Cbre Investment Management Listed Real Assets LLC Decreases Stake in Kilroy Realty Co. (NYSE:KRC)

Cbre Investment Management Listed Real Assets LLC decreased its position in Kilroy Realty Co. (NYSE:KRC) by 3.6% during the 4th quarter, Holdings Channel reports. The firm owned 161,889 shares of the real estate investment trust’s stock after selling 6,118 shares during the period. Cbre Investment Management Listed Real Assets LLC’s holdings in Kilroy Realty were worth $6,548,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. CWA Asset Management Group LLC purchased a new position in shares of Kilroy Realty during the 3rd quarter worth approximately $476,000. Vestcor Inc grew its holdings in shares of Kilroy Realty by 289.0% during the 3rd quarter. Vestcor Inc now owns 34,313 shares of the real estate investment trust’s stock worth $1,328,000 after acquiring an additional 25,492 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Kilroy Realty by 4,454.4% during the 3rd quarter. International Assets Investment Management LLC now owns 13,390 shares of the real estate investment trust’s stock worth $518,000 after acquiring an additional 13,096 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Kilroy Realty by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,171,717 shares of the real estate investment trust’s stock worth $84,045,000 after acquiring an additional 27,660 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Kilroy Realty by 25.4% during the 4th quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust’s stock worth $75,000 after acquiring an additional 374 shares during the period. 94.22% of the stock is owned by hedge funds and other institutional investors.

Kilroy Realty Stock Down 1.7 %

NYSE KRC opened at $34.12 on Wednesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21. The company has a market capitalization of $4.03 billion, a P/E ratio of 19.27 and a beta of 1.02. Kilroy Realty Co. has a one year low of $30.71 and a one year high of $43.78. The stock has a 50 day moving average price of $37.31 and a 200-day moving average price of $38.50.

Kilroy Realty (NYSE:KRC) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.17. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. As a group, equities analysts predict that Kilroy Realty Co. will post 4 EPS for the current fiscal year.

Kilroy Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be paid a $0.54 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.16 dividend on an annualized basis and a yield of 6.33%. Kilroy Realty’s payout ratio is 122.03%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Evercore ISI reduced their target price on Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating on the stock in a report on Wednesday, February 12th. JPMorgan Chase & Co. raised Kilroy Realty from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $45.00 to $49.00 in a research report on Friday, December 20th. The Goldman Sachs Group lowered their price target on Kilroy Realty from $48.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Mizuho reissued a “neutral” rating and issued a $43.00 target price (down previously from $45.00) on shares of Kilroy Realty in a research report on Tuesday, January 7th. Finally, Scotiabank lowered Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 target price for the company. in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $41.45.

Insiders Place Their Bets

In other news, CEO Angela M. Aman purchased 2,797 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were purchased at an average price of $35.45 per share, for a total transaction of $99,153.65. Following the completion of the purchase, the chief executive officer now owns 2,797 shares in the company, valued at approximately $99,153.65. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.49% of the company’s stock.

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.