T. Rowe Price Investment Management Inc. Purchases 680,870 Shares of Kilroy Realty Co. (NYSE:KRC)

T. Rowe Price Investment Management Inc. raised its holdings in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 29.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,003,920 shares of the real estate investment trust's stock after purchasing an additional 680,870 shares during the quarter. T. Rowe Price Investment Management Inc. owned 2.54% of Kilroy Realty worth $121,509,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Kilroy Realty during the 4th quarter valued at approximately $366,356,000. Marshall Wace LLP purchased a new position in Kilroy Realty in the fourth quarter valued at approximately $19,844,000. abrdn plc grew its holdings in Kilroy Realty by 1,592.3% during the fourth quarter. abrdn plc now owns 400,404 shares of the real estate investment trust's stock valued at $16,216,000 after purchasing an additional 376,743 shares during the period. Russell Investments Group Ltd. increased its position in Kilroy Realty by 150.3% in the fourth quarter. Russell Investments Group Ltd. now owns 470,282 shares of the real estate investment trust's stock worth $19,023,000 after buying an additional 282,391 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of 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 valued at $196,680,000 after buying an additional 218,163 shares during the period. 94.22% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on KRC. Evercore ISI decreased their price objective on Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating for the company in a report on Wednesday, February 12th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $36.00 price objective (down previously from $42.00) on shares of Kilroy Realty in a research note on Friday, March 28th. JPMorgan Chase & Co. lowered their target price on shares of Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Wells Fargo & Company lowered shares of Kilroy Realty from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $43.00 to $35.00 in a research report on Monday, March 10th. Finally, Barclays raised Kilroy Realty from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $42.00 to $44.00 in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Kilroy Realty presently has an average rating of "Hold" and an average price target of $38.82.

Insiders Place Their Bets

In other news, EVP John Osmond sold 4,000 shares of Kilroy Realty stock in a transaction that occurred on 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 in the company, 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 can be accessed through the SEC website. Also, insider A. Robert Paratte sold 6,000 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $34.74, for a total value of $208,440.00. Following the transaction, the insider now directly owns 86,744 shares in the company, valued at $3,013,486.56. This trade represents a 6.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.49% of the company's stock.

Kilroy Realty Price Performance

KRC traded down $0.30 during midday trading on Wednesday, hitting $31.48. The stock had a trading volume of 191,129 shares, compared to its average volume of 1,219,231. The business has a fifty day moving average of $32.64 and a 200 day moving average of $37.10. Kilroy Realty Co. has a 1 year low of $27.07 and a 1 year high of $43.78. The company has a market cap of $3.72 billion, a P/E ratio of 17.79 and a beta of 1.04. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities analysts forecast that Kilroy Realty Co. will post 4 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders 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 annualized dividend and a yield of 6.86%. Kilroy Realty's payout ratio 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.