Kilroy Realty Co. (NYSE:KRC) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its stake in Kilroy Realty Co. (NYSE:KRC) by 0.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,289,841 shares of the real estate investment trust’s stock after selling 7,845 shares during the period. JPMorgan Chase & Co.’s holdings in Kilroy Realty were worth $49,917,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Assetmark Inc. boosted its position in shares of Kilroy Realty by 1.0% in the 3rd quarter. Assetmark Inc. now owns 26,792 shares of the real estate investment trust’s stock valued at $1,037,000 after purchasing an additional 274 shares during the period. FMR LLC boosted its holdings in shares of Kilroy Realty by 2.2% in the third quarter. FMR LLC now owns 15,201 shares of the real estate investment trust’s stock valued at $588,000 after acquiring an additional 329 shares during the period. Commerce Bank grew its position in shares of Kilroy Realty by 3.0% during the third quarter. Commerce Bank now owns 11,574 shares of the real estate investment trust’s stock worth $448,000 after acquiring an additional 342 shares during the last quarter. GAMMA Investing LLC raised its position in Kilroy Realty by 33.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 371 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its position in Kilroy Realty by 6.0% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,765 shares of the real estate investment trust’s stock valued at $210,000 after purchasing an additional 383 shares during the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Insider Activity

In other news, insider Heidi Rena Roth sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were 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 directly 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.49% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on KRC. Evercore ISI lifted their price objective on shares of Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Barclays upped their price objective on Kilroy Realty from $38.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Wells Fargo & Company lowered their target price on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 11th. Scotiabank cut Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price target for the company. in a research note on Thursday, November 14th. Finally, Jefferies Financial Group cut shares of Kilroy Realty from a “buy” rating to a “hold” rating and dropped their price objective for the company from $45.00 to $41.00 in a research note on Thursday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $40.67.

Kilroy Realty Stock Performance

Shares of KRC opened at $40.63 on Friday. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.89. Kilroy Realty Co. has a 52-week low of $30.71 and a 52-week high of $43.78. The company has a 50-day simple moving average of $40.61 and a 200-day simple moving average of $37.53. The company has a market capitalization of $4.80 billion, a PE ratio of 24.33 and a beta of 1.02.

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

Kilroy Realty Announces Dividend

The company 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 $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 5.32%. The ex-dividend date is Tuesday, December 31st. Kilroy Realty’s dividend payout ratio (DPR) is 129.34%.

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.