Sumitomo Mitsui Trust Group Inc. Lowers Holdings in Kilroy Realty Co. (NYSE:KRC)

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in Kilroy Realty Co. (NYSE:KRC) by 2.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 178,977 shares of the real estate investment trust’s stock after selling 5,146 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Kilroy Realty were worth $6,926,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in KRC. Janus Henderson Group PLC increased its holdings in shares of Kilroy Realty by 2,767.7% in the first quarter. Janus Henderson Group PLC now owns 1,648,027 shares of the real estate investment trust’s stock worth $59,991,000 after purchasing an additional 1,590,558 shares during the last quarter. PGGM Investments increased its stake in Kilroy Realty by 85.0% during the second quarter. PGGM Investments now owns 3,015,046 shares of the real estate investment trust’s stock worth $93,979,000 after acquiring an additional 1,385,692 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Kilroy Realty by 18.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,162,748 shares of the real estate investment trust’s stock worth $115,220,000 after acquiring an additional 487,556 shares during the last quarter. BROOKFIELD Corp ON bought a new stake in Kilroy Realty during the first quarter worth approximately $13,179,000. Finally, Renaissance Technologies LLC increased its stake in Kilroy Realty by 639.6% during the second quarter. Renaissance Technologies LLC now owns 314,700 shares of the real estate investment trust’s stock worth $9,809,000 after acquiring an additional 272,148 shares during the last quarter. 94.22% of the stock is owned by institutional investors.

Kilroy Realty Trading Down 0.9 %

KRC opened at $38.45 on Tuesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.08 and a current ratio of 3.08. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 23.23 and a beta of 1.03. The stock’s 50 day moving average price is $39.39 and its 200-day moving average price is $35.72. Kilroy Realty Co. has a one year low of $29.72 and a one year high of $43.78.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.60). Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. The firm had revenue of $289.94 million during the quarter, compared to the consensus estimate of $275.77 million. During the same period last year, the company earned $1.12 EPS. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities analysts forecast that Kilroy Realty Co. will post 4.41 EPS for the current 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 paid a $0.54 dividend. The ex-dividend date was Monday, September 30th. This represents a $2.16 annualized dividend and a yield of 5.62%. Kilroy Realty’s dividend payout ratio (DPR) is currently 129.34%.

Wall Street Analysts Forecast Growth

KRC has been the topic of several analyst reports. Barclays boosted their price objective on Kilroy Realty from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Wells Fargo & Company reduced their price objective on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 11th. Evercore ISI upped their target price on Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Finally, Scotiabank cut Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 target price on the stock. in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $39.43.

Insider Buying and Selling

In other Kilroy Realty news, EVP John Osmond sold 2,628 shares of the stock in a transaction 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 approximately $352,720. This trade represents a 22.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $117,420.00. Following the sale, the chief accounting officer now directly owns 26,401 shares in the company, valued at $1,033,335.14. This trade represents a 10.20 % decrease in their position. The disclosure for this sale can be found here. 2.49% of the stock is owned by insiders.

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.