Cbre Investment Management Listed Real Assets LLC Grows Position in Kilroy Realty Co. (NYSE:KRC)

Cbre Investment Management Listed Real Assets LLC increased its stake in Kilroy Realty Co. (NYSE:KRC - Free Report) by 27.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,169,311 shares of the real estate investment trust's stock after purchasing an additional 254,781 shares during the period. Cbre Investment Management Listed Real Assets LLC owned 1.00% of Kilroy Realty worth $46,585,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of KRC. Principal Securities Inc. acquired a new position in Kilroy Realty in the fourth quarter valued at about $33,000. Global Retirement Partners LLC increased its position in shares of Kilroy Realty by 458.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,006 shares of the real estate investment trust's stock valued at $40,000 after buying an additional 826 shares in the last quarter. GAMMA Investing LLC acquired a new stake in Kilroy Realty during the 4th quarter worth $41,000. Covestor Ltd lifted its holdings in Kilroy Realty by 23.8% during the third quarter. Covestor Ltd now owns 1,933 shares of the real estate investment trust's stock worth $61,000 after acquiring an additional 372 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in shares of Kilroy Realty in the fourth quarter worth about $87,000. Institutional investors and hedge funds own 94.22% of the company's stock.

Kilroy Realty Stock Performance

Kilroy Realty stock traded up $0.85 during trading hours on Friday, hitting $33.53. The company had a trading volume of 1,107,080 shares, compared to its average volume of 897,622. Kilroy Realty Co. has a one year low of $26.37 and a one year high of $43.37. The firm has a market cap of $3.94 billion, a PE ratio of 19.27, a PEG ratio of 2.42 and a beta of 1.02. The firm has a 50-day moving average of $33.99 and a 200 day moving average of $35.85. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.30 and a quick ratio of 3.30.

Kilroy Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 28th will be given a $0.54 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.44%. Kilroy Realty's payout ratio is presently 124.14%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. KeyCorp lowered their target price on Kilroy Realty from $47.00 to $45.00 and set an "overweight" rating for the company in a research note on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft cut their price objective on Kilroy Realty from $40.00 to $34.00 and set a "hold" rating for the company in a report on Thursday. Barclays started coverage on shares of Kilroy Realty in a report on Wednesday, March 27th. They set an "equal weight" rating and a $38.00 target price on the stock. Finally, Royal Bank of Canada lowered shares of Kilroy Realty from an "outperform" rating to a "sector perform" rating and dropped their price target for the stock from $44.00 to $39.00 in a research report on Friday, March 8th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $38.45.

Insider Activity at Kilroy Realty

In other news, CAO Merryl Elizabeth Werber sold 3,329 shares of the firm's stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $33.66, for a total transaction of $112,054.14. Following the transaction, the chief accounting officer now directly owns 29,081 shares of the company's stock, valued at $978,866.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider A. Robert Paratte sold 12,000 shares of the company's stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $33.35, for a total transaction of $400,200.00. Following the completion of the sale, the insider now owns 68,139 shares of the company's stock, valued at $2,272,435.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Merryl Elizabeth Werber sold 3,329 shares of the firm's stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $33.66, for a total transaction of $112,054.14. Following the completion of the transaction, the chief accounting officer now directly owns 29,081 shares in the company, valued at $978,866.46. The disclosure for this sale can be found here. 2.49% of the stock is currently owned by corporate insiders.

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.