Vanguard Group Inc. Has $663.38 Million Stock Holdings in Kilroy Realty Co. (NYSE:KRC)

Vanguard Group Inc. reduced its stake in Kilroy Realty Co. (NYSE:KRC) by 1.6% in the 4th quarter, HoldingsChannel reports. The firm owned 16,400,060 shares of the real estate investment trust’s stock after selling 271,510 shares during the quarter. Vanguard Group Inc. owned approximately 0.14% of Kilroy Realty worth $663,382,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. LPL Financial LLC increased its position in Kilroy Realty by 24.3% in the 4th quarter. LPL Financial LLC now owns 52,746 shares of the real estate investment trust’s stock valued at $2,134,000 after buying an additional 10,328 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Kilroy Realty during the fourth quarter valued at approximately $1,235,000. Sei Investments Co. raised its holdings in Kilroy Realty by 0.9% during the fourth quarter. Sei Investments Co. now owns 664,695 shares of the real estate investment trust’s stock worth $26,887,000 after buying an additional 5,915 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Kilroy Realty by 40.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 61,541 shares of the real estate investment trust’s stock valued at $2,489,000 after buying an additional 17,811 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd lifted its position in Kilroy Realty by 15.5% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 91,854 shares of the real estate investment trust’s stock valued at $3,715,000 after acquiring an additional 12,328 shares in the last quarter. Institutional investors and hedge funds own 94.22% of the company’s stock.

Wall Street Analysts Forecast Growth

KRC has been the subject of a number of analyst reports. Wells Fargo & Company lowered Kilroy Realty from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $43.00 to $35.00 in a research report on Monday, March 10th. Barclays raised Kilroy Realty from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $42.00 to $44.00 in a report on Thursday, February 27th. Jefferies Financial Group initiated coverage on Kilroy Realty in a research note on Monday, March 17th. They set a “hold” rating and a $34.00 price target for the company. JPMorgan Chase & Co. upgraded Kilroy Realty from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $45.00 to $49.00 in a research note on Friday, December 20th. Finally, Royal Bank of Canada cut their target price on shares of Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating for the company in a research report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $39.55.

Kilroy Realty Price Performance

Shares of NYSE:KRC opened at $33.26 on Monday. The company has a 50 day moving average of $35.43 and a 200 day moving average of $38.31. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82. The stock has a market cap of $3.93 billion, a P/E ratio of 18.79 and a beta of 1.02. Kilroy Realty Co. has a 12 month low of $30.71 and a 12 month high of $43.78.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 EPS for the quarter, beating 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%. As a group, sell-side analysts forecast that Kilroy Realty Co. will post 4 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be issued a $0.54 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.16 annualized dividend and a dividend yield of 6.50%. Kilroy Realty’s payout ratio is currently 122.03%.

Insider Activity

In other news, EVP John Osmond sold 4,000 shares of the stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $35.16, for a total value of $140,640.00. Following the transaction, the executive vice president now owns 12,528 shares of the company’s stock, valued at $440,484.48. This represents a 24.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider A. Robert Paratte sold 6,000 shares of the firm’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $34.74, for a total transaction of $208,440.00. Following the sale, the insider now owns 86,744 shares in the company, valued at approximately $3,013,486.56. This trade represents a 6.47 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.49% of the company’s stock.

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.