Amundi Sells 2,014 Shares of Kilroy Realty Co. (NYSE:KRC)

Amundi trimmed its holdings in shares of Kilroy Realty Co. (NYSE:KRC) by 3.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,672 shares of the real estate investment trust’s stock after selling 2,014 shares during the quarter. Amundi owned 0.05% of Kilroy Realty worth $2,360,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Victory Capital Management Inc. boosted its stake in shares of Kilroy Realty by 585.2% in the 3rd quarter. Victory Capital Management Inc. now owns 830,311 shares of the real estate investment trust’s stock valued at $32,133,000 after purchasing an additional 709,126 shares during the last quarter. Metis Global Partners LLC boosted its stake in shares of Kilroy Realty by 29.7% in the 3rd quarter. Metis Global Partners LLC now owns 10,878 shares of the real estate investment trust’s stock valued at $421,000 after purchasing an additional 2,494 shares during the last quarter. Pathstone Holdings LLC boosted its stake in shares of Kilroy Realty by 3.0% in the 3rd quarter. Pathstone Holdings LLC now owns 41,149 shares of the real estate investment trust’s stock valued at $1,604,000 after purchasing an additional 1,186 shares during the last quarter. Commerce Bank boosted its stake in shares of Kilroy Realty by 3.0% in the 3rd quarter. Commerce Bank now owns 11,574 shares of the real estate investment trust’s stock valued at $448,000 after purchasing an additional 342 shares during the last quarter. Finally, 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 during the last quarter. 94.22% of the stock is owned by institutional investors.

Kilroy Realty Price Performance

KRC opened at $33.15 on Monday. The firm has a market cap of $3.92 billion, a P/E ratio of 18.73 and a beta of 1.02. The firm has a 50-day moving average of $36.06 and a 200 day moving average of $38.37. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21. Kilroy Realty Co. has a fifty-two week low of $30.71 and a fifty-two week high of $43.78.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share 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 expect that Kilroy Realty Co. will post 4 EPS for the current year.

Kilroy Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be given a dividend of $0.54 per share. The ex-dividend date is Monday, March 31st. This represents a $2.16 annualized dividend and a yield of 6.52%. Kilroy Realty’s payout ratio is currently 122.03%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on KRC. Evercore ISI cut their target price on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating on the stock in a research note on Wednesday, February 12th. Wells Fargo & Company lowered shares of Kilroy Realty from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $43.00 to $35.00 in a research note on Monday, March 10th. JPMorgan Chase & Co. raised shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $45.00 to $49.00 in a research note on Friday, December 20th. Mizuho restated a “neutral” rating and set a $43.00 price objective (down previously from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. Finally, Jefferies Financial Group downgraded shares of Kilroy Realty from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $45.00 to $41.00 in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, Kilroy Realty currently has an average rating of “Hold” and an average target price of $40.73.

Insiders Place Their Bets

In other Kilroy Realty news, CEO Angela M. Aman bought 2,797 shares of the business’s stock in a transaction on Friday, February 28th. The stock was purchased 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 directly owns 2,797 shares of the company’s stock, valued at $99,153.65. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.49% of the company’s stock.

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.