1,200 Shares in Kilroy Realty Co. (NYSE:KRC) Purchased by Summit Securities Group LLC

Summit Securities Group LLC acquired a new stake in shares of Kilroy Realty Co. (NYSE:KRC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,200 shares of the real estate investment trust’s stock, valued at approximately $49,000.

Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in Kilroy Realty during the 4th quarter valued at $366,356,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Kilroy Realty by 428.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 850,975 shares of the real estate investment trust’s stock worth $32,933,000 after acquiring an additional 689,962 shares during the last quarter. abrdn plc boosted its stake in shares of Kilroy Realty by 1,592.3% during the 4th quarter. abrdn plc now owns 400,404 shares of the real estate investment trust’s stock worth $16,216,000 after purchasing an additional 376,743 shares during the period. Principal Financial Group Inc. grew its holdings in Kilroy Realty by 4.7% during the 4th quarter. Principal Financial Group Inc. now owns 4,862,310 shares of the real estate investment trust’s stock valued at $196,680,000 after purchasing an additional 218,163 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in Kilroy Realty by 12.9% in the 4th quarter. Prudential Financial Inc. now owns 1,645,915 shares of the real estate investment trust’s stock worth $63,862,000 after purchasing an additional 187,712 shares during the period. 94.22% of the stock is owned by institutional investors.

Analyst Ratings Changes

KRC has been the subject of several recent analyst reports. Royal Bank of Canada dropped their target price on Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating for the company in a research report on Monday, March 10th. Jefferies Financial Group initiated coverage on Kilroy Realty in a research report on Monday, March 17th. They issued a “hold” rating and a $34.00 price objective on the stock. The Goldman Sachs Group reiterated a “neutral” rating and set a $36.00 target price (down from $42.00) on shares of Kilroy Realty in a research report on Friday. JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $45.00 to $49.00 in a report on Friday, December 20th. Finally, Evercore ISI decreased their price objective on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $39.55.

Insider Activity at Kilroy Realty

In related news, insider A. Robert Paratte sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $34.74, for a total transaction of $208,440.00. Following the completion of the transaction, the insider now owns 86,744 shares in the company, valued at $3,013,486.56. The trade was a 6.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Angela M. Aman bought 2,797 shares of the stock in a transaction on Friday, February 28th. The stock was purchased at an average price of $35.45 per share, with a total value of $99,153.65. Following the completion of the purchase, the chief executive officer now owns 2,797 shares of the company’s stock, valued at $99,153.65. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.49% of the stock is owned by corporate insiders.

Kilroy Realty Stock Down 2.8 %

Shares of Kilroy Realty stock opened at $33.26 on Monday. Kilroy Realty Co. has a 1 year low of $30.71 and a 1 year high of $43.78. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.21 and a quick ratio of 2.21. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 18.79 and a beta of 1.02. The firm’s 50-day moving average is $35.43 and its two-hundred day moving average is $38.31.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.17. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. As a group, research analysts expect that Kilroy Realty Co. will post 4 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.50%. The ex-dividend date of this dividend is Monday, March 31st. Kilroy Realty’s dividend payout ratio (DPR) is currently 122.03%.

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.