Aew Capital Management L P Sells 27,400 Shares of Kilroy Realty Co. (NYSE:KRC)

Aew Capital Management L P reduced its position in shares of Kilroy Realty Co. (NYSE:KRC) by 4.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 569,199 shares of the real estate investment trust’s stock after selling 27,400 shares during the period. Kilroy Realty comprises about 1.1% of Aew Capital Management L P’s investment portfolio, making the stock its 27th biggest position. Aew Capital Management L P owned 0.48% of Kilroy Realty worth $23,024,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in shares of Kilroy Realty by 4.7% in the fourth quarter. Principal Financial Group Inc. now owns 4,862,310 shares of the real estate investment trust’s stock worth $196,680,000 after acquiring an additional 218,163 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Kilroy Realty by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,171,717 shares of the real estate investment trust’s stock worth $84,045,000 after acquiring an additional 27,660 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Kilroy Realty by 428.5% in the third 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 worth $32,933,000 after acquiring an additional 689,962 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Kilroy Realty by 585.2% in the third quarter. Victory Capital Management Inc. now owns 830,311 shares of the real estate investment trust’s stock worth $32,133,000 after acquiring an additional 709,126 shares during the last quarter. Finally, abrdn plc raised its stake in shares of Kilroy Realty by 1,592.3% in the fourth quarter. abrdn plc now owns 400,404 shares of the real estate investment trust’s stock worth $16,216,000 after acquiring an additional 376,743 shares during the last quarter. 94.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

KRC has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $45.00 to $49.00 in a research note on Friday, December 20th. Scotiabank downgraded shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price target for the company. in a research note on Thursday, November 14th. Royal Bank of Canada reissued a “sector perform” rating and set a $44.00 price target on shares of Kilroy Realty in a research note on Monday, February 10th. The Goldman Sachs Group dropped their price target on shares of Kilroy Realty from $48.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Finally, Jefferies Financial Group downgraded shares of Kilroy Realty from a “buy” rating to a “hold” rating and dropped their price target for the stock from $45.00 to $41.00 in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Kilroy Realty has a consensus rating of “Hold” and an average price target of $41.45.

Insider Activity

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

Kilroy Realty Stock Up 0.5 %

Shares of NYSE KRC opened at $35.72 on Friday. The stock has a market cap of $4.22 billion, a P/E ratio of 20.18 and a beta of 1.02. The firm has a 50 day moving average price of $37.59 and a 200 day moving average price of $38.41. 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 52-week low of $30.71 and a 52-week high of $43.78.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.17. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. 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. Stockholders of record on Monday, March 31st will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 6.05%. The ex-dividend date of this dividend is Monday, March 31st. Kilroy Realty’s dividend payout ratio (DPR) is presently 122.03%.

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.