Bank of New York Mellon Corp Sells 15,532 Shares of Kilroy Realty Co. (NYSE:KRC)

Bank of New York Mellon Corp cut its holdings in Kilroy Realty Co. (NYSE:KRC) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,055,645 shares of the real estate investment trust’s stock after selling 15,532 shares during the period. Bank of New York Mellon Corp’s holdings in Kilroy Realty were worth $42,701,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in KRC. Wilmington Savings Fund Society FSB bought a new stake in shares of Kilroy Realty in the 3rd quarter worth about $34,000. GAMMA Investing LLC increased its holdings in shares of Kilroy Realty by 25.4% in the 4th quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust’s stock worth $75,000 after buying an additional 374 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Kilroy Realty by 31.7% in the 4th quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 607 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Kilroy Realty by 14.8% in the 4th quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 336 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of Kilroy Realty by 113.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,912 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 1,549 shares during the last quarter. 94.22% of the stock is currently owned by institutional investors.

Insider Transactions at Kilroy Realty

In other Kilroy Realty news, CEO Angela M. Aman purchased 2,797 shares of the stock in a transaction dated Friday, February 28th. The stock was purchased at an average price of $35.45 per share, with a total value of $99,153.65. Following the transaction, the chief executive officer now owns 2,797 shares of the company’s stock, valued at approximately $99,153.65. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KRC. JPMorgan Chase & Co. raised shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $45.00 to $49.00 in a research note on Friday, December 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $44.00 price target on shares of Kilroy Realty in a research note on Monday, February 10th. Barclays raised shares of Kilroy Realty from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $42.00 to $44.00 in a research note on Thursday, February 27th. Evercore ISI dropped their price target 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. Finally, Mizuho reaffirmed a “neutral” rating and set a $43.00 price target (down from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Kilroy Realty presently has an average rating of “Hold” and a consensus price target of $41.45.

Kilroy Realty Price Performance

Kilroy Realty stock opened at $33.01 on Friday. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of 18.65 and a beta of 1.02. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.21 and a quick ratio of 2.21. Kilroy Realty Co. has a 1 year low of $30.71 and a 1 year high of $43.78. The firm has a 50-day moving average of $36.98 and a two-hundred day moving average of $38.43.

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 (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.17. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. On average, research analysts forecast that Kilroy Realty Co. will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be given a $0.54 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.16 annualized dividend and a dividend yield of 6.54%. Kilroy Realty’s 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.