Federated Hermes Inc. cut its stake in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,291,165 shares of the real estate investment trust's stock after selling 26,596 shares during the quarter. Federated Hermes Inc. owned approximately 1.10% of Kilroy Realty worth $51,440,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. HighTower Advisors LLC acquired a new stake in Kilroy Realty in the first quarter worth about $589,000. Bank of Montreal Can grew its position in shares of Kilroy Realty by 11.0% during the 1st quarter. Bank of Montreal Can now owns 19,168 shares of the real estate investment trust's stock worth $1,494,000 after buying an additional 1,894 shares during the period. Vanguard Group Inc. grew its position in shares of Kilroy Realty by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 16,143,034 shares of the real estate investment trust's stock worth $1,233,652,000 after buying an additional 75,015 shares during the period. Bridgewater Associates LP grew its position in shares of Kilroy Realty by 40.9% during the 1st quarter. Bridgewater Associates LP now owns 85,527 shares of the real estate investment trust's stock worth $6,536,000 after buying an additional 24,835 shares during the period. Finally, American International Group Inc. grew its position in shares of Kilroy Realty by 0.4% during the 1st quarter. American International Group Inc. now owns 178,064 shares of the real estate investment trust's stock worth $13,608,000 after buying an additional 686 shares during the period. 94.22% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
KRC has been the subject of several research analyst reports. Royal Bank of Canada lowered Kilroy Realty from an "outperform" rating to a "sector perform" rating and decreased their price objective for the company from $44.00 to $39.00 in a research report on Friday, March 8th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Kilroy Realty in a report on Tuesday, January 30th. They set a "hold" rating and a $40.00 price objective on the stock. KeyCorp cut their price objective on shares of Kilroy Realty from $47.00 to $45.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 28th. Finally, Barclays assumed coverage on Kilroy Realty in a report on Wednesday, March 27th. They issued an "equal weight" rating and a $38.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Kilroy Realty has a consensus rating of "Hold" and a consensus price target of $39.00.
Get Our Latest Stock Analysis on Kilroy Realty
Kilroy Realty Stock Up 1.3 %
KRC stock traded up $0.42 during mid-day trading on Friday, reaching $33.09. The company had a trading volume of 917,621 shares, compared to its average volume of 846,967. Kilroy Realty Co. has a 52 week low of $25.99 and a 52 week high of $43.37. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 2.43 and a beta of 1.02. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.65 and a quick ratio of 2.65. The stock has a 50 day simple moving average of $35.28 and a two-hundred day simple moving average of $34.97.
Kilroy Realty Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 29th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 6.53%. The ex-dividend date was Wednesday, March 27th. Kilroy Realty's dividend payout ratio is currently 120.00%.
Kilroy Realty Company Profile
(
Free Report)
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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