Kilroy Realty Co. (NYSE:KRC) Shares Sold by Raymond James & Associates

Raymond James & Associates lowered its position in shares of Kilroy Realty Co. (NYSE:KRC) by 47.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,300 shares of the real estate investment trust’s stock after selling 11,082 shares during the quarter. Raymond James & Associates’ holdings in Kilroy Realty were worth $490,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Keating Wealth Management LLC acquired a new stake in Kilroy Realty in the 4th quarter worth approximately $6,956,000. Whittier Trust Co. boosted its stake in shares of Kilroy Realty by 144.1% in the 4th quarter. Whittier Trust Co. now owns 8,363 shares of the real estate investment trust’s stock valued at $333,000 after purchasing an additional 4,937 shares during the last quarter. Handelsinvest Investeringsforvaltning acquired a new stake in Kilroy Realty during the 4th quarter worth $516,000. Public Employees Retirement System of Ohio increased its holdings in Kilroy Realty by 4.0% in the third quarter. Public Employees Retirement System of Ohio now owns 202,525 shares of the real estate investment trust’s stock valued at $6,402,000 after purchasing an additional 7,825 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Kilroy Realty by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 16,906,218 shares of the real estate investment trust’s stock valued at $534,406,000 after acquiring an additional 334,859 shares during the last quarter. Institutional investors and hedge funds own 94.22% of the company’s stock.

Kilroy Realty Stock Performance

KRC opened at $33.14 on Friday. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 0.87. Kilroy Realty Co. has a 12-month low of $25.99 and a 12-month high of $43.37. The business has a 50 day moving average of $35.12 and a 200-day moving average of $35.06. The stock has a market cap of $3.89 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 2.51 and a beta of 1.02.

Kilroy Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 29th were issued a $0.54 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.16 annualized dividend and a dividend yield of 6.52%. Kilroy Realty’s dividend payout ratio is currently 120.00%.

Analysts Set New Price Targets

KRC has been the topic of several analyst reports. Barclays assumed coverage on shares of Kilroy Realty in a report on Wednesday, March 27th. They issued an “equal weight” rating and a $38.00 target price on the stock. Royal Bank of Canada cut Kilroy Realty from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $44.00 to $39.00 in a research note on Friday, March 8th. KeyCorp lowered their price objective on shares of Kilroy Realty from $47.00 to $45.00 and set an “overweight” rating for the company in a research report on Wednesday, February 28th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Kilroy Realty in a research note on Tuesday, January 30th. They issued a “hold” rating and a $40.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Kilroy Realty presently has an average rating of “Hold” and an average price target of $39.00.

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.