Corebridge Financial Inc. Sells 4,726 Shares of Kilroy Realty Co. (NYSE:KRC)

Corebridge Financial Inc. lowered its position in shares of Kilroy Realty Co. (NYSE:KRC) by 3.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 120,289 shares of the real estate investment trust’s stock after selling 4,726 shares during the period. Corebridge Financial Inc.’s holdings in Kilroy Realty were worth $4,866,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. LPL Financial LLC grew its holdings in shares of Kilroy Realty by 24.3% during the fourth quarter. LPL Financial LLC now owns 52,746 shares of the real estate investment trust’s stock worth $2,134,000 after purchasing an additional 10,328 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in Kilroy Realty during the 4th quarter worth approximately $1,235,000. Sei Investments Co. increased its position in Kilroy Realty by 0.9% in the 4th quarter. Sei Investments Co. now owns 664,695 shares of the real estate investment trust’s stock valued at $26,887,000 after acquiring an additional 5,915 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Kilroy Realty by 40.7% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 61,541 shares of the real estate investment trust’s stock valued at $2,489,000 after acquiring an additional 17,811 shares during the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of Kilroy Realty by 15.5% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 91,854 shares of the real estate investment trust’s stock worth $3,715,000 after purchasing an additional 12,328 shares during the period. Institutional investors and hedge funds own 94.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KRC. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $36.00 target price (down from $42.00) on shares of Kilroy Realty in a research report on Friday. Evercore ISI lowered their price objective on Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a research report on Wednesday, February 12th. JPMorgan Chase & Co. upgraded Kilroy Realty from a “neutral” rating to an “overweight” rating and upped their target price for the company from $45.00 to $49.00 in a report on Friday, December 20th. Wells Fargo & Company lowered shares of Kilroy Realty from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $43.00 to $35.00 in a report on Monday, March 10th. Finally, Royal Bank of Canada decreased their price objective on shares of Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating for the company in a research report on Monday, March 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $39.55.

Kilroy Realty Stock Down 2.8 %

Kilroy Realty stock opened at $33.26 on Friday. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $3.93 billion, a PE ratio of 18.79 and a beta of 1.02. The firm’s fifty day moving average is $35.43 and its 200 day moving average is $38.28. Kilroy Realty Co. has a 12-month low of $30.71 and a 12-month high of $43.78.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts predict that Kilroy Realty Co. will post 4 EPS for the current fiscal year.

Kilroy Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.16 annualized dividend and a dividend yield of 6.50%. Kilroy Realty’s dividend payout ratio is 122.03%.

Insider Transactions at Kilroy Realty

In other news, EVP John Osmond sold 4,000 shares of Kilroy Realty stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $35.16, for a total transaction of $140,640.00. Following the completion of the transaction, the executive vice president now directly owns 12,528 shares in the company, valued at $440,484.48. This trade represents a 24.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider A. Robert Paratte sold 6,000 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $34.74, for a total transaction of $208,440.00. Following the sale, the insider now directly 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. 2.49% of the stock is owned by 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.