Prudential Financial Inc. Has $63.86 Million Stake in Kilroy Realty Co. (NYSE:KRC)

Prudential Financial Inc. increased its stake in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 12.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,645,915 shares of the real estate investment trust's stock after buying an additional 187,712 shares during the quarter. Prudential Financial Inc. owned about 1.39% of Kilroy Realty worth $63,862,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of KRC. Pathstone Holdings LLC boosted its stake in Kilroy Realty by 3.0% during the 3rd quarter. Pathstone Holdings LLC now owns 41,149 shares of the real estate investment trust's stock valued at $1,604,000 after purchasing an additional 1,186 shares during the period. Commerce Bank boosted its position in shares of Kilroy Realty by 3.0% during the third quarter. Commerce Bank now owns 11,574 shares of the real estate investment trust's stock worth $448,000 after buying an additional 342 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Kilroy Realty by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,171,717 shares of the real estate investment trust's stock worth $84,045,000 after buying an additional 27,660 shares in the last quarter. Penserra Capital Management LLC increased its position in Kilroy Realty by 22.8% in the 3rd quarter. Penserra Capital Management LLC now owns 37,569 shares of the real estate investment trust's stock valued at $1,453,000 after acquiring an additional 6,975 shares during the period. Finally, Daiwa Securities Group Inc. raised its stake in Kilroy Realty by 364.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 155,291 shares of the real estate investment trust's stock valued at $6,010,000 after acquiring an additional 121,853 shares in the last quarter. Institutional investors own 94.22% of the company's stock.

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Wall Street Analyst Weigh In

KRC has been the subject of several research analyst reports. Barclays upgraded shares of Kilroy Realty from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $42.00 to $44.00 in a research report on Thursday, February 27th. Evercore ISI decreased their target price on 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. Wells Fargo & Company lowered shares of Kilroy Realty from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $43.00 to $35.00 in a research report on Monday, March 10th. The Goldman Sachs Group reissued a "neutral" rating and set a $36.00 target price (down from $42.00) on shares of Kilroy Realty in a research note on Friday. Finally, Jefferies Financial Group assumed coverage on shares of Kilroy Realty in a research report on Monday, March 17th. They issued a "hold" rating and a $34.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $39.55.

Kilroy Realty Trading Down 2.8 %

Shares of NYSE:KRC traded down $0.98 during mid-day trading on Friday, hitting $33.26. The stock had a trading volume of 1,690,891 shares, compared to its average volume of 1,143,460. Kilroy Realty Co. has a 12-month low of $30.71 and a 12-month 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. The company has a market cap of $3.93 billion, a PE ratio of 18.79 and a beta of 1.02. The company's 50 day moving average is $35.43 and its 200-day moving average is $38.28.

Kilroy Realty (NYSE:KRC - Get Free Report) last released its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts predict that Kilroy Realty Co. will post 4 EPS for the current year.

Kilroy Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be issued a $0.54 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.50%. Kilroy Realty's dividend payout ratio is 122.03%.

Insider Transactions at Kilroy Realty

In other news, CEO Angela M. Aman bought 2,797 shares of the company's stock in a transaction on Friday, February 28th. The shares were bought at an average cost of $35.45 per share, with a total value of $99,153.65. Following the transaction, the chief executive officer now directly owns 2,797 shares in the company, valued at approximately $99,153.65. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John Osmond sold 4,000 shares of Kilroy Realty stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $35.16, for a total value of $140,640.00. Following the sale, the executive vice president now owns 12,528 shares of the company's stock, valued at approximately $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 insiders.

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.