Squarepoint Ops LLC Sells 86,956 Shares of Kilroy Realty Co. (NYSE:KRC)

Squarepoint Ops LLC decreased its stake in Kilroy Realty Co. (NYSE:KRC) by 70.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,484 shares of the real estate investment trust’s stock after selling 86,956 shares during the period. Squarepoint Ops LLC’s holdings in Kilroy Realty were worth $1,476,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Summit Securities Group LLC bought a new stake in Kilroy Realty in the fourth quarter worth about $49,000. Fifth Third Bancorp raised its position in Kilroy Realty by 31.7% in the fourth quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust’s stock worth $102,000 after acquiring an additional 607 shares during the period. FIL Ltd raised its position in Kilroy Realty by 52.4% in the fourth quarter. FIL Ltd now owns 3,442 shares of the real estate investment trust’s stock worth $139,000 after acquiring an additional 1,184 shares during the period. KBC Group NV raised its position in Kilroy Realty by 54.2% in the fourth quarter. KBC Group NV now owns 4,819 shares of the real estate investment trust’s stock worth $195,000 after acquiring an additional 1,694 shares during the period. Finally, Venturi Wealth Management LLC raised its position in Kilroy Realty by 67.4% in the fourth quarter. Venturi Wealth Management LLC now owns 4,875 shares of the real estate investment trust’s stock worth $197,000 after acquiring an additional 1,963 shares during the period. Institutional investors own 94.22% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on KRC shares. Jefferies Financial Group started coverage on shares of Kilroy Realty in a research note on Monday, March 17th. They issued a “hold” rating and a $34.00 target price for the company. Barclays upgraded shares of Kilroy Realty from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $42.00 to $44.00 in a research note on Thursday, February 27th. Royal Bank of Canada reduced their target price on shares of Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating for the company in a research note on Monday, March 10th. KeyCorp reduced their target price on shares of Kilroy Realty from $45.00 to $41.00 and set an “overweight” rating for the company in a research note on Monday, March 31st. Finally, Wells Fargo & Company reduced their target price on shares of Kilroy Realty from $35.00 to $33.00 and set an “equal weight” rating for the company in a research note on Monday, May 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $39.10.

Kilroy Realty Price Performance

Shares of NYSE:KRC opened at $32.22 on Friday. The company has a 50 day moving average of $31.71 and a 200 day moving average of $35.69. The stock has a market cap of $3.81 billion, a P/E ratio of 18.20 and a beta of 1.16. Kilroy Realty Co. has a 12 month low of $27.07 and a 12 month high of $43.78. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.02 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.01). Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. The firm had revenue of $270.84 million for the quarter, compared to analysts’ expectations of $274.90 million. During the same period in the prior year, the firm posted $1.11 EPS. Kilroy Realty’s revenue was down 2.8% on a year-over-year basis. As a group, sell-side analysts forecast that Kilroy Realty Co. will post 4 EPS for the current fiscal year.

Kilroy Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Monday, June 30th will be given a dividend of $0.54 per share. The ex-dividend date is Monday, June 30th. This represents a $2.16 annualized dividend and a yield of 6.70%. Kilroy Realty’s payout ratio is presently 128.57%.

Insider Buying and Selling at Kilroy Realty

In other news, EVP John Osmond sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $35.16, for a total value of $140,640.00. Following the completion of the sale, the executive vice president now directly owns 12,528 shares in the company, valued at approximately $440,484.48. The trade was a 24.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider A. Robert Paratte sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $34.74, for a total transaction of $208,440.00. Following the completion of the sale, the insider now owns 86,744 shares of the company’s stock, valued at approximately $3,013,486.56. The trade was a 6.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by company insiders.

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.