PGGM Investments cut its holdings in shares of Kilroy Realty Corp (NYSE:KRC) by 3.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,819,252 shares of the real estate investment trust’s stock after selling 173,571 shares during the quarter. Kilroy Realty comprises approximately 2.3% of PGGM Investments’ investment portfolio, making the stock its 7th biggest position. PGGM Investments owned 4.55% of Kilroy Realty worth $404,335,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in KRC. Nuveen Asset Management LLC raised its position in shares of Kilroy Realty by 321.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,791,798 shares of the real estate investment trust’s stock worth $132,254,000 after acquiring an additional 1,366,380 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Kilroy Realty by 17.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,110,922 shares of the real estate investment trust’s stock worth $86,495,000 after acquiring an additional 165,734 shares in the last quarter. Morgan Stanley increased its position in Kilroy Realty by 34.5% during the second quarter. Morgan Stanley now owns 613,477 shares of the real estate investment trust’s stock worth $45,282,000 after buying an additional 157,492 shares during the period. Bamco Inc. NY increased its position in Kilroy Realty by 5,636.0% during the second quarter. Bamco Inc. NY now owns 95,217 shares of the real estate investment trust’s stock worth $7,028,000 after buying an additional 93,557 shares during the period. Finally, Boston Partners increased its position in Kilroy Realty by 6.9% during the third quarter. Boston Partners now owns 1,352,021 shares of the real estate investment trust’s stock worth $105,349,000 after buying an additional 87,642 shares during the period. Institutional investors and hedge funds own 96.71% of the company’s stock.
Shares of NYSE:KRC traded up $0.25 during trading on Friday, reaching $82.27. The company had a trading volume of 1,572 shares, compared to its average volume of 518,909. The firm has a market capitalization of $8.56 billion, a price-to-earnings ratio of 23.66, a price-to-earnings-growth ratio of 2.91 and a beta of 0.74. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.49 and a quick ratio of 1.49. The stock’s fifty day moving average price is $82.73 and its 200 day moving average price is $79.70. Kilroy Realty Corp has a fifty-two week low of $67.23 and a fifty-two week high of $85.29.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.485 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.36%. Kilroy Realty’s dividend payout ratio (DPR) is presently 55.75%.
Several research analysts have commented on the company. BMO Capital Markets reaffirmed a “buy” rating and set a $84.00 price target on shares of Kilroy Realty in a research report on Thursday, October 24th. BTIG Research lowered Kilroy Realty from a “buy” rating to a “neutral” rating in a report on Monday, January 6th. Wells Fargo & Co raised Kilroy Realty from a “market perform” rating to an “outperform” rating and set a $95.00 target price on the stock in a report on Tuesday, December 10th. Goldman Sachs Group began coverage on Kilroy Realty in a report on Friday, November 8th. They issued a “buy” rating and a $94.00 target price on the stock. Finally, Deutsche Bank dropped their target price on Kilroy Realty from $89.00 to $86.00 and set a “hold” rating on the stock in a report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $83.00.
In related news, CEO John B. Kilroy, Jr. sold 14,780 shares of Kilroy Realty stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $84.32, for a total value of $1,246,249.60. Following the sale, the chief executive officer now directly owns 1,071,143 shares in the company, valued at $90,318,777.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Tyler H. Rose sold 5,000 shares of Kilroy Realty stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $84.41, for a total value of $422,050.00. Following the completion of the sale, the chief financial officer now owns 121,508 shares in the company, valued at $10,256,490.28. The disclosure for this sale can be found here. 2.26% of the stock is owned by insiders.
Kilroy Realty Profile
Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast's premier landlords. The company has over 70 years of experience developing, acquiring and managing office and mixed-use real estate assets. The company provides physical work environments that foster creativity and productivity and serves a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies.
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