Principal Financial Group Inc. Raises Holdings in Kilroy Realty Co. (NYSE:KRC)

Principal Financial Group Inc. boosted its position in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,862,310 shares of the real estate investment trust's stock after purchasing an additional 218,163 shares during the period. Principal Financial Group Inc. owned approximately 4.12% of Kilroy Realty worth $196,680,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of Kilroy Realty during the 3rd quarter valued at approximately $34,000. GAMMA Investing LLC raised its position in Kilroy Realty by 25.4% in the fourth quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust's stock valued at $75,000 after purchasing an additional 374 shares during the period. Fifth Third Bancorp lifted its stake in shares of Kilroy Realty by 31.7% in the 4th quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust's stock valued at $102,000 after purchasing an additional 607 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Kilroy Realty by 14.8% during the 4th quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust's stock worth $105,000 after purchasing an additional 336 shares during the period. Finally, Venturi Wealth Management LLC increased its position in shares of Kilroy Realty by 113.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,912 shares of the real estate investment trust's stock worth $113,000 after purchasing an additional 1,549 shares during the last quarter. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on KRC shares. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $44.00 target price on shares of Kilroy Realty in a research report on Monday, February 10th. Jefferies Financial Group cut shares of Kilroy Realty from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $45.00 to $41.00 in a research report on Thursday, January 2nd. The Goldman Sachs Group cut 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. Evercore ISI decreased their price target on Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating on the stock in a research note on Wednesday, February 12th. 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 note on Tuesday, January 7th. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $41.27.

Insider Transactions at Kilroy Realty

In other news, insider Heidi Rena Roth sold 12,000 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total value of $507,360.00. Following the transaction, the insider now owns 50,211 shares in the company, valued at approximately $2,122,921.08. This represents a 19.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.49% of the company's stock.

Kilroy Realty Stock Down 2.3 %

Shares of NYSE KRC traded down $0.77 during mid-day trading on Friday, hitting $32.71. The company had a trading volume of 2,199,815 shares, compared to its average volume of 1,445,509. The company has a market capitalization of $3.86 billion, a PE ratio of 18.48 and a beta of 1.02. The business's 50-day simple moving average is $38.35 and its 200 day simple moving average is $38.37. 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.

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

Kilroy Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 31st were issued a $0.54 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.60%. Kilroy Realty's payout ratio is 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.