Honeywell International Inc. cut its stake in Kilroy Realty Corporation (NYSE:KRC) by 30.3% during the second quarter, Holdings Channel reports. The fund owned 26,880 shares of the real estate investment trust’s stock after selling 11,700 shares during the period. Honeywell International Inc.’s holdings in Kilroy Realty Corporation were worth $2,020,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of KRC. BlackRock Inc. boosted its stake in Kilroy Realty Corporation by 4,354.2% in the first quarter. BlackRock Inc. now owns 11,146,694 shares of the real estate investment trust’s stock valued at $803,452,000 after buying an additional 10,896,443 shares during the last quarter. Morgan Stanley boosted its stake in Kilroy Realty Corporation by 617.2% in the first quarter. Morgan Stanley now owns 1,070,178 shares of the real estate investment trust’s stock valued at $77,138,000 after buying an additional 920,954 shares during the last quarter. Bank of Montreal Can boosted its stake in Kilroy Realty Corporation by 707.1% in the first quarter. Bank of Montreal Can now owns 952,162 shares of the real estate investment trust’s stock valued at $68,632,000 after buying an additional 834,194 shares during the last quarter. Vanguard Group Inc. boosted its stake in Kilroy Realty Corporation by 5.7% in the first quarter. Vanguard Group Inc. now owns 14,940,397 shares of the real estate investment trust’s stock valued at $1,076,904,000 after buying an additional 799,701 shares during the last quarter. Finally, Brookfield Asset Management Inc. boosted its stake in Kilroy Realty Corporation by 17.6% in the first quarter. Brookfield Asset Management Inc. now owns 2,410,474 shares of the real estate investment trust’s stock valued at $173,747,000 after buying an additional 360,974 shares during the last quarter. Institutional investors own 99.72% of the company’s stock.

Kilroy Realty Corporation (NYSE KRC) opened at 69.33 on Wednesday. The firm has a market capitalization of $6.81 billion, a PE ratio of 50.39 and a beta of 0.74. Kilroy Realty Corporation has a one year low of $65.77 and a one year high of $78.33. The stock’s 50 day moving average price is $73.43 and its 200 day moving average price is $73.58.

Kilroy Realty Corporation (NYSE:KRC) last issued its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.01. Kilroy Realty Corporation had a net margin of 21.75% and a return on equity of 4.11%. The business had revenue of $180.60 million during the quarter, compared to analysts’ expectations of $178.63 million. During the same period last year, the company posted $0.86 EPS. The company’s revenue was up 12.8% on a year-over-year basis. Analysts expect that Kilroy Realty Corporation will post $1.26 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 12th. Stockholders of record on Friday, June 30th were paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.45%. This is a boost from Kilroy Realty Corporation’s previous quarterly dividend of $0.38. The ex-dividend date was Wednesday, June 28th. Kilroy Realty Corporation’s dividend payout ratio (DPR) is 122.30%.

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KRC has been the topic of several research analyst reports. Zacks Investment Research cut Kilroy Realty Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, April 12th. BidaskClub upgraded Kilroy Realty Corporation from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Stifel Nicolaus restated a “buy” rating and set a $80.00 target price on shares of Kilroy Realty Corporation in a report on Thursday, July 6th. Finally, Deutsche Bank AG boosted their target price on Kilroy Realty Corporation from $75.00 to $78.00 and gave the stock a “hold” rating in a report on Thursday, May 25th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $79.20.

In other news, insider Justin William Smart sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $76.66, for a total transaction of $766,600.00. Following the completion of the transaction, the insider now directly owns 93,017 shares of the company’s stock, valued at approximately $7,130,683.22. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.28% of the company’s stock.

About Kilroy Realty Corporation

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 Corporation (NYSE:KRC)

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