KLP Kapitalforvaltning AS Takes $1.24 Million Position in Kilroy Realty Co. (NYSE:KRC)

KLP Kapitalforvaltning AS acquired a new position in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 30,200 shares of the real estate investment trust's stock, valued at approximately $1,235,000.

A number of other institutional investors also recently made changes to their positions in KRC. Principal Financial Group Inc. boosted its position in shares of Kilroy Realty by 4.7% in the fourth 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. Charles Schwab Investment Management Inc. boosted its holdings in Kilroy Realty by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,200,616 shares of the real estate investment trust's stock valued at $89,015,000 after purchasing an additional 28,899 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Kilroy Realty by 428.5% during the 3rd 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 worth $32,933,000 after purchasing an additional 689,962 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Kilroy Realty by 0.3% during the fourth quarter. Victory Capital Management Inc. now owns 832,392 shares of the real estate investment trust's stock worth $33,670,000 after purchasing an additional 2,081 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of Kilroy Realty by 0.9% in the fourth quarter. Sei Investments Co. now owns 664,695 shares of the real estate investment trust's stock valued at $26,887,000 after buying an additional 5,915 shares during the period. Institutional investors own 94.22% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on KRC shares. Evercore ISI reduced their price objective on shares of Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating on the stock in a research note on Wednesday, February 12th. 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 target on the stock. JPMorgan Chase & Co. decreased their price objective 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. KeyCorp cut their target price on Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating for the company in a research note on Monday. Finally, Royal Bank of Canada decreased their price target 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. One 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 company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $38.82.

Kilroy Realty Trading Down 8.3 %

NYSE KRC traded down $2.76 during trading hours on Thursday, reaching $30.54. The company's stock had a trading volume of 2,035,129 shares, compared to its average volume of 1,156,414. The firm has a fifty day simple moving average of $34.93 and a 200-day simple moving average of $38.18. 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 Co. has a 52 week low of $30.50 and a 52 week high of $43.78. The stock has a market cap of $3.61 billion, a P/E ratio of 17.26 and a beta of 1.02.

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

Kilroy Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 7.07%. The ex-dividend date of this dividend is Monday, March 31st. Kilroy Realty's dividend payout ratio is currently 122.03%.

Insider Buying and Selling at Kilroy Realty

In related news, insider A. Robert Paratte sold 6,000 shares of the company's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $34.74, for a total transaction of $208,440.00. Following the sale, the insider now owns 86,744 shares in the company, valued at $3,013,486.56. This represents a 6.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John Osmond sold 4,000 shares of Kilroy Realty 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 approximately $440,484.48. The trade was a 24.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.49% of the company's stock.

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.