Principal Financial Group Inc. Sells 220,032 Shares of Kilroy Realty Co. (NYSE:KRC)

Principal Financial Group Inc. cut its position in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 4.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,644,147 shares of the real estate investment trust's stock after selling 220,032 shares during the quarter. Principal Financial Group Inc. owned 3.96% of Kilroy Realty worth $179,728,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. HF Advisory Group LLC acquired a new stake in Kilroy Realty in the 3rd quarter valued at approximately $1,086,000. QRG Capital Management Inc. boosted its holdings in shares of Kilroy Realty by 16.8% in the third quarter. QRG Capital Management Inc. now owns 8,617 shares of the real estate investment trust's stock valued at $333,000 after acquiring an additional 1,239 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Kilroy Realty by 11.7% during the third quarter. Van ECK Associates Corp now owns 23,178 shares of the real estate investment trust's stock valued at $961,000 after acquiring an additional 2,428 shares during the period. abrdn plc raised its holdings in Kilroy Realty by 9.0% during the third quarter. abrdn plc now owns 23,661 shares of the real estate investment trust's stock worth $916,000 after purchasing an additional 1,962 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in Kilroy Realty by 19.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 46,597 shares of the real estate investment trust's stock valued at $1,768,000 after purchasing an additional 7,533 shares in the last quarter. Institutional investors and hedge funds own 94.22% of the company's stock.

Insider Buying and Selling at Kilroy Realty

In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 3,000 shares of the firm's stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total transaction of $117,420.00. Following the completion of the sale, the chief accounting officer now owns 26,401 shares of the company's stock, valued at $1,033,335.14. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP John Osmond sold 2,628 shares of the company's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total value of $105,120.00. Following the transaction, the executive vice president now owns 8,818 shares of the company's stock, valued at approximately $352,720. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of Kilroy Realty stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total value of $117,420.00. Following the sale, the chief accounting officer now directly owns 26,401 shares of the company's stock, valued at approximately $1,033,335.14. The trade was a 0.00 % 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.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on KRC shares. Evercore ISI raised their target price on Kilroy Realty from $40.00 to $41.00 and gave the company an "in-line" rating in a research note on Wednesday, October 30th. Wells Fargo & Company dropped their target price on shares of Kilroy Realty from $39.00 to $38.00 and set an "overweight" rating on the stock in a report on Wednesday, September 11th. Scotiabank dropped their price target on Kilroy Realty from $41.00 to $38.00 and set a "sector perform" rating on the stock in a report on Wednesday, August 7th. Finally, Barclays raised their price objective on Kilroy Realty from $38.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Monday, October 28th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $39.43.

Kilroy Realty Stock Up 1.2 %

Shares of NYSE:KRC traded up $0.51 during mid-day trading on Friday, reaching $41.51. 425,796 shares of the stock were exchanged, compared to its average volume of 1,059,062. Kilroy Realty Co. has a one year low of $27.39 and a one year high of $43.78. The stock's 50 day simple moving average is $38.83 and its 200-day simple moving average is $35.42. The company has a market cap of $4.90 billion, a P/E ratio of 24.70 and a beta of 1.03. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.89.

Kilroy Realty (NYSE:KRC - Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.04 by ($0.60). Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. The company had revenue of $289.94 million for the quarter, compared to the consensus estimate of $275.77 million. During the same quarter in the prior year, the company earned $1.12 EPS. The company's revenue for the quarter was up 2.2% on a year-over-year basis. As a group, equities research analysts predict that Kilroy Realty Co. will post 4.41 EPS for the current year.

Kilroy Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 5.20%. The ex-dividend date was Monday, September 30th. Kilroy Realty's dividend payout ratio (DPR) is presently 129.34%.

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.