Foresight Group Ltd Liability Partnership Sells 15,271 Shares of Kilroy Realty Co. (NYSE:KRC)

Foresight Group Ltd Liability Partnership decreased its stake in Kilroy Realty Co. (NYSE:KRC) by 25.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,554 shares of the real estate investment trust’s stock after selling 15,271 shares during the period. Kilroy Realty accounts for approximately 1.1% of Foresight Group Ltd Liability Partnership’s holdings, making the stock its 16th largest position. Foresight Group Ltd Liability Partnership’s holdings in Kilroy Realty were worth $1,805,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Wilmington Savings Fund Society FSB bought a new position in shares of Kilroy Realty in the third quarter valued at $34,000. UMB Bank n.a. grew its position in shares of Kilroy Realty by 126.5% in the 3rd quarter. UMB Bank n.a. now owns 967 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 540 shares during the period. Quarry LP acquired a new position in shares of Kilroy Realty during the 2nd quarter worth about $55,000. GAMMA Investing LLC raised its holdings in shares of Kilroy Realty by 33.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 371 shares during the period. Finally, Versant Capital Management Inc lifted its stake in 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 valued at $105,000 after purchasing an additional 336 shares during the last quarter. Institutional investors and hedge funds own 94.22% of the company’s stock.

Kilroy Realty Stock Performance

Shares of Kilroy Realty stock opened at $38.29 on Friday. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.89. The company has a market cap of $4.52 billion, a PE ratio of 22.93 and a beta of 1.02. The company has a 50 day moving average of $40.08 and a 200-day moving average of $37.89. Kilroy Realty Co. has a 1-year low of $30.71 and a 1-year high of $43.78.

Kilroy Realty (NYSE:KRC) last issued its earnings results on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.60). Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. The business had revenue of $289.94 million during the quarter, compared to analyst estimates of $275.77 million. During the same period in the prior year, the business posted $1.12 EPS. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, equities research analysts forecast that Kilroy Realty Co. will post 4.42 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 31st were issued a $0.54 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.64%. Kilroy Realty’s dividend payout ratio (DPR) is currently 129.34%.

Analyst Ratings Changes

A number of equities analysts have weighed in on KRC shares. Mizuho reissued a “neutral” rating and set a $43.00 price target (down previously from $45.00) on shares of Kilroy Realty in a research report on Tuesday, January 7th. Evercore ISI boosted their target price on Kilroy Realty from $40.00 to $41.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Barclays cut their price target on Kilroy Realty from $44.00 to $43.00 and set an “equal weight” rating for the company in a report on Monday. JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $45.00 to $49.00 in a report on Friday, December 20th. Finally, Jefferies Financial Group cut shares of Kilroy Realty from a “buy” rating to a “hold” rating and cut their target price for the stock from $45.00 to $41.00 in a research note on Thursday, January 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Kilroy Realty currently has an average rating of “Hold” and an average price target of $40.80.

Insider Activity

In related news, insider Heidi Rena Roth sold 12,000 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 50,211 shares of the company’s stock, valued at $2,122,921.08. This represents a 19.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.49% of the stock is currently owned by corporate insiders.

Kilroy Realty 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.