Kilroy Realty Co. (NYSE:KRC) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its position in shares of Kilroy Realty Co. (NYSE:KRC) by 72.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,566 shares of the real estate investment trust’s stock after selling 42,504 shares during the period. SG Americas Securities LLC’s holdings in Kilroy Realty were worth $641,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fidelis Capital Partners LLC acquired a new position in Kilroy Realty during the 1st quarter valued at about $26,000. Wiser Advisor Group LLC lifted its stake in shares of Kilroy Realty by 67.5% in the 1st quarter. Wiser Advisor Group LLC now owns 757 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 305 shares during the period. Blue Trust Inc. lifted its stake in shares of Kilroy Realty by 1,322.9% in the 2nd quarter. Blue Trust Inc. now owns 1,366 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 1,270 shares during the period. Versant Capital Management Inc lifted its stake in shares of Kilroy Realty by 2,510.7% in the 2nd quarter. Versant Capital Management Inc now owns 1,462 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,406 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in shares of Kilroy Realty in the 2nd quarter worth approximately $46,000. 94.22% of the stock is owned by institutional investors and hedge funds.

Kilroy Realty Stock Performance

KRC stock opened at $39.52 on Tuesday. The company has a quick ratio of 3.61, a current ratio of 3.61 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of 22.71 and a beta of 1.04. Kilroy Realty Co. has a 12 month low of $26.78 and a 12 month high of $43.37. The firm has a 50 day moving average of $36.42 and a two-hundred day moving average of $34.54.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.67). The firm had revenue of $280.73 million for the quarter, compared to the consensus estimate of $276.81 million. Kilroy Realty had a return on equity of 3.52% and a net margin of 17.91%. Kilroy Realty’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.19 earnings per share. As a group, equities analysts anticipate that Kilroy Realty Co. will post 4.26 EPS for the current fiscal year.

Kilroy Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Monday, September 30th were issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 5.47%. The ex-dividend date was Monday, September 30th. Kilroy Realty’s dividend payout ratio is currently 124.14%.

Insider Buying and Selling

In related news, CAO Merryl Elizabeth Werber sold 3,000 shares of the company’s 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 sale, the chief accounting officer now directly owns 26,401 shares of the company’s stock, valued at approximately $1,033,335.14. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Kilroy Realty news, EVP John Osmond sold 2,628 shares of the 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 completion of the sale, the executive vice president now directly owns 8,818 shares of the company’s stock, valued at $352,720. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of the 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 sale, the chief accounting officer now directly owns 26,401 shares of the company’s stock, valued at approximately $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 owned by insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. KeyCorp reduced their price target on shares of Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating for the company in a research note on Tuesday, July 2nd. Evercore ISI increased their target price on shares of Kilroy Realty from $38.00 to $40.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Scotiabank cut their target price on shares of Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. Finally, Wells Fargo & Company cut their target price on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, September 11th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Kilroy Realty currently has an average rating of “Hold” and a consensus target price of $38.63.

Kilroy Realty Company 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.