Cibc World Markets Corp Boosts Stock Holdings in Kilroy Realty Co. (NYSE:KRC)

Cibc World Markets Corp increased its stake in shares of Kilroy Realty Co. (NYSE:KRC) by 10.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,817 shares of the real estate investment trust’s stock after purchasing an additional 2,897 shares during the quarter. Cibc World Markets Corp’s holdings in Kilroy Realty were worth $1,247,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of KRC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Kilroy Realty by 428.5% during the third 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 buying an additional 689,962 shares in the last quarter. abrdn plc grew its holdings in 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 acquiring an additional 376,743 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Kilroy Realty by 4.7% in 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. Verition Fund Management LLC raised its holdings in shares of Kilroy Realty by 77.6% in the 3rd quarter. Verition Fund Management LLC now owns 280,646 shares of the real estate investment trust’s stock valued at $10,861,000 after purchasing an additional 122,616 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Kilroy Realty by 364.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 155,291 shares of the real estate investment trust’s stock valued at $6,010,000 after purchasing an additional 121,853 shares in the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Kilroy Realty Stock Down 0.3 %

KRC stock opened at $34.45 on Friday. The company has a market cap of $4.07 billion, a price-to-earnings ratio of 19.46 and a beta of 1.02. The company has a fifty day moving average price of $35.76 and a 200 day moving average price of $38.27. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.21 and a quick ratio of 2.21. Kilroy Realty Co. has a 12 month low of $30.71 and a 12 month high of $43.78.

Kilroy Realty (NYSE:KRC) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.17. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. Sell-side analysts expect that Kilroy Realty Co. will post 4 earnings per share for the current year.

Kilroy Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be paid a $0.54 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.16 annualized dividend and a dividend yield of 6.27%. Kilroy Realty’s dividend payout ratio (DPR) is currently 122.03%.

Wall Street Analyst Weigh In

Several research firms recently commented on KRC. Mizuho reissued a “neutral” rating and issued a $43.00 target price (down previously from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. JPMorgan Chase & Co. upgraded Kilroy Realty from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $45.00 to $49.00 in a report on Friday, December 20th. The Goldman Sachs Group decreased their target price on Kilroy Realty from $48.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Jefferies Financial Group started coverage on shares of Kilroy Realty in a research note on Monday, March 17th. They issued a “hold” rating and a $34.00 price target on the stock. Finally, Wells Fargo & Company downgraded shares of Kilroy Realty from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $43.00 to $35.00 in a research report on Monday, March 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $40.09.

Insider Activity

In other news, CEO Angela M. Aman bought 2,797 shares of Kilroy Realty stock in a transaction dated Friday, February 28th. The stock was bought at an average price of $35.45 per share, for a total transaction of $99,153.65. Following the purchase, the chief executive officer now owns 2,797 shares of the company’s stock, valued at approximately $99,153.65. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.49% of the company’s stock.

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.