MQS Management LLC Lowers Stake in Kilroy Realty Co. (NYSE:KRC)

MQS Management LLC lowered its stake in shares of Kilroy Realty Co. (NYSE:KRCFree Report) by 24.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 6,002 shares of the real estate investment trust’s stock after selling 1,921 shares during the period. MQS Management LLC’s holdings in Kilroy Realty were worth $232,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in KRC. QRG Capital Management Inc. purchased a new position in shares of Kilroy Realty during the 1st quarter worth approximately $243,000. Russell Investments Group Ltd. boosted its position in Kilroy Realty by 33.8% in the 1st quarter. Russell Investments Group Ltd. now owns 134,103 shares of the real estate investment trust’s stock valued at $4,885,000 after buying an additional 33,857 shares during the period. State Board of Administration of Florida Retirement System boosted its position in Kilroy Realty by 2.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 118,903 shares of the real estate investment trust’s stock valued at $4,332,000 after buying an additional 2,389 shares during the period. Jupiter Asset Management Ltd. boosted its position in Kilroy Realty by 222.1% in the 1st quarter. Jupiter Asset Management Ltd. now owns 276,037 shares of the real estate investment trust’s stock valued at $10,056,000 after buying an additional 190,350 shares during the period. Finally, Ontario Teachers Pension Plan Board boosted its position in Kilroy Realty by 3.9% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 72,349 shares of the real estate investment trust’s stock valued at $2,636,000 after buying an additional 2,689 shares during the period. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Kilroy Realty Price Performance

Kilroy Realty stock opened at $38.78 on Friday. The stock has a market cap of $4.58 billion, a P/E ratio of 23.22 and a beta of 1.03. The company has a fifty day simple moving average of $39.31 and a 200-day simple moving average of $35.66. Kilroy Realty Co. has a 12-month low of $29.72 and a 12-month high of $43.78. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.89.

Kilroy Realty (NYSE:KRCGet Free Report) last announced its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.44 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.60). Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. The company had revenue of $289.94 million for the quarter, compared to analyst estimates of $275.77 million. During the same quarter in the prior year, the business earned $1.12 earnings per share. Kilroy Realty’s revenue was up 2.2% compared to the same quarter last year. Equities analysts expect that Kilroy Realty Co. will post 4.41 EPS for the current fiscal year.

Kilroy Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Monday, September 30th were paid a dividend of $0.54 per share. The ex-dividend date was Monday, September 30th. This represents a $2.16 annualized dividend and a yield of 5.57%. Kilroy Realty’s dividend payout ratio is currently 129.34%.

Wall Street Analysts Forecast Growth

KRC has been the subject of several recent research reports. Wells Fargo & Company decreased their price target on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a research 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 company an “in-line” rating in a research report on Wednesday, October 30th. Barclays raised their price target on shares of Kilroy Realty from $38.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. Finally, Scotiabank cut shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price objective for the company. in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $39.43.

View Our Latest Stock Report on KRC

Insider Buying and Selling

In other Kilroy Realty news, EVP John Osmond sold 2,628 shares of Kilroy Realty stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total value of $105,120.00. Following the transaction, the executive vice president now directly owns 8,818 shares in the company, valued at approximately $352,720. The trade was a 22.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of Kilroy Realty stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $39.14, for a total transaction of $117,420.00. Following the completion of the transaction, the chief accounting officer now owns 26,401 shares in the company, valued at approximately $1,033,335.14. This represents a 10.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.49% of the stock is owned by company insiders.

About Kilroy Realty

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Kilroy Realty (NYSE:KRC)

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