Los Angeles Capital Management LLC Purchases Shares of 34,026 Kilroy Realty Co. (NYSE:KRC)

Los Angeles Capital Management LLC bought a new stake in Kilroy Realty Co. (NYSE:KRC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 34,026 shares of the real estate investment trust's stock, valued at approximately $1,356,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Global Retirement Partners LLC raised its holdings in shares of Kilroy Realty by 458.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,006 shares of the real estate investment trust's stock worth $40,000 after purchasing an additional 826 shares during the period. GAMMA Investing LLC acquired a new position in Kilroy Realty during the fourth quarter valued at approximately $41,000. Covestor Ltd grew its stake in Kilroy Realty by 23.8% during the third quarter. Covestor Ltd now owns 1,933 shares of the real estate investment trust's stock worth $61,000 after buying an additional 372 shares during the period. Fifth Third Bancorp increased its position in shares of Kilroy Realty by 28.1% in the third quarter. Fifth Third Bancorp now owns 2,464 shares of the real estate investment trust's stock worth $78,000 after acquiring an additional 540 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Kilroy Realty by 15.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,800 shares of the real estate investment trust's stock valued at $89,000 after acquiring an additional 384 shares during the period. 94.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KRC has been the subject of several recent research reports. Royal Bank of Canada downgraded Kilroy Realty from an "outperform" rating to a "sector perform" rating and lowered their price target for the company from $44.00 to $39.00 in a report on Friday, March 8th. Deutsche Bank Aktiengesellschaft began coverage on Kilroy Realty in a report on Tuesday, January 30th. They set a "hold" rating and a $40.00 target price on the stock. KeyCorp reduced their price target on 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 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 price objective for the company. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $39.00.

Kilroy Realty Stock Up 3.0 %

Shares of KRC stock traded up $1.01 during mid-day trading on Thursday, reaching $34.44. 827,184 shares of the company were exchanged, compared to its average volume of 1,084,340. Kilroy Realty Co. has a fifty-two week low of $25.99 and a fifty-two week high of $43.37. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.65 and a current ratio of 3.30. The company has a market capitalization of $4.04 billion, a P/E ratio of 19.79, a P/E/G ratio of 2.52 and a beta of 1.02. The business's 50 day simple moving average is $34.71 and its 200 day simple moving average is $35.30.

Kilroy Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 29th were paid a $0.54 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.27%. Kilroy Realty's dividend payout ratio (DPR) is presently 124.14%.

Kilroy Realty Company 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.