investment trust’s stock after selling 9,569 shares during the period. SG Americas Securities LLC’s holdings in Kilroy Realty were worth $283,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. grew its position in shares of Kilroy Realty by 585.2% in the third quarter. Victory Capital Management Inc. now owns 830,311 shares of the real estate investment trust’s stock valued at $32,133,000 after purchasing an additional 709,126 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Kilroy Realty by 428.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 850,975 shares of the real estate investment trust’s stock valued at $32,933,000 after buying an additional 689,962 shares in the last quarter. Verition Fund Management LLC grew its holdings in Kilroy Realty by 77.6% during the 3rd quarter. Verition Fund Management LLC now owns 280,646 shares of the real estate investment trust’s stock valued at $10,861,000 after buying an additional 122,616 shares during the last quarter. Daiwa Securities Group Inc. increased its position in Kilroy Realty by 364.4% during the third quarter. Daiwa Securities Group Inc. now owns 155,291 shares of the real estate investment trust’s stock worth $6,010,000 after buying an additional 121,853 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its position in shares of Kilroy Realty by 52.3% in the third quarter. Quantinno Capital Management LP now owns 223,470 shares of the real estate investment trust’s stock valued at $8,648,000 after acquiring an additional 76,724 shares in the last quarter. 94.22% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Kilroy Realty

In other Kilroy Realty news, insider Heidi Rena Roth sold 12,000 shares of Kilroy Realty stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.28, for a total transaction of $507,360.00. Following the transaction, the insider now directly owns 50,211 shares of the company’s stock, valued at $2,122,921.08. The trade was a 19.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.49% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Mizuho reiterated a “neutral” rating and set a $43.00 price objective (down previously from $45.00) on shares of Kilroy Realty in a research report on Tuesday, January 7th. Barclays lowered their price target on shares of Kilroy Realty from $43.00 to $42.00 and set an “equal weight” rating for the company in a report on Monday. JPMorgan Chase & Co. raised shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $45.00 to $49.00 in a research note on Friday, December 20th. Jefferies Financial Group cut shares of Kilroy Realty from a “buy” rating to a “hold” rating and lowered their target price for the stock from $45.00 to $41.00 in a research note on Thursday, January 2nd. Finally, Scotiabank downgraded Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price target for the company. in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $40.70.

Kilroy Realty Stock Performance

NYSE:KRC opened at $36.76 on Thursday. Kilroy Realty Co. has a fifty-two week low of $30.71 and a fifty-two week high of $43.78. The firm’s 50 day moving average is $39.68 and its two-hundred day moving average is $38.42. The company has a market cap of $4.34 billion, a P/E ratio of 22.01 and a beta of 1.02. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.89.

Kilroy Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 31st were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 5.88%. The ex-dividend date was Tuesday, December 31st. Kilroy Realty’s payout ratio is currently 129.34%.

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.