Janus Henderson Group PLC Purchases 1,590,558 Shares of Kilroy Realty Co. (NYSE:KRC)

Janus Henderson Group PLC boosted its position in Kilroy Realty Co. (NYSE:KRC) by 2,767.7% during the first quarter, HoldingsChannel.com reports. The fund owned 1,648,027 shares of the real estate investment trust’s stock after buying an additional 1,590,558 shares during the quarter. Janus Henderson Group PLC’s holdings in Kilroy Realty were worth $59,991,000 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 KRC. Fidelis Capital Partners LLC acquired a new stake in Kilroy Realty in the first quarter valued at approximately $26,000. Principal Securities Inc. acquired a new position in shares of Kilroy Realty during the fourth quarter worth $33,000. Global Retirement Partners LLC lifted its holdings in shares of Kilroy Realty by 458.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,006 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 826 shares during the period. GAMMA Investing LLC acquired a new position in shares of Kilroy Realty during the fourth quarter worth $41,000. Finally, Quest Partners LLC acquired a new position in shares of Kilroy Realty during the fourth quarter worth $87,000. Institutional investors and hedge funds own 94.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on KRC shares. KeyCorp cut their price target on shares of Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating on the stock in a report on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Kilroy Realty from $40.00 to $34.00 and set a “hold” rating for the company in a research note on Thursday, May 30th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $38.20.

Insider Activity at Kilroy Realty

In related news, insider A. Robert Paratte sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $33.35, for a total transaction of $400,200.00. Following the sale, the insider now owns 68,139 shares of the company’s stock, valued at approximately $2,272,435.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Merryl Elizabeth Werber sold 3,329 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $33.66, for a total value of $112,054.14. Following the transaction, the chief accounting officer now owns 29,081 shares of the company’s stock, valued at approximately $978,866.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider A. Robert Paratte sold 12,000 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $33.35, for a total transaction of $400,200.00. Following the completion of the transaction, the insider now directly owns 68,139 shares in the company, valued at approximately $2,272,435.65. The disclosure for this sale can be found here. 2.49% of the stock is currently owned by corporate insiders.

Kilroy Realty Stock Performance

KRC traded up $0.41 during midday trading on Tuesday, reaching $36.98. The company had a trading volume of 754,391 shares, compared to its average volume of 1,045,273. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.30 and a current ratio of 3.30. The stock has a market cap of $4.34 billion, a PE ratio of 20.86 and a beta of 1.04. Kilroy Realty Co. has a 12-month low of $26.78 and a 12-month high of $43.37. The business has a 50-day moving average price of $32.99 and a two-hundred day moving average price of $34.61.

Kilroy Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Friday, June 28th were paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.84%. The ex-dividend date was Friday, June 28th. Kilroy Realty’s payout ratio is currently 124.14%.

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.