OVERSEA CHINESE BANKING Corp Ltd Boosts Stake in Kilroy Realty Co. (NYSE:KRC)

OVERSEA CHINESE BANKING Corp Ltd grew its stake in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 15.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 91,854 shares of the real estate investment trust's stock after buying an additional 12,328 shares during the period. OVERSEA CHINESE BANKING Corp Ltd owned 0.08% of Kilroy Realty worth $3,715,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Kilroy Realty by 428.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 850,975 shares of the real estate investment trust's stock valued at $32,933,000 after acquiring an additional 689,962 shares in the last quarter. abrdn plc raised 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 valued at $16,216,000 after acquiring an additional 376,743 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of 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 acquiring an additional 218,163 shares during the last quarter. Verition Fund Management LLC boosted its position in shares of Kilroy Realty by 77.6% during the 3rd quarter. Verition Fund Management LLC now owns 280,646 shares of the real estate investment trust's stock valued at $10,861,000 after acquiring an additional 122,616 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in Kilroy Realty by 364.4% in the third quarter. Daiwa Securities Group Inc. now owns 155,291 shares of the real estate investment trust's stock valued at $6,010,000 after purchasing an additional 121,853 shares in the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on KRC shares. Barclays raised shares of Kilroy Realty from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $42.00 to $44.00 in a report on Thursday, February 27th. Evercore ISI lowered their price target on Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating on the stock in a research report on Wednesday, February 12th. JPMorgan Chase & Co. upgraded Kilroy Realty from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $45.00 to $49.00 in a report on Friday, December 20th. Royal Bank of Canada decreased their price objective on Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating on the stock in a report on Monday, March 10th. Finally, Wells Fargo & Company lowered Kilroy Realty from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $43.00 to $35.00 in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $40.09.

Kilroy Realty Trading Up 1.9 %

KRC stock traded up $0.66 during midday trading on Monday, hitting $35.03. The company had a trading volume of 1,891,535 shares, compared to its average volume of 1,097,577. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82. Kilroy Realty Co. has a 52 week low of $30.71 and a 52 week high of $43.78. The stock has a market cap of $4.14 billion, a price-to-earnings ratio of 19.79 and a beta of 1.02. The stock's 50 day moving average price is $35.76 and its 200 day moving average price is $38.32.

Kilroy Realty (NYSE:KRC - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share for the quarter, beating 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%. As a group, equities research analysts expect that Kilroy Realty Co. will post 4 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be issued a dividend of $0.54 per share. The ex-dividend date is Monday, March 31st. This represents a $2.16 dividend on an annualized basis and a yield of 6.17%. Kilroy Realty's dividend payout ratio is presently 122.03%.

Insider Buying and Selling at Kilroy Realty

In related news, CEO Angela M. Aman acquired 2,797 shares of Kilroy Realty stock in a transaction on Friday, February 28th. The shares were acquired 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 owns 2,797 shares in the company, valued at $99,153.65. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.49% of the stock is currently owned by corporate 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.