Sarasin & Partners LLP Sells 7,787 Shares of Kilroy Realty Co. (NYSE:KRC)

Sarasin & Partners LLP lowered its position in shares of Kilroy Realty Co. (NYSE:KRC) by 11.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,900 shares of the real estate investment trust’s stock after selling 7,787 shares during the quarter. Sarasin & Partners LLP owned approximately 0.05% of Kilroy Realty worth $2,504,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Kilroy Realty during the third quarter worth $34,000. UMB Bank n.a. increased its holdings in Kilroy Realty by 126.5% in the third quarter. UMB Bank n.a. now owns 967 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 540 shares during the last quarter. GAMMA Investing LLC increased its holdings in Kilroy Realty by 33.6% in the third 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. Quarry LP bought a new stake in Kilroy Realty in the second quarter valued at about $55,000. Finally, Versant Capital Management Inc increased its holdings in Kilroy Realty by 14.8% in the fourth quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 336 shares during the last quarter. Institutional investors own 94.22% of the company’s stock.

Insider Transactions at Kilroy Realty

In other news, insider Heidi Rena Roth sold 12,000 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 50,211 shares of the company’s stock, valued at $2,122,921.08. This represents a 19.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.49% of the stock is owned by insiders.

Kilroy Realty Stock Up 1.9 %

NYSE:KRC opened at $38.97 on Monday. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.89. The stock has a market cap of $4.60 billion, a price-to-earnings ratio of 23.33 and a beta of 1.02. The stock has a 50-day moving average price of $40.03 and a two-hundred day moving average price of $38.03. Kilroy Realty Co. has a 1 year low of $30.71 and a 1 year high of $43.78.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.60). The firm had revenue of $289.94 million for the quarter, compared to analyst estimates of $275.77 million. Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.12 earnings per share. As a group, equities analysts expect that Kilroy Realty Co. will post 4.42 earnings per share for the current year.

Kilroy Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.54 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.16 annualized dividend and a dividend yield of 5.54%. Kilroy Realty’s dividend payout ratio is currently 129.34%.

Wall Street Analyst Weigh In

A number of research firms recently commented on KRC. Jefferies Financial Group downgraded 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 report on Thursday, January 2nd. JPMorgan Chase & Co. upgraded Kilroy Realty from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $45.00 to $49.00 in a report on Friday, December 20th. Mizuho reiterated a “neutral” rating and issued a $43.00 price objective (down previously from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. Evercore ISI upped their price objective on Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Finally, Scotiabank downgraded Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price objective for the company. in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $40.80.

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.