Principal Financial Group Inc. Has $179.73 Million Stock Position in Kilroy Realty Co. (NYSE:KRC)

Principal Financial Group Inc. trimmed its position in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 4.5% in the 3rd quarter, according to the company in its most recent filing 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 approximately 3.93% of Kilroy Realty worth $179,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in Kilroy Realty in the third quarter worth $34,000. Coldstream Capital Management Inc. acquired a new stake in shares of Kilroy Realty in the third quarter worth about $203,000. Vestcor Inc boosted its stake in shares of Kilroy Realty by 289.0% during the 3rd quarter. Vestcor Inc now owns 34,313 shares of the real estate investment trust's stock worth $1,328,000 after acquiring an additional 25,492 shares in the last quarter. M&T Bank Corp increased its holdings in shares of Kilroy Realty by 13.0% during the 3rd quarter. M&T Bank Corp now owns 22,596 shares of the real estate investment trust's stock valued at $875,000 after acquiring an additional 2,594 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of Kilroy Realty by 1.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 134,750 shares of the real estate investment trust's stock valued at $5,215,000 after acquiring an additional 1,500 shares in the last quarter. Institutional investors own 94.22% of the company's stock.

Kilroy Realty Stock Performance

KRC stock traded up $1.59 during midday trading on Friday, hitting $40.50. The stock had a trading volume of 3,442,087 shares, compared to its average volume of 1,070,212. The firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of 24.25 and a beta of 1.03. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.89. The stock has a 50-day simple moving average of $40.71 and a 200 day simple moving average of $36.86. Kilroy Realty Co. has a 52 week low of $30.71 and a 52 week high of $43.78.

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

Kilroy Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 31st will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 5.33%. The ex-dividend date of this dividend is Tuesday, December 31st. Kilroy Realty's payout ratio is 129.34%.

Insider Buying and Selling

In other Kilroy Realty news, insider Heidi Rena Roth sold 12,000 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.28, for a total transaction of $507,360.00. Following the sale, the insider now owns 50,211 shares of the company's stock, valued at $2,122,921.08. This represents a 19.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.49% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

KRC has been the topic of several analyst reports. Wells Fargo & Company lowered their price target on Kilroy Realty from $39.00 to $38.00 and set an "overweight" rating on the stock in a report on Wednesday, September 11th. Evercore ISI raised their target price on shares of Kilroy Realty from $40.00 to $41.00 and gave the company an "in-line" rating in a research note on Wednesday, October 30th. Barclays boosted their target price on shares of Kilroy Realty from $38.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Monday, October 28th. JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a "neutral" rating to an "overweight" rating and upped their price target for the company from $45.00 to $49.00 in a report on Friday. Finally, Scotiabank downgraded Kilroy Realty from a "sector perform" rating to a "sector underperform" rating and set a $38.00 target price for the company. in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Kilroy Realty currently has a consensus rating of "Hold" and an average price target of $40.63.

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.