Janus Henderson Group PLC Sells 454,731 Shares of Kilroy Realty Co. (NYSE:KRC)

Janus Henderson Group PLC lessened its stake in shares of Kilroy Realty Co. (NYSE:KRC) by 33.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 911,471 shares of the real estate investment trust’s stock after selling 454,731 shares during the period. Janus Henderson Group PLC’s holdings in Kilroy Realty were worth $36,877,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Summit Securities Group LLC bought a new stake in shares of Kilroy Realty during the fourth quarter valued at approximately $49,000. Fifth Third Bancorp raised its stake in shares of Kilroy Realty by 31.7% during the fourth quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust’s stock valued at $102,000 after acquiring an additional 607 shares in the last quarter. FIL Ltd raised its stake in shares of Kilroy Realty by 52.4% during the fourth quarter. FIL Ltd now owns 3,442 shares of the real estate investment trust’s stock valued at $139,000 after acquiring an additional 1,184 shares in the last quarter. KBC Group NV raised its stake in shares of Kilroy Realty by 54.2% during the fourth quarter. KBC Group NV now owns 4,819 shares of the real estate investment trust’s stock valued at $195,000 after acquiring an additional 1,694 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its stake 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 buying an additional 1,963 shares in the last quarter. Institutional investors own 94.22% of the company’s stock.

Insider Buying and Selling at Kilroy Realty

In other news, CEO Angela M. Aman acquired 2,797 shares of Kilroy Realty stock in a transaction dated Friday, February 28th. The stock was purchased at an average cost of $35.45 per share, for a total transaction of $99,153.65. Following the completion of the purchase, the chief executive officer now directly owns 2,797 shares in the company, valued at $99,153.65. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John Osmond sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $35.16, for a total value of $140,640.00. Following the completion of the transaction, the executive vice president now owns 12,528 shares of the company’s stock, valued at approximately $440,484.48. The trade was a 24.20% 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.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. KeyCorp reduced their price objective 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. JPMorgan Chase & Co. reduced their price objective on shares of Kilroy Realty from $49.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, April 2nd. Wells Fargo & Company downgraded shares of Kilroy Realty from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $43.00 to $35.00 in a research note on Monday, March 10th. Evercore ISI reduced their price objective on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a research note on Wednesday, February 12th. Finally, Jefferies Financial Group assumed coverage on shares of Kilroy Realty in a research note on Monday, March 17th. They issued a “hold” rating and a $34.00 price objective for the company. 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $38.82.

Kilroy Realty Trading Down 0.8%

Kilroy Realty stock opened at $31.49 on Thursday. The stock has a 50-day moving average of $32.10 and a two-hundred day moving average of $36.38. 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 one year low of $27.07 and a one year high of $43.78. The stock has a market cap of $3.72 billion, a PE ratio of 17.79 and a beta of 1.16.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.01). Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. The business had revenue of $270.84 million during the quarter, compared to analysts’ expectations of $274.90 million. During the same quarter last year, the business posted $1.11 earnings per share. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, research analysts anticipate that Kilroy Realty Co. will post 4 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 6.86%. The ex-dividend date of this dividend was Monday, March 31st. Kilroy Realty’s dividend payout ratio (DPR) is presently 128.57%.

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.