abrdn plc Acquires 376,743 Shares of Kilroy Realty Co. (NYSE:KRC)

abrdn plc grew its holdings in Kilroy Realty Co. (NYSE:KRC - Free Report) by 1,592.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 400,404 shares of the real estate investment trust's stock after purchasing an additional 376,743 shares during the quarter. abrdn plc owned about 0.34% of Kilroy Realty worth $16,216,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Creative Planning boosted its holdings in Kilroy Realty by 10.4% during the second quarter. Creative Planning now owns 30,162 shares of the real estate investment trust's stock valued at $940,000 after purchasing an additional 2,850 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Kilroy Realty in the second quarter valued at approximately $268,000. Handelsbanken Fonder AB raised its stake in shares of Kilroy Realty by 19.0% in the third quarter. Handelsbanken Fonder AB now owns 31,274 shares of the real estate investment trust's stock valued at $1,210,000 after acquiring an additional 5,000 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Kilroy Realty by 33.6% in the third quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust's stock valued at $57,000 after acquiring an additional 371 shares during the last quarter. Finally, CWM LLC raised its position in shares of Kilroy Realty by 25.2% during the 3rd quarter. CWM LLC now owns 3,802 shares of the real estate investment trust's stock valued at $147,000 after acquiring an additional 766 shares during the last quarter. 94.22% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Royal Bank of Canada reissued a "sector perform" rating and issued a $44.00 price target on shares of Kilroy Realty in a report on Monday. Barclays reduced their target price on shares of Kilroy Realty from $43.00 to $42.00 and set an "equal weight" rating for the company in a research note on Monday, February 3rd. Jefferies Financial Group cut shares of Kilroy Realty from a "buy" rating to a "hold" rating and cut their price target for the stock from $45.00 to $41.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. raised shares of Kilroy Realty from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $45.00 to $49.00 in a research report on Friday, December 20th. Finally, Evercore ISI boosted their price target on shares of Kilroy Realty from $40.00 to $41.00 and gave the stock an "in-line" rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $41.20.

Kilroy Realty Stock Performance

Shares of KRC stock traded down $0.38 during trading on Monday, reaching $36.87. 647,932 shares of the company's stock traded hands, compared to its average volume of 1,246,208. The company has a market capitalization of $4.35 billion, a P/E ratio of 22.10 and a beta of 1.02. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.89. The firm's 50-day moving average is $39.39 and its 200 day moving average is $38.45. Kilroy Realty Co. has a 1 year low of $30.71 and a 1 year high of $43.78.

Kilroy Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 31st were issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 5.86%. The ex-dividend date was Tuesday, December 31st. Kilroy Realty's dividend payout ratio is currently 129.34%.

Insiders Place Their Bets

In related news, insider Heidi Rena Roth sold 12,000 shares of Kilroy Realty stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.28, for a total transaction of $507,360.00. Following the completion of the transaction, the insider now directly owns 50,211 shares of the company's stock, valued at $2,122,921.08. This trade represents a 19.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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.