Kilroy Realty Co. (NYSE:KRC) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in Kilroy Realty Co. (NYSE:KRC - Free Report) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,066,597 shares of the real estate investment trust's stock after acquiring an additional 14,196 shares during the quarter. Geode Capital Management LLC owned 1.75% of Kilroy Realty worth $83,616,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Kilroy Realty in the 4th quarter valued at about $366,356,000. abrdn plc grew its stake in Kilroy Realty by 1,592.3% during the fourth quarter. abrdn plc now owns 400,404 shares of the real estate investment trust's stock worth $16,216,000 after buying an additional 376,743 shares during the period. Principal Financial Group Inc. raised its stake in shares of Kilroy Realty by 4.7% in the 4th quarter. Principal Financial Group Inc. now owns 4,862,310 shares of the real estate investment trust's stock valued at $196,680,000 after acquiring an additional 218,163 shares during the period. Prudential Financial Inc. lifted its holdings in shares of Kilroy Realty by 12.9% during the 4th quarter. Prudential Financial Inc. now owns 1,645,915 shares of the real estate investment trust's stock valued at $63,862,000 after acquiring an additional 187,712 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in Kilroy Realty during the 4th quarter worth $3,621,000. Hedge funds and other institutional investors own 94.22% of the company's stock.

Kilroy Realty Stock Performance

KRC stock traded up $0.50 during midday trading on Wednesday, reaching $31.87. The company had a trading volume of 51,901 shares, compared to its average volume of 1,204,103. The firm has a market capitalization of $3.77 billion, a PE ratio of 17.87 and a beta of 1.04. The stock has a 50 day moving average price of $33.28 and a 200 day moving average price of $37.52. Kilroy Realty Co. has a fifty-two week low of $27.07 and a fifty-two week high of $43.78. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.82.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. Analysts anticipate that Kilroy Realty Co. will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st were paid a $0.54 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.16 annualized dividend and a dividend yield of 6.78%. Kilroy Realty's payout ratio is currently 122.03%.

Insider Activity

In other news, insider A. Robert Paratte sold 6,000 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $34.74, for a total value of $208,440.00. Following the completion of the transaction, the insider now directly owns 86,744 shares in the company, valued at $3,013,486.56. This trade represents a 6.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John Osmond sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $35.16, for a total value of $140,640.00. Following the completion of the sale, the executive vice president now owns 12,528 shares of the company's stock, valued at $440,484.48. This trade represents a 24.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.49% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on KRC shares. The Goldman Sachs Group restated a "neutral" rating and set a $36.00 price objective (down previously from $42.00) on shares of Kilroy Realty in a research note on Friday, March 28th. KeyCorp decreased their price target on Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating for the company in a report on Monday, March 31st. Evercore ISI decreased their target price on shares of Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating for the company in a research note on Wednesday, February 12th. JPMorgan Chase & Co. dropped their price target on shares of Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Finally, Wells Fargo & Company downgraded Kilroy Realty from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $43.00 to $35.00 in a research note on Monday, March 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Kilroy Realty currently has a consensus rating of "Hold" and an average price target of $38.82.

Kilroy Realty Company 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.