Coldstream Capital Management Inc. Sells 896 Shares of Kilroy Realty Co. (NYSE:KRC)

Coldstream Capital Management Inc. lowered its holdings in shares of Kilroy Realty Co. (NYSE:KRC) by 10.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,388 shares of the real estate investment trust’s stock after selling 896 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Kilroy Realty were worth $294,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of KRC. Norges Bank purchased a new stake in shares of Kilroy Realty in the fourth quarter valued at $360,831,000. Robeco Institutional Asset Management B.V. raised its stake in shares of Kilroy Realty by 22.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 180,000 shares of the real estate investment trust’s stock valued at $7,171,000 after acquiring an additional 33,000 shares during the period. Westpac Banking Corp raised its stake in shares of Kilroy Realty by 2.1% in the fourth quarter. Westpac Banking Corp now owns 35,609 shares of the real estate investment trust’s stock valued at $1,419,000 after acquiring an additional 735 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Kilroy Realty by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,631,938 shares of the real estate investment trust’s stock valued at $65,019,000 after acquiring an additional 12,936 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in shares of Kilroy Realty by 49.6% in the fourth quarter. BNP Paribas Financial Markets now owns 212,797 shares of the real estate investment trust’s stock valued at $8,478,000 after acquiring an additional 70,576 shares during the period. Institutional investors own 94.22% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. KeyCorp reduced their target price on shares of Kilroy Realty from $47.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Kilroy Realty in a research note on Tuesday, January 30th. They issued a “hold” rating and a $40.00 target price on the stock. Royal Bank of Canada downgraded shares of Kilroy Realty from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $44.00 to $39.00 in a research note on Friday, March 8th. Finally, Barclays began coverage on shares of Kilroy Realty in a research note on Wednesday, March 27th. They issued an “equal weight” rating and a $38.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $39.00.

Kilroy Realty Price Performance

NYSE:KRC opened at $32.50 on Friday. Kilroy Realty Co. has a fifty-two week low of $26.12 and a fifty-two week high of $43.37. The stock has a market capitalization of $3.81 billion, a P/E ratio of 18.68, a P/E/G ratio of 2.41 and a beta of 1.02. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.30 and a current ratio of 3.30. The company’s 50-day simple moving average is $34.32 and its 200-day simple moving average is $35.73.

Kilroy Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 28th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.65%. The ex-dividend date is Friday, June 28th. Kilroy Realty’s dividend payout ratio is currently 124.14%.

Insider Activity

In other news, CAO Merryl Elizabeth Werber sold 3,329 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $33.66, for a total value of $112,054.14. Following the sale, the chief accounting officer now directly owns 29,081 shares in the company, valued at approximately $978,866.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Merryl Elizabeth Werber sold 3,329 shares of Kilroy Realty stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $33.66, for a total value of $112,054.14. Following the completion of the sale, the chief accounting officer now directly owns 29,081 shares in the company, valued at approximately $978,866.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider A. Robert Paratte sold 12,000 shares of Kilroy Realty stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $33.35, for a total transaction of $400,200.00. Following the completion of the sale, the insider now owns 68,139 shares of the company’s stock, valued at $2,272,435.65. The disclosure for this sale can be found here. Company insiders own 2.49% of the company’s stock.

Kilroy Realty 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.