XTX Topco Ltd Decreases Position in Kilroy Realty Co. (NYSE:KRC)

XTX Topco Ltd cut its position in Kilroy Realty Co. (NYSE:KRC) by 12.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 23,930 shares of the real estate investment trust’s stock after selling 3,367 shares during the period. XTX Topco Ltd’s holdings in Kilroy Realty were worth $926,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Waterfall Asset Management LLC purchased a new position in Kilroy Realty in the second quarter worth about $1,309,000. CWA Asset Management Group LLC purchased a new position in Kilroy Realty in the third quarter worth about $476,000. Edgestream Partners L.P. purchased a new position in Kilroy Realty in the second quarter worth about $1,178,000. International Assets Investment Management LLC raised its holdings in Kilroy Realty by 4,454.4% in the third quarter. International Assets Investment Management LLC now owns 13,390 shares of the real estate investment trust’s stock worth $518,000 after buying an additional 13,096 shares during the last quarter. Finally, Candriam S.C.A. purchased a new position in Kilroy Realty in the second quarter worth about $2,730,000. 94.22% of the stock is owned by hedge funds and other institutional investors.

Kilroy Realty Stock Down 2.2 %

Shares of KRC stock opened at $40.70 on Wednesday. Kilroy Realty Co. has a 12 month low of $30.71 and a 12 month high of $43.78. The stock has a market cap of $4.80 billion, a P/E ratio of 24.37 and a beta of 1.03. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.89. The company has a 50 day simple moving average of $40.29 and a two-hundred day simple moving average of $36.52.

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

Kilroy Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.54 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.16 dividend on an annualized basis and a yield of 5.31%. Kilroy Realty’s dividend payout ratio is currently 129.34%.

Insider Buying and Selling at Kilroy Realty

In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $39.14, for a total value of $117,420.00. Following the completion of the transaction, the chief accounting officer now directly owns 26,401 shares in the company, valued at $1,033,335.14. This represents a 10.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Heidi Rena Roth sold 12,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 50,211 shares of the company’s stock, valued at approximately $2,122,921.08. The trade was a 19.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,628 shares of company stock valued at $729,900. Insiders own 2.49% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Barclays lifted their target price on shares of Kilroy Realty from $38.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Wells Fargo & Company decreased their price objective on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, September 11th. Evercore ISI boosted their price objective on shares of Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. 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 report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Kilroy Realty presently has an average 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.