OVERSEA CHINESE BANKING Corp Ltd Purchases 44,410 Shares of Kilroy Realty Co. (NYSE:KRC)

OVERSEA CHINESE BANKING Corp Ltd boosted its stake in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 46.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 139,013 shares of the real estate investment trust's stock after purchasing an additional 44,410 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd owned about 0.12% of Kilroy Realty worth $5,538,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KRC. HighTower Advisors LLC bought a new position in Kilroy Realty during the first quarter worth $589,000. Bank of Montreal Can boosted its position in Kilroy Realty by 11.0% during the first quarter. Bank of Montreal Can now owns 19,168 shares of the real estate investment trust's stock worth $1,494,000 after purchasing an additional 1,894 shares during the period. Vanguard Group Inc. boosted its position in Kilroy Realty by 0.5% during the first quarter. Vanguard Group Inc. now owns 16,143,034 shares of the real estate investment trust's stock worth $1,233,652,000 after purchasing an additional 75,015 shares during the period. Bridgewater Associates LP boosted its position in shares of Kilroy Realty by 40.9% in the first quarter. Bridgewater Associates LP now owns 85,527 shares of the real estate investment trust's stock valued at $6,536,000 after acquiring an additional 24,835 shares during the period. Finally, American International Group Inc. boosted its position in shares of Kilroy Realty by 0.4% in the first quarter. American International Group Inc. now owns 178,064 shares of the real estate investment trust's stock valued at $13,608,000 after acquiring an additional 686 shares during the period. 94.22% of the stock is owned by institutional investors.

Kilroy Realty Price Performance

KRC stock traded up $0.42 during midday trading on Friday, reaching $33.09. The company had a trading volume of 917,621 shares, compared to its average volume of 846,967. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 2.46 and a beta of 1.02. The stock has a 50 day moving average price of $35.28 and a 200-day moving average price of $35.00. Kilroy Realty Co. has a 1-year low of $25.99 and a 1-year high of $43.37. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.65 and a quick ratio of 2.65.

Kilroy Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 29th were paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 6.53%. The ex-dividend date was Wednesday, March 27th. Kilroy Realty's payout ratio is 120.00%.

Wall Street Analysts Forecast Growth

KRC has been the subject of a number of recent research reports. KeyCorp reduced their target price on shares of Kilroy Realty from $47.00 to $45.00 and set an "overweight" rating for the company in a research report on Wednesday, February 28th. Royal Bank of Canada cut shares of Kilroy Realty from an "outperform" rating to a "sector perform" rating and reduced their target price 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 research report on Tuesday, January 30th. They issued a "hold" rating and a $40.00 target price for the company. Finally, Barclays initiated coverage on shares of Kilroy Realty in a research report on Wednesday, March 27th. They issued an "equal weight" rating and a $38.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $39.00.

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.