Kilroy Realty Corp (KRC) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its holdings in Kilroy Realty Corp (NYSE:KRC) by 11.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,427 shares of the real estate investment trust’s stock after selling 1,648 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Kilroy Realty were worth $883,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in KRC. Schwab Charles Investment Management Inc. boosted its holdings in Kilroy Realty by 11.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 855,035 shares of the real estate investment trust’s stock valued at $64,256,000 after purchasing an additional 85,633 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in Kilroy Realty by 5.5% in the second quarter. Advisors Asset Management Inc. now owns 10,530 shares of the real estate investment trust’s stock valued at $791,000 after buying an additional 553 shares during the last quarter. State of Wisconsin Investment Board lifted its stake in Kilroy Realty by 0.4% in the second quarter. State of Wisconsin Investment Board now owns 19,263 shares of the real estate investment trust’s stock valued at $1,448,000 after buying an additional 70 shares during the last quarter. SG Americas Securities LLC lifted its stake in Kilroy Realty by 74.7% in the second quarter. SG Americas Securities LLC now owns 30,601 shares of the real estate investment trust’s stock valued at $2,300,000 after buying an additional 13,087 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Kilroy Realty by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 1,509,699 shares of the real estate investment trust’s stock valued at $113,454,000 after buying an additional 21,829 shares during the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

Shares of Kilroy Realty Corp (NYSE:KRC) opened at $73.18 on Thursday. Kilroy Realty Corp has a 52 week low of $67.00 and a 52 week high of $78.33. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $7,354.07, a P/E ratio of 21.79, a PEG ratio of 2.95 and a beta of 0.79.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.67 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.19). Kilroy Realty had a return on equity of 4.44% and a net margin of 23.77%. The company had revenue of $181.50 million for the quarter, compared to analysts’ expectations of $179.03 million. During the same quarter last year, the company earned $0.92 EPS. Kilroy Realty’s revenue for the quarter was up 7.8% compared to the same quarter last year. research analysts forecast that Kilroy Realty Corp will post 3.52 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Thursday, December 28th. Kilroy Realty’s dividend payout ratio (DPR) is presently 111.84%.

KRC has been the subject of a number of research reports. Stifel Nicolaus reiterated a “buy” rating and issued a $77.00 price objective on shares of Kilroy Realty in a research note on Thursday, September 21st. Zacks Investment Research upgraded Kilroy Realty from a “sell” rating to a “hold” rating in a research note on Saturday, October 28th. KeyCorp reiterated a “hold” rating on shares of Kilroy Realty in a research note on Friday, August 25th. Goldman Sachs Group initiated coverage on Kilroy Realty in a research note on Tuesday, September 19th. They issued a “neutral” rating and a $70.00 price objective for the company. Finally, J P Morgan Chase & Co cut Kilroy Realty from an “overweight” rating to a “neutral” rating and set a $79.00 price objective for the company. in a research note on Friday, December 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $77.63.

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About Kilroy Realty

Kilroy Realty Corporation is a real estate investment trust (REIT). The Company operates through the office properties segment. It operates in office and mixed-use submarkets along the West Coast. It owns, develops, acquires and manages real estate assets, consisting primarily of Class A properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and Greater Seattle.

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Institutional Ownership by Quarter for Kilroy Realty (NYSE:KRC)

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