Kilroy Realty Co. (NYSE:KRC) Stock Position Lowered by Greenleaf Trust

Greenleaf Trust trimmed its stake in Kilroy Realty Co. (NYSE:KRC) by 19.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,616 shares of the real estate investment trust’s stock after selling 2,053 shares during the quarter. Greenleaf Trust’s holdings in Kilroy Realty were worth $343,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of KRC. State of Alaska Department of Revenue grew its holdings in shares of Kilroy Realty by 0.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 68,474 shares of the real estate investment trust’s stock worth $2,164,000 after acquiring an additional 338 shares during the last quarter. Oak Thistle LLC acquired a new position in shares of Kilroy Realty in the 3rd quarter worth $278,000. Ballentine Partners LLC acquired a new position in shares of Kilroy Realty in the 3rd quarter worth $217,000. Robeco Institutional Asset Management B.V. grew its holdings in shares of Kilroy Realty by 11.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 147,000 shares of the real estate investment trust’s stock worth $4,647,000 after acquiring an additional 15,000 shares during the last quarter. Finally, Xponance Inc. grew its holdings in shares of Kilroy Realty by 4.2% in the 3rd quarter. Xponance Inc. now owns 13,761 shares of the real estate investment trust’s stock worth $435,000 after acquiring an additional 549 shares during the last quarter. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. KeyCorp decreased their target price on Kilroy Realty from $47.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft initiated coverage on Kilroy Realty in a report on Tuesday, January 30th. They set a “hold” rating and a $40.00 price target on the stock. Royal Bank of Canada downgraded Kilroy Realty from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $44.00 to $39.00 in a report on Friday, March 8th. Finally, Barclays initiated coverage on Kilroy Realty in a report on Wednesday, March 27th. They set an “equal weight” rating and a $38.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $39.00.

Kilroy Realty Stock Performance

Shares of NYSE KRC opened at $33.74 on Wednesday. The business’s 50-day moving average price is $35.24 and its two-hundred day moving average price is $35.06. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.65 and a quick ratio of 2.65. Kilroy Realty Co. has a one year low of $25.99 and a one year high of $43.37. The company has a market capitalization of $3.96 billion, a P/E ratio of 18.74, a price-to-earnings-growth ratio of 2.48 and a beta of 1.02.

Kilroy Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 29th were paid a $0.54 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $2.16 dividend on an annualized basis and a yield of 6.40%. Kilroy Realty’s dividend payout ratio (DPR) is currently 120.00%.

Kilroy Realty 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.