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

Principal Financial Group Inc. reduced its stake in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) by 6.5% in the 1st quarter, according to its most recent Form 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 quarter. Principal Financial Group Inc. owned 3.85% of Kilroy Realty worth $149,014,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. M&T Bank Corp lifted its holdings in Kilroy Realty by 1.3% during the 4th quarter. M&T Bank Corp now owns 22,889 shares of the real estate investment trust's stock valued at $926,000 after purchasing an additional 293 shares during the last quarter. US Bancorp DE raised its stake in shares of Kilroy Realty by 3.4% in the fourth quarter. US Bancorp DE now owns 9,680 shares of the real estate investment trust's stock valued at $392,000 after acquiring an additional 317 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in shares of Kilroy Realty by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 51,388 shares of the real estate investment trust's stock worth $2,079,000 after acquiring an additional 320 shares in the last quarter. Parallel Advisors LLC increased its holdings in Kilroy Realty by 7.8% during the 1st quarter. Parallel Advisors LLC now owns 5,539 shares of the real estate investment trust's stock valued at $181,000 after purchasing an additional 401 shares in the last quarter. Finally, QRG Capital Management Inc. raised its position in Kilroy Realty by 5.5% in the 4th quarter. QRG Capital Management Inc. now owns 9,092 shares of the real estate investment trust's stock valued at $368,000 after purchasing an additional 475 shares during the last quarter. 94.22% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

KRC has been the subject of a number of research analyst reports. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $36.00 price target (down from $42.00) on shares of Kilroy Realty in a report on Friday, March 28th. KeyCorp decreased their price target on shares of Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating on the stock in a research note on Monday, March 31st. Jefferies Financial Group began coverage on shares of Kilroy Realty in a report on Monday, March 17th. They issued a "hold" rating and a $34.00 price target for the company. JPMorgan Chase & Co. reduced their price objective on Kilroy Realty from $42.00 to $40.00 and set an "overweight" rating on the stock in a report on Wednesday. Finally, Royal Bank Of Canada decreased their price objective on Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating on the stock in a research report on Monday, March 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $38.90.

Kilroy Realty Price Performance

KRC opened at $35.29 on Friday. The company has a fifty day moving average price of $33.24 and a two-hundred day moving average price of $34.76. The firm has a market capitalization of $4.17 billion, a PE ratio of 21.01 and a beta of 1.19. Kilroy Realty Corporation has a 52 week low of $27.07 and a 52 week high of $43.78. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.07 and a current ratio of 2.07.

Kilroy Realty (NYSE:KRC - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.02 EPS for the quarter, missing analysts' consensus estimates of $1.03 by ($0.01). The company had revenue of $270.84 million for the quarter, compared to analyst estimates of $274.90 million. Kilroy Realty had a return on equity of 3.57% and a net margin of 17.74%. The firm's revenue for the quarter was down 2.8% on a year-over-year basis. During the same period last year, the firm earned $1.11 earnings per share. As a group, analysts anticipate that Kilroy Realty Corporation will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Monday, June 30th will be paid a $0.54 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.12%. Kilroy Realty's dividend payout ratio (DPR) is presently 128.57%.

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.

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