Invesco Ltd. Increases Stake in Kilroy Realty Co. (NYSE:KRC)

Invesco Ltd. raised its holdings in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 23.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 626,653 shares of the real estate investment trust's stock after purchasing an additional 120,925 shares during the period. Invesco Ltd. owned 0.53% of Kilroy Realty worth $25,348,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Norges Bank bought a new position in Kilroy Realty in the 4th quarter worth $366,356,000. abrdn plc lifted its holdings in shares of 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 valued at $16,216,000 after purchasing an additional 376,743 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings 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 valued at $19,023,000 after acquiring an additional 282,391 shares during the last quarter. Principal Financial Group Inc. grew its position in 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 worth $196,680,000 after purchasing an additional 218,163 shares during the period. Finally, Prudential Financial Inc. increased its position in Kilroy Realty by 12.9% during 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 acquiring an additional 187,712 shares during the last quarter. 94.22% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider A. Robert Paratte sold 6,000 shares of Kilroy Realty 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 directly owns 86,744 shares of the company's stock, valued at $3,013,486.56. The trade was a 6.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Angela M. Aman acquired 2,797 shares of Kilroy Realty stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average cost of $35.45 per share, with a total value of $99,153.65. Following the completion of the purchase, the chief executive officer now owns 2,797 shares in the company, valued at $99,153.65. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.49% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group reissued a "neutral" rating and issued a $36.00 price objective (down previously from $42.00) on shares of Kilroy Realty in a report on Friday, March 28th. Evercore ISI cut their price target on Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating for the company in a report on Wednesday, February 12th. Royal Bank of Canada lowered their target price on shares of Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating on the stock in a report on Monday, March 10th. Jefferies Financial Group started coverage on shares of Kilroy Realty in a research report on Monday, March 17th. They set a "hold" rating and a $34.00 price objective for the company. Finally, KeyCorp decreased their target price on shares of Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating on the stock in a research report on Monday, March 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Kilroy Realty has an average rating of "Hold" and an average target price of $38.82.

Kilroy Realty Stock Down 0.2 %

NYSE KRC traded down $0.07 on Thursday, hitting $32.45. The stock had a trading volume of 488,220 shares, compared to its average volume of 1,218,674. The business's fifty day moving average price is $32.80 and its 200 day moving average price is $37.26. Kilroy Realty Co. has a 52-week low of $27.07 and a 52-week high of $43.78. The stock has a market cap of $3.84 billion, a price-to-earnings ratio of 18.32 and a beta of 1.04. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.21 and a quick ratio of 2.21.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued its quarterly 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 net margin of 18.58% and a return on equity of 3.75%. Equities research analysts anticipate that Kilroy Realty Co. will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

The business also recently disclosed 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. This represents a $2.16 annualized dividend and a yield of 6.66%. The ex-dividend date of this dividend was Monday, March 31st. Kilroy Realty's payout ratio is 122.03%.

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.