CANADA LIFE ASSURANCE Co Grows Position in Kilroy Realty Co. (NYSE:KRC)

CANADA LIFE ASSURANCE Co grew its position in Kilroy Realty Co. (NYSE:KRC - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 248,567 shares of the real estate investment trust's stock after acquiring an additional 8,111 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.21% of Kilroy Realty worth $10,051,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in KRC. Norges Bank purchased a new position in shares of Kilroy Realty during the 4th quarter worth approximately $366,356,000. Principal Financial Group Inc. raised its position in Kilroy Realty by 4.7% in the fourth quarter. Principal Financial Group Inc. now owns 4,862,310 shares of the real estate investment trust's stock worth $196,680,000 after acquiring an additional 218,163 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Kilroy Realty by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,200,616 shares of the real estate investment trust's stock valued at $89,015,000 after acquiring an additional 28,899 shares during the period. Geode Capital Management LLC boosted its position in shares of Kilroy Realty by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,066,597 shares of the real estate investment trust's stock worth $83,616,000 after purchasing an additional 14,196 shares in the last quarter. Finally, Prudential Financial Inc. grew its stake in shares of Kilroy Realty by 12.9% during 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 hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KRC has been the subject of several recent analyst reports. The Goldman Sachs Group reiterated a "neutral" rating and issued a $36.00 price objective (down previously from $42.00) on shares of Kilroy Realty in a research note on Friday, March 28th. Jefferies Financial Group initiated coverage on shares of Kilroy Realty in a research report on Monday, March 17th. They set a "hold" rating and a $34.00 price target for the company. KeyCorp lowered their price target on Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating on the stock in a report on Monday, March 31st. Wells Fargo & Company cut 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 report on Monday, March 10th. Finally, JPMorgan Chase & Co. lowered their target price on Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $38.82.

Insiders Place Their Bets

In other Kilroy Realty news, EVP John Osmond sold 4,000 shares of the firm's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $35.16, for a total value of $140,640.00. Following the sale, the executive vice president now directly owns 12,528 shares of the company's stock, valued at approximately $440,484.48. This trade represents a 24.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider A. Robert Paratte sold 6,000 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $34.74, for a total transaction of $208,440.00. Following the transaction, the insider now directly owns 86,744 shares of the company's stock, valued at approximately $3,013,486.56. This represents a 6.47 % decrease in their position. The disclosure for this sale can be found here. 2.49% of the stock is owned by corporate insiders.

Kilroy Realty Price Performance

Shares of NYSE KRC traded down $0.20 during trading on Friday, reaching $32.39. The company had a trading volume of 590,346 shares, compared to its average volume of 1,225,170. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82. Kilroy Realty Co. has a twelve month low of $27.07 and a twelve month high of $43.78. The stock has a 50-day moving average price of $32.71 and a two-hundred day moving average price of $37.18. The stock has a market capitalization of $3.83 billion, a PE ratio of 18.30 and a beta of 1.04.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. As a group, sell-side analysts predict that Kilroy Realty Co. will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Monday, March 31st were given a dividend of $0.54 per share. The ex-dividend date was Monday, March 31st. This represents a $2.16 dividend on an annualized basis and a yield of 6.67%. 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.