Kilroy Realty Co. (NYSE:KRC) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System cut its stake in Kilroy Realty Co. (NYSE:KRC) by 3.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,300 shares of the real estate investment trust’s stock after selling 900 shares during the period. Louisiana State Employees Retirement System’s holdings in Kilroy Realty were worth $1,134,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Wiser Advisor Group LLC lifted its stake in shares of Kilroy Realty by 67.5% during the first quarter. Wiser Advisor Group LLC now owns 757 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 305 shares during the period. State of Alaska Department of Revenue grew its stake in Kilroy Realty by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 67,153 shares of the real estate investment trust’s stock valued at $2,444,000 after purchasing an additional 349 shares during the last quarter. GAMMA Investing LLC grew its stake in Kilroy Realty by 33.6% during 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. Mercer Global Advisors Inc. ADV increased its holdings in shares of Kilroy Realty by 6.0% in the second 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 period. Finally, Ballentine Partners LLC lifted its holdings in shares of Kilroy Realty by 3.2% during the second quarter. Ballentine Partners LLC now owns 17,339 shares of the real estate investment trust’s stock worth $540,000 after purchasing an additional 530 shares during the period. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Kilroy Realty Trading Down 3.3 %

Shares of Kilroy Realty stock opened at $38.89 on Friday. The firm has a 50-day simple moving average of $38.53 and a two-hundred day simple moving average of $35.24. The company has a market cap of $4.59 billion, a P/E ratio of 23.29 and a beta of 1.03. Kilroy Realty Co. has a fifty-two week low of $27.39 and a fifty-two week high of $43.78. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.61 and a current ratio of 3.08.

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

Kilroy Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Monday, September 30th were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 5.55%. The ex-dividend date was Monday, September 30th. Kilroy Realty’s payout ratio is presently 129.34%.

Insiders Place Their Bets

In other 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 value of $105,120.00. Following the sale, the executive vice president now owns 8,818 shares in the company, valued at $352,720. This trade represents 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 available through this link. In other news, CAO Merryl Elizabeth Werber sold 3,000 shares of Kilroy Realty stock in a transaction on 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 owns 26,401 shares in the company, valued at $1,033,335.14. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John Osmond sold 2,628 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total transaction of $105,120.00. Following the sale, the executive vice president now owns 8,818 shares of the company’s stock, valued at $352,720. This represents a 0.00 % decrease in their position. 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

KRC has been the topic of several research reports. Barclays increased their price target 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. Scotiabank reduced 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 report on Wednesday, August 7th. Evercore ISI upped their price target on shares of Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a report on Wednesday. Finally, Wells Fargo & Company cut their price target on 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $39.43.

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.