Principal Financial Group Inc. Sells 313,661 Shares of Kilroy Realty Corporation (NYSE:KRC)

Principal Financial Group Inc. reduced its position in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) by 6.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,548,649 shares of the real estate investment trust's stock after selling 313,661 shares during the period. Principal Financial Group Inc. owned approximately 3.85% of Kilroy Realty worth $149,014,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of KRC. Norges Bank purchased a new stake in shares of Kilroy Realty in the 4th quarter valued at $366,356,000. Rush Island Management LP purchased a new stake in Kilroy Realty in the fourth quarter worth $109,502,000. Bamco Inc. NY purchased a new stake in Kilroy Realty in the fourth quarter worth $58,747,000. Northern Trust Corp raised its holdings in Kilroy Realty by 107.5% in the 4th quarter. Northern Trust Corp now owns 2,096,471 shares of the real estate investment trust's stock worth $84,802,000 after purchasing an additional 1,085,914 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Kilroy Realty by 1,226.2% in the 4th quarter. Deutsche Bank AG now owns 815,491 shares of the real estate investment trust's stock worth $32,987,000 after purchasing an additional 753,999 shares during the period. Hedge funds and other institutional investors own 94.22% of the company's stock.

Kilroy Realty Price Performance

KRC stock traded down $0.69 during trading on Monday, reaching $34.60. The company's stock had a trading volume of 1,255,644 shares, compared to its average volume of 1,256,229. The company has a market capitalization of $4.09 billion, a P/E ratio of 20.60 and a beta of 1.19. The company's fifty day moving average is $33.35 and its 200-day moving average is $34.61. Kilroy Realty Corporation has a 1 year low of $27.07 and a 1 year high of $43.78. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.82.

Kilroy Realty (NYSE:KRC - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.01). Kilroy Realty had a net margin of 17.74% and a return on equity of 3.57%. The firm had revenue of $270.84 million for the quarter, compared to analysts' expectations of $274.90 million. During the same quarter in the prior year, the business earned $1.11 EPS. The business's quarterly revenue was down 2.8% compared to the same quarter last year. On average, research analysts expect that Kilroy Realty Corporation will post 4 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Monday, June 30th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.24%. The ex-dividend date is Monday, June 30th. Kilroy Realty's dividend payout ratio (DPR) is 128.57%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on KRC. Royal Bank Of Canada decreased their price target on shares of Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating for the company in a research note on Monday, March 10th. JPMorgan Chase & Co. lowered their target price on shares of Kilroy Realty from $42.00 to $40.00 and set an "overweight" rating for the company in a report on Wednesday, July 2nd. Wells Fargo & Company decreased their price objective on shares of Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. 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 note on Friday, March 28th. Finally, KeyCorp decreased their target price on shares of Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating for the company in a research note on Monday, March 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Kilroy Realty currently has an average rating of "Hold" and an average price target of $38.90.

About Kilroy Realty

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.