LPL Financial LLC Has $2.13 Million Stake in Kilroy Realty Co. (NYSE:KRC)

LPL Financial LLC lifted its stake in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 24.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,746 shares of the real estate investment trust's stock after acquiring an additional 10,328 shares during the period. LPL Financial LLC's holdings in Kilroy Realty were worth $2,134,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KRC. abrdn plc raised its holdings in 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 during the last quarter. Principal Financial Group Inc. boosted its stake 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 buying an additional 218,163 shares during the last quarter. Freestone Capital Holdings LLC purchased a new stake in Kilroy Realty in the 4th quarter valued at about $1,432,000. Proficio Capital Partners LLC purchased a new position in shares of Kilroy Realty during the 4th quarter worth about $1,404,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Kilroy Realty in the fourth quarter worth approximately $1,235,000. 94.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Jefferies Financial Group initiated coverage on shares of Kilroy Realty in a report on Monday, March 17th. They issued a "hold" rating and a $34.00 price target on the stock. Barclays raised shares of Kilroy Realty from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $42.00 to $44.00 in a report on Thursday, February 27th. Royal Bank of Canada lowered their price objective on Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating for the company in a research note on Monday, March 10th. Wells Fargo & Company downgraded shares of Kilroy Realty from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $43.00 to $35.00 in a report on Monday, March 10th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. One investment 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 data from MarketBeat.com, Kilroy Realty has a consensus rating of "Hold" and an average target price of $38.82.

Insider Transactions at Kilroy Realty

In other Kilroy Realty news, CEO Angela M. Aman bought 2,797 shares of Kilroy Realty stock in a transaction on Friday, February 28th. The shares were purchased at an average cost of $35.45 per share, for a total transaction of $99,153.65. Following the completion of the acquisition, the chief executive officer now owns 2,797 shares in the company, valued at approximately $99,153.65. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider A. Robert Paratte sold 6,000 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $34.74, for a total value of $208,440.00. Following the completion of the sale, the insider now owns 86,744 shares of the company's stock, valued at $3,013,486.56. This trade represents a 6.47 % 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.

Kilroy Realty Trading Up 1.9 %

Shares of KRC stock traded up $0.58 during trading hours on Friday, reaching $31.81. The company had a trading volume of 1,532,300 shares, compared to its average volume of 1,212,702. 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 1-year low of $27.07 and a 1-year high of $43.78. The company has a 50 day moving average of $33.06 and a 200 day moving average of $37.43. The firm has a market cap of $3.76 billion, a price-to-earnings ratio of 17.97 and a beta of 1.04.

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

Kilroy Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st were issued a $0.54 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.16 annualized dividend and a yield of 6.79%. Kilroy Realty's dividend payout ratio (DPR) is presently 122.03%.

Kilroy Realty Company 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.