PGGM Investments Reduces Holdings in Kilroy Realty Co. (NYSE:KRC)

PGGM Investments decreased its position in shares of Kilroy Realty Co. (NYSE:KRC) by 10.1% in the 4th quarter, Holdings Channel reports. The fund owned 2,956,458 shares of the real estate investment trust’s stock after selling 330,470 shares during the quarter. Kilroy Realty accounts for approximately 1.6% of PGGM Investments’ holdings, making the stock its 18th largest position. PGGM Investments’ holdings in Kilroy Realty were worth $119,589,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its holdings in Kilroy Realty by 585.2% during the third quarter. Victory Capital Management Inc. now owns 830,311 shares of the real estate investment trust’s stock valued at $32,133,000 after purchasing an additional 709,126 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Kilroy Realty by 428.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 850,975 shares of the real estate investment trust’s stock valued at $32,933,000 after buying an additional 689,962 shares in the last quarter. abrdn plc boosted its holdings in Kilroy Realty by 1,592.3% in the 4th quarter. abrdn plc now owns 400,404 shares of the real estate investment trust’s stock worth $16,216,000 after buying an additional 376,743 shares during the period. Principal Financial Group Inc. grew its stake in Kilroy Realty by 4.7% in the 4th 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 in the last quarter. Finally, Verition Fund Management LLC raised its holdings in Kilroy Realty by 77.6% during the 3rd quarter. Verition Fund Management LLC now owns 280,646 shares of the real estate investment trust’s stock valued at $10,861,000 after acquiring an additional 122,616 shares during the period. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Kilroy Realty Trading Up 1.4 %

Shares of Kilroy Realty stock opened at $32.92 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.21 and a quick ratio of 2.21. Kilroy Realty Co. has a 1 year low of $30.71 and a 1 year high of $43.78. The firm has a market cap of $3.89 billion, a PE ratio of 18.60 and a beta of 1.02. The company has a 50 day simple moving average of $36.37 and a two-hundred day simple moving average of $38.41.

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

Kilroy Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be issued a dividend of $0.54 per share. The ex-dividend date is Monday, March 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.56%. Kilroy Realty’s dividend payout ratio is 122.03%.

Insider Buying and Selling

In other Kilroy Realty news, CEO Angela M. Aman purchased 2,797 shares of Kilroy Realty stock in a transaction on Friday, February 28th. The shares were acquired at an average cost of $35.45 per share, for a total transaction of $99,153.65. Following the completion of the transaction, the chief executive officer now directly owns 2,797 shares of the company’s stock, valued at approximately $99,153.65. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 2.49% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Jefferies Financial Group cut Kilroy Realty from a “buy” rating to a “hold” rating and reduced their price target for the company from $45.00 to $41.00 in a research report on Thursday, January 2nd. Wells Fargo & Company lowered Kilroy Realty from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $43.00 to $35.00 in a report on Monday. JPMorgan Chase & Co. raised shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $45.00 to $49.00 in a report on Friday, December 20th. Evercore ISI cut their price objective on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a research report on Wednesday, February 12th. Finally, Royal Bank of Canada decreased their target price on shares of Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating on the stock in a report on Monday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $40.73.

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.