Nisa Investment Advisors LLC Has $4.46 Million Stake in Kilroy Realty Co. (NYSE:KRC)

Nisa Investment Advisors LLC trimmed its position in shares of Kilroy Realty Co. (NYSE:KRC) by 2.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,697 shares of the real estate investment trust’s stock after selling 3,230 shares during the period. Nisa Investment Advisors LLC’s holdings in Kilroy Realty were worth $4,457,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. CWA Asset Management Group LLC acquired a new stake in shares of Kilroy Realty in the 3rd quarter valued at approximately $476,000. Vestcor Inc boosted its stake in shares of Kilroy Realty by 289.0% in the 3rd quarter. Vestcor Inc now owns 34,313 shares of the real estate investment trust’s stock valued at $1,328,000 after purchasing an additional 25,492 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Kilroy Realty by 4,454.4% in the 3rd quarter. International Assets Investment Management LLC now owns 13,390 shares of the real estate investment trust’s stock valued at $518,000 after purchasing an additional 13,096 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Kilroy Realty by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,171,717 shares of the real estate investment trust’s stock valued at $84,045,000 after purchasing an additional 27,660 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Kilroy Realty by 428.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 850,975 shares of the real estate investment trust’s stock valued at $32,933,000 after purchasing an additional 689,962 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Heidi Rena Roth sold 12,000 shares of Kilroy Realty stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.28, for a total value of $507,360.00. Following the completion of the sale, the insider now owns 50,211 shares of the company’s stock, valued at approximately $2,122,921.08. This trade represents a 19.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.49% of the stock is currently owned by company insiders.

Kilroy Realty Stock Up 2.6 %

Kilroy Realty stock opened at $38.83 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.08 and a current ratio of 3.08. Kilroy Realty Co. has a 52-week low of $30.71 and a 52-week high of $43.78. The firm has a 50 day moving average price of $39.91 and a two-hundred day moving average price of $38.22. The firm has a market cap of $4.58 billion, a price-to-earnings ratio of 23.25 and a beta of 1.02.

Kilroy Realty (NYSE:KRC) last released 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 company had revenue of $289.94 million during 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 was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.12 EPS. Equities analysts predict that Kilroy Realty Co. will post 4.41 EPS for the current year.

Kilroy Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 31st were paid a $0.54 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.16 annualized dividend and a dividend yield of 5.56%. Kilroy Realty’s dividend payout ratio is currently 129.34%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Mizuho restated a “neutral” rating and issued a $43.00 price target (down from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. Jefferies Financial Group lowered shares of 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. Evercore ISI raised their price objective on shares of Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Barclays dropped their price objective on shares of Kilroy Realty from $44.00 to $43.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Finally, Scotiabank lowered shares of 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 given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $40.80.

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.