Price T Rowe Associates Inc. MD Buys 193,291 Shares of Kilroy Realty Co. (NYSE:KRC)

Price T Rowe Associates Inc. MD grew its stake in Kilroy Realty Co. (NYSE:KRC - Free Report) by 6.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,265,387 shares of the real estate investment trust's stock after buying an additional 193,291 shares during the quarter. Price T Rowe Associates Inc. MD owned 2.77% of Kilroy Realty worth $132,087,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new position in Kilroy Realty in the 4th quarter worth $366,356,000. Marshall Wace LLP acquired a new position in shares of Kilroy Realty during the fourth quarter worth about $19,844,000. abrdn plc grew its holdings in shares of Kilroy Realty by 1,592.3% during the fourth quarter. abrdn plc now owns 400,404 shares of the real estate investment trust's stock worth $16,216,000 after buying an additional 376,743 shares in the last quarter. Russell Investments Group Ltd. raised its position in Kilroy Realty by 150.3% in the 4th quarter. Russell Investments Group Ltd. now owns 470,282 shares of the real estate investment trust's stock valued at $19,023,000 after buying an additional 282,391 shares during the last quarter. Finally, Principal Financial Group Inc. lifted 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 valued at $196,680,000 after acquiring an additional 218,163 shares in the last quarter. Institutional investors own 94.22% of the company's stock.

Insider Transactions at Kilroy Realty

In related news, EVP John Osmond sold 4,000 shares of the company's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $35.16, for a total value of $140,640.00. Following the transaction, the executive vice president now directly owns 12,528 shares in the company, valued at approximately $440,484.48. This represents a 24.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider A. Robert Paratte sold 6,000 shares of Kilroy Realty 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 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 position. The disclosure for this sale can be found here. 2.49% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on KRC shares. Jefferies Financial Group initiated coverage on shares of Kilroy Realty in a research note on Monday, March 17th. They set a "hold" rating and a $34.00 price target for the company. The Goldman Sachs Group reiterated a "neutral" rating and issued a $36.00 price target (down from $42.00) on shares of Kilroy Realty in a research note on Friday, March 28th. Mizuho restated a "neutral" rating and set a $43.00 price objective (down from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. KeyCorp lowered their target price on 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, Wells Fargo & Company cut 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 research report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $38.82.

Kilroy Realty Stock Down 0.6 %

KRC opened at $32.39 on Friday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82. The stock's fifty day simple moving average is $32.71 and its 200 day simple moving average is $37.19. Kilroy Realty Co. has a 1-year low of $27.07 and a 1-year high of $43.78. The stock has a market cap of $3.83 billion, a PE ratio of 18.30 and a beta of 1.04.

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 analysts' consensus estimates of $1.03 by $0.17. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. As a group, research analysts expect that Kilroy Realty Co. will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

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

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.

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