Kilroy Realty Co. (NYSE:KRC) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. reduced its stake in Kilroy Realty Co. (NYSE:KRC) by 6.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,305,788 shares of the real estate investment trust’s stock after selling 89,799 shares during the quarter. Federated Hermes Inc.’s holdings in Kilroy Realty were worth $52,819,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in Kilroy Realty during the third quarter worth $34,000. Summit Securities Group LLC purchased a new stake in shares of Kilroy Realty in the 4th quarter valued at $49,000. GAMMA Investing LLC lifted its stake in Kilroy Realty by 25.4% during the 4th quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust’s stock worth $75,000 after acquiring an additional 374 shares in the last quarter. Fifth Third Bancorp boosted its holdings in Kilroy Realty by 31.7% during the 4th quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust’s stock valued at $102,000 after acquiring an additional 607 shares during the period. Finally, Versant Capital Management Inc increased its stake in Kilroy Realty by 14.8% during the fourth quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust’s stock worth $105,000 after purchasing an additional 336 shares during the period. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Insiders Place Their Bets

In other Kilroy Realty news, insider A. Robert Paratte sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $34.74, for a total value of $208,440.00. Following the completion of the sale, the insider now owns 86,744 shares in the company, valued at approximately $3,013,486.56. The trade was a 6.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Angela M. Aman bought 2,797 shares of the stock in a transaction dated Friday, February 28th. The shares were acquired at an average price of $35.45 per share, for a total transaction of $99,153.65. Following the completion of the transaction, the chief executive officer now owns 2,797 shares of the company’s stock, valued at approximately $99,153.65. The trade was a ? increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 2.49% of the company’s stock.

Wall Street Analysts Forecast Growth

KRC has been the subject of several recent research reports. Evercore ISI lowered their price objective on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a research note on Wednesday, February 12th. JPMorgan Chase & Co. cut their price objective on Kilroy Realty from $49.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 2nd. Mizuho reiterated a “neutral” rating and issued a $43.00 price objective (down from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. Jefferies Financial Group assumed coverage on Kilroy Realty in a research note on Monday, March 17th. They set a “hold” rating and a $34.00 target price for the company. Finally, Royal Bank of Canada reduced their price target on Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating on the stock in a research report on Monday, March 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Kilroy Realty has an average rating of “Hold” and a consensus target price of $38.82.

Kilroy Realty Price Performance

Shares of NYSE KRC opened at $29.41 on Tuesday. The stock’s 50-day simple moving average is $34.55 and its 200-day simple moving average is $38.02. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21. The firm has a market capitalization of $3.47 billion, a PE ratio of 16.62 and a beta of 1.04. Kilroy Realty Co. has a fifty-two week low of $27.80 and a fifty-two week high of $43.78.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.17. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. As a group, equities research analysts forecast that Kilroy Realty Co. will post 4 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be paid a $0.54 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.16 annualized dividend and a yield of 7.34%. Kilroy Realty’s dividend payout ratio is presently 122.03%.

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.