Pinebridge Investments L.P. Purchases 15,109 Shares of Kilroy Realty Co. (NYSE:KRC)

Pinebridge Investments L.P. boosted its position in Kilroy Realty Co. (NYSE:KRC - Free Report) by 42.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 50,500 shares of the real estate investment trust's stock after acquiring an additional 15,109 shares during the period. Pinebridge Investments L.P.'s holdings in Kilroy Realty were worth $2,043,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue grew its position in Kilroy Realty by 0.4% in the 4th quarter. State of Alaska Department of Revenue now owns 68,456 shares of the real estate investment trust's stock valued at $2,768,000 after purchasing 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% during the fourth quarter. M&T Bank Corp now owns 22,889 shares of the real estate investment trust's stock worth $926,000 after acquiring an additional 293 shares in the last quarter. US Bancorp DE raised its holdings 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 worth $392,000 after acquiring an additional 317 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in Kilroy Realty by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 51,388 shares of the real estate investment trust's stock valued at $2,079,000 after acquiring an additional 320 shares in the last quarter. Institutional investors and hedge funds own 94.22% of the company's stock.

Analyst Upgrades and Downgrades

KRC has been the subject of several analyst reports. The Goldman Sachs Group reissued a "neutral" rating and issued a $36.00 price objective (down from $42.00) on shares of Kilroy Realty in a research note on Friday, March 28th. Jefferies Financial Group began coverage on Kilroy Realty in a research note on Monday, March 17th. They set a "hold" rating and a $34.00 price objective on the stock. Evercore ISI reduced their target price on shares of Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating for the company in a research note on Wednesday, February 12th. KeyCorp dropped their price target on shares of Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating on the stock in a research report on Monday, March 31st. Finally, Mizuho reaffirmed a "neutral" rating and issued a $43.00 price objective (down from $45.00) on shares of Kilroy Realty in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $38.82.

Kilroy Realty Price Performance

Kilroy Realty stock opened at $32.39 on Monday. The business's 50 day simple moving average is $32.71 and its 200 day simple moving average is $37.18. Kilroy Realty Co. has a 12 month low of $27.07 and a 12 month high of $43.78. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 18.30 and a beta of 1.04. 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 (NYSE:KRC - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 EPS for the quarter, beating 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%. Sell-side analysts forecast that Kilroy Realty Co. will post 4 EPS for the current year.

Kilroy Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st were issued a dividend of $0.54 per share. The ex-dividend date was Monday, March 31st. This represents a $2.16 dividend on an annualized basis and a yield of 6.67%. Kilroy Realty's payout ratio is 122.03%.

Insider Transactions at Kilroy Realty

In related news, EVP John Osmond sold 4,000 shares of the business's stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $35.16, for a total transaction of $140,640.00. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider A. Robert Paratte sold 6,000 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $34.74, for a total transaction of $208,440.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.49% of the company's stock.

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.

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