Greenland Capital Management LP Invests $722,000 in Kilroy Realty Co. (NYSE:KRC)

Greenland Capital Management LP bought a new position in Kilroy Realty Co. (NYSE:KRC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,858 shares of the real estate investment trust's stock, valued at approximately $722,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank acquired a new position in Kilroy Realty during the fourth quarter worth $366,356,000. abrdn plc grew its holdings in shares of Kilroy Realty by 1,592.3% in the 4th quarter. abrdn plc now owns 400,404 shares of the real estate investment trust's stock worth $16,216,000 after purchasing an additional 376,743 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Kilroy Realty by 150.3% during the 4th quarter. Russell Investments Group Ltd. now owns 470,282 shares of the real estate investment trust's stock worth $19,023,000 after purchasing an additional 282,391 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Kilroy Realty by 4.7% during 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 purchasing an additional 218,163 shares during the last quarter. Finally, Prudential Financial Inc. boosted its position in Kilroy Realty by 12.9% in the fourth quarter. Prudential Financial Inc. now owns 1,645,915 shares of the real estate investment trust's stock valued at $63,862,000 after buying an additional 187,712 shares in the last quarter. Institutional investors own 94.22% of the company's stock.

Insider Buying and Selling

In other Kilroy Realty news, insider A. Robert Paratte sold 6,000 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $34.74, for a total value of $208,440.00. Following the sale, the insider now owns 86,744 shares in the company, valued at approximately $3,013,486.56. The trade was a 6.47 % decrease in their position. 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 firm'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 transaction of $140,640.00. Following the transaction, the executive vice president now directly owns 12,528 shares of the company's stock, valued at $440,484.48. This represents a 24.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.49% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. KeyCorp cut their target price on shares of Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating for the company in a research note on Monday, March 31st. Royal Bank of Canada reduced their price objective on Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating on the stock in a research note on Monday, March 10th. Jefferies Financial Group started coverage on Kilroy Realty in a research note on Monday, March 17th. They issued a "hold" rating and a $34.00 target price for the company. Barclays raised shares of Kilroy Realty from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $42.00 to $44.00 in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $38.82.

Kilroy Realty Trading Up 2.3 %

KRC traded up $0.69 during trading on Monday, reaching $30.45. 408,313 shares of the company's stock were exchanged, compared to its average volume of 1,603,647. The company's fifty day moving average price is $33.52 and its 200-day moving average price is $37.62. The firm has a market capitalization of $3.60 billion, a PE ratio of 17.20 and a beta of 1.04. 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 debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21.

Kilroy Realty (NYSE:KRC - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. As a group, equities analysts forecast that Kilroy Realty Co. will post 4 EPS for the current year.

Kilroy Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.16 annualized dividend and a yield of 7.09%. Kilroy Realty's dividend payout ratio is presently 122.03%.

About Kilroy Realty

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.