Sarasin & Partners LLP Has $2.50 Million Stock Holdings in Kilroy Realty Co. (NYSE:KRC)

Sarasin & Partners LLP cut its stake in shares of Kilroy Realty Co. (NYSE:KRC) by 11.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 61,900 shares of the real estate investment trust’s stock after selling 7,787 shares during the quarter. Sarasin & Partners LLP’s holdings in Kilroy Realty were worth $2,504,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in Kilroy Realty during the third quarter valued at approximately $34,000. UMB Bank n.a. raised its stake in Kilroy Realty by 126.5% in the third quarter. UMB Bank n.a. now owns 967 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 540 shares during the period. GAMMA Investing LLC raised its stake in Kilroy Realty by 33.6% in the third quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 371 shares during the period. Quarry LP bought a new stake in Kilroy Realty in the second quarter valued at approximately $55,000. Finally, Versant Capital Management Inc raised its stake in Kilroy Realty by 14.8% in the fourth quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 336 shares during the period. 94.22% of the stock is owned by institutional investors and hedge funds.

Kilroy Realty Trading Up 1.9 %

Shares of NYSE:KRC opened at $38.97 on Monday. The company has a market capitalization of $4.60 billion, a P/E ratio of 23.33 and a beta of 1.02. Kilroy Realty Co. has a 1 year low of $30.71 and a 1 year high of $43.78. 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 business’s 50 day simple moving average is $40.03 and its 200 day simple moving average is $38.03.

Kilroy Realty (NYSE:KRC) last issued its earnings results on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share 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%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.12 EPS. On average, research analysts anticipate that Kilroy Realty Co. will post 4.42 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 31st were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date of this dividend was Tuesday, December 31st. Kilroy Realty’s dividend payout ratio is presently 129.34%.

Insider Buying and Selling at Kilroy Realty

In related news, insider Heidi Rena Roth sold 12,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total transaction of $507,360.00. Following the sale, the insider now owns 50,211 shares of the company’s stock, valued at $2,122,921.08. This trade represents a 19.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 2.49% of the company’s stock.

Analysts Set New Price Targets

KRC has been the topic of several research analyst reports. Evercore ISI upped their price objective on Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Mizuho restated a “neutral” rating and issued a $43.00 price objective (down previously from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. Scotiabank lowered 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 note on Thursday, November 14th. JPMorgan Chase & Co. upgraded Kilroy Realty from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $45.00 to $49.00 in a research note on Friday, December 20th. Finally, Jefferies Financial Group lowered 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $40.80.

Kilroy Realty 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.