Profund Advisors LLC cut its stake in shares of Kilroy Realty Corp (NYSE:KRC) by 1.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,782 shares of the real estate investment trust’s stock after selling 179 shares during the quarter. Profund Advisors LLC’s holdings in Kilroy Realty were worth $1,017,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the company. CAPROCK Group Inc. acquired a new position in Kilroy Realty in the second quarter valued at approximately $205,000. Piedmont Investment Advisors Inc. acquired a new position in Kilroy Realty in the first quarter valued at approximately $207,000. Bailard Inc. acquired a new position in Kilroy Realty in the second quarter valued at approximately $214,000. BB&T Securities LLC boosted its holdings in Kilroy Realty by 11.8% in the second quarter. BB&T Securities LLC now owns 2,987 shares of the real estate investment trust’s stock valued at $220,000 after purchasing an additional 316 shares in the last quarter. Finally, Cigna Investments Inc. New acquired a new position in Kilroy Realty in the first quarter valued at approximately $221,000.
In other news, CAO Merryl Elizabeth Werber sold 1,500 shares of the stock in a transaction that occurred on Wednesday, June 19th. The stock was sold at an average price of $78.00, for a total value of $117,000.00. Following the completion of the sale, the chief accounting officer now directly owns 8,120 shares of the company’s stock, valued at $633,360. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.26% of the stock is currently owned by corporate insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 16th. Stockholders of record on Monday, September 30th will be issued a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Friday, September 27th. Kilroy Realty’s payout ratio is currently 55.75%.
A number of equities analysts recently issued reports on KRC shares. ValuEngine downgraded Kilroy Realty from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. BMO Capital Markets set a $81.00 price objective on Kilroy Realty and gave the company a “buy” rating in a report on Wednesday, July 24th. Zacks Investment Research downgraded Kilroy Realty from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Finally, Robert W. Baird set a $91.00 price objective on Kilroy Realty and gave the company a “buy” rating in a report on Wednesday, August 21st. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $82.57.
Kilroy Realty Profile
Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast's premier landlords. The company has over 70 years of experience developing, acquiring and managing office and mixed-use real estate assets. The company provides physical work environments that foster creativity and productivity and serves a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies.
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