Foresight Group Ltd Liability Partnership Trims Stock Position in Kilroy Realty Co. (NYSE:KRC)

Foresight Group Ltd Liability Partnership lessened its holdings in shares of Kilroy Realty Co. (NYSE:KRC) by 22.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,825 shares of the real estate investment trust’s stock after selling 17,759 shares during the period. Kilroy Realty makes up 1.0% of Foresight Group Ltd Liability Partnership’s holdings, making the stock its 16th biggest position. Foresight Group Ltd Liability Partnership owned approximately 0.05% of Kilroy Realty worth $2,315,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in KRC. Janus Henderson Group PLC raised its holdings in shares of Kilroy Realty by 2,767.7% during the first quarter. Janus Henderson Group PLC now owns 1,648,027 shares of the real estate investment trust’s stock worth $59,991,000 after purchasing an additional 1,590,558 shares during the last quarter. PGGM Investments raised its holdings in shares of Kilroy Realty by 85.0% during the second quarter. PGGM Investments now owns 3,015,046 shares of the real estate investment trust’s stock worth $93,979,000 after purchasing an additional 1,385,692 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Kilroy Realty by 18.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,162,748 shares of the real estate investment trust’s stock valued at $115,220,000 after buying an additional 487,556 shares in the last quarter. Sei Investments Co. increased its holdings in Kilroy Realty by 139.4% in the first quarter. Sei Investments Co. now owns 693,552 shares of the real estate investment trust’s stock valued at $25,266,000 after buying an additional 403,807 shares in the last quarter. Finally, BROOKFIELD Corp ON purchased a new position in Kilroy Realty in the first quarter valued at $13,179,000. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Kilroy Realty Stock Down 0.5 %

Shares of NYSE KRC opened at $41.96 on Wednesday. The company’s 50-day simple moving average is $37.46 and its 200-day simple moving average is $34.85. Kilroy Realty Co. has a 52-week low of $26.78 and a 52-week high of $43.78. The firm has a market cap of $4.92 billion, a price-to-earnings ratio of 24.11 and a beta of 1.04. The company has a quick ratio of 3.61, a current ratio of 3.61 and a debt-to-equity ratio of 0.91.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.67). The business had revenue of $280.73 million for the quarter, compared to analyst estimates of $276.81 million. Kilroy Realty had a return on equity of 3.52% and a net margin of 17.91%. The business’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.19 earnings per share. Equities analysts predict that Kilroy Realty Co. will post 4.26 EPS for the current fiscal year.

Kilroy Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Monday, September 30th were given a dividend of $0.54 per share. The ex-dividend date was Monday, September 30th. This represents a $2.16 dividend on an annualized basis and a yield of 5.15%. Kilroy Realty’s payout ratio is presently 124.14%.

Insider Buying and Selling

In related news, EVP John Osmond sold 2,628 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total transaction 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Kilroy Realty news, EVP John Osmond sold 2,628 shares of Kilroy Realty stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total transaction of $105,120.00. Following the transaction, the executive vice president now directly owns 8,818 shares of the company’s stock, valued at $352,720. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of Kilroy Realty stock in a transaction dated 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 directly owns 26,401 shares in the company, valued at $1,033,335.14. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.49% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on KRC shares. KeyCorp cut their price objective on shares of Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, July 2nd. Evercore ISI lifted their price objective on shares of Kilroy Realty from $38.00 to $40.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Scotiabank cut their price objective on shares of Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. Finally, Wells Fargo & Company dropped their target price on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 11th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $38.43.

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.