Kilroy Realty Co. (NYSE:KRC) Shares Sold by PGGM Investments

PGGM Investments decreased its holdings in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 10.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,956,458 shares of the real estate investment trust's stock after selling 330,470 shares during the period. Kilroy Realty makes up approximately 1.6% of PGGM Investments' investment portfolio, making the stock its 18th largest holding. PGGM Investments owned 2.50% of Kilroy Realty worth $119,589,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Assetmark Inc. grew its position in Kilroy Realty by 1.0% during the 3rd quarter. Assetmark Inc. now owns 26,792 shares of the real estate investment trust's stock worth $1,037,000 after purchasing an additional 274 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Kilroy Realty by 0.4% during the fourth quarter. State of Alaska Department of Revenue now owns 68,456 shares of the real estate investment trust's stock worth $2,768,000 after buying an additional 276 shares during the period. Choreo LLC grew its holdings in shares of Kilroy Realty by 3.2% during the fourth quarter. Choreo LLC now owns 8,852 shares of the real estate investment trust's stock valued at $358,000 after buying an additional 278 shares during the last quarter. M&T Bank Corp increased its position in shares of Kilroy Realty by 1.3% in the 4th quarter. M&T Bank Corp now owns 22,889 shares of the real estate investment trust's stock valued at $926,000 after acquiring an additional 293 shares during the period. Finally, US Bancorp DE increased its position in shares of Kilroy Realty by 3.4% in the 4th quarter. US Bancorp DE now owns 9,680 shares of the real estate investment trust's stock valued at $392,000 after acquiring an additional 317 shares during the period. Institutional investors and hedge funds own 94.22% of the company's stock.

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Insiders Place Their Bets

In related news, CEO Angela M. Aman purchased 2,797 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average cost of $35.45 per share, with a total value of $99,153.65. Following the purchase, the chief executive officer now owns 2,797 shares of the company's stock, valued at $99,153.65. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.49% of the stock is currently owned by company insiders.

Kilroy Realty Stock Performance

KRC stock traded up $1.17 during midday trading on Monday, hitting $34.35. 1,510,576 shares of the stock traded hands, compared to its average volume of 1,087,447. Kilroy Realty Co. has a 1-year low of $30.71 and a 1-year high of $43.78. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.21 and a quick ratio of 2.21. The stock's fifty day simple moving average is $36.06 and its 200-day simple moving average is $38.37. The firm has a market cap of $4.06 billion, a P/E ratio of 19.41 and a beta of 1.02.

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

Kilroy Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.29%. The ex-dividend date is Monday, March 31st. Kilroy Realty's dividend payout ratio (DPR) is presently 122.03%.

Analyst Ratings Changes

KRC has been the topic of several research analyst reports. Mizuho reiterated a "neutral" rating and set a $43.00 price target (down previously from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. The Goldman Sachs Group dropped their target price on Kilroy Realty from $48.00 to $42.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Barclays raised shares of Kilroy Realty from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $42.00 to $44.00 in a research report on Thursday, February 27th. Royal Bank of Canada dropped their price objective on shares of 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, Jefferies Financial Group started coverage on shares of Kilroy Realty in a report on Monday. They set a "hold" rating and a $34.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $40.09.

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.