Tidal Investments LLC cut its position in shares of Kilroy Realty Co. (NYSE:KRC – Free Report) by 62.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 7,475 shares of the real estate investment trust’s stock after selling 12,405 shares during the period. Tidal Investments LLC’s holdings in Kilroy Realty were worth $289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Kilroy Realty during the third quarter worth $34,000. Coldstream Capital Management Inc. bought a new position in Kilroy Realty in the third quarter worth about $203,000. Vestcor Inc boosted its stake in Kilroy Realty by 289.0% in the third quarter. Vestcor Inc now owns 34,313 shares of the real estate investment trust’s stock valued at $1,328,000 after acquiring an additional 25,492 shares during the period. M&T Bank Corp grew its holdings in shares of Kilroy Realty by 13.0% during the third quarter. M&T Bank Corp now owns 22,596 shares of the real estate investment trust’s stock valued at $875,000 after purchasing an additional 2,594 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of Kilroy Realty by 1.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 134,750 shares of the real estate investment trust’s stock valued at $5,215,000 after purchasing an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 94.22% of the company’s stock.
Insider Activity
In other news, insider Heidi Rena Roth sold 12,000 shares of the stock in a transaction 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 sale, the insider now owns 50,211 shares in the company, valued at approximately $2,122,921.08. This represents a 19.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.49% of the company’s stock.
Analysts Set New Price Targets
Kilroy Realty Trading Up 2.7 %
Kilroy Realty stock opened at $41.88 on Wednesday. Kilroy Realty Co. has a 12-month low of $30.71 and a 12-month high of $43.78. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 3.08. The stock has a market capitalization of $4.94 billion, a PE ratio of 25.08 and a beta of 1.03. The firm has a 50 day simple moving average of $40.77 and a 200-day simple moving average of $37.02.
Kilroy Realty (NYSE:KRC – Get Free Report) last issued its quarterly 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 firm had revenue of $289.94 million for the quarter, compared to the consensus estimate of $275.77 million. Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.12 earnings per share. As a group, equities research analysts expect that Kilroy Realty Co. will post 4.41 EPS for the current fiscal year.
Kilroy Realty Dividend Announcement
The firm also recently declared 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 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date of this dividend is Tuesday, December 31st. Kilroy Realty’s payout ratio is 129.34%.
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.
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