Principal Financial Group Inc. Reduces Stock Holdings in Kilroy Realty Co. (NYSE:KRC)

Principal Financial Group Inc. lessened its stake in shares of Kilroy Realty Co. (NYSE:KRC) by 4.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,644,147 shares of the real estate investment trust’s stock after selling 220,032 shares during the quarter. Principal Financial Group Inc.’s holdings in Kilroy Realty were worth $179,728,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in Kilroy Realty in the third quarter worth about $34,000. UMB Bank n.a. raised its holdings in shares of Kilroy Realty by 126.5% in the third quarter. UMB Bank n.a. now owns 967 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 540 shares during the period. Blue Trust Inc. lifted its stake in shares of Kilroy Realty by 1,322.9% during the 2nd quarter. Blue Trust Inc. now owns 1,366 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 1,270 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Kilroy Realty by 33.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 371 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in Kilroy Realty during the 2nd quarter valued at $46,000. 94.22% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on KRC shares. Evercore ISI increased their target price on Kilroy Realty from $40.00 to $41.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Wells Fargo & Company reduced their price target on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 11th. Barclays boosted their price objective on shares of Kilroy Realty from $38.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. Finally, Scotiabank lowered shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 target price on the stock. in a research report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Kilroy Realty currently has a consensus rating of “Hold” and an average target price of $39.43.

Insider Transactions at Kilroy Realty

In related news, insider Heidi Rena Roth sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total transaction of $507,360.00. Following the sale, the insider now owns 50,211 shares of the company’s stock, valued at $2,122,921.08. This trade represents a 19.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.49% of the company’s stock.

Kilroy Realty Stock Up 1.3 %

NYSE:KRC opened at $38.91 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 3.08. Kilroy Realty Co. has a 1-year low of $30.71 and a 1-year high of $43.78. The company has a 50-day moving average of $40.71 and a 200 day moving average of $36.86. The firm has a market cap of $4.59 billion, a PE ratio of 23.30 and a beta of 1.03.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.60). The business had revenue of $289.94 million during the quarter, compared to analysts’ expectations of $275.77 million. Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. Kilroy Realty’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.12 EPS. As a group, research analysts anticipate that Kilroy Realty Co. will post 4.41 EPS for the current fiscal year.

Kilroy Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 31st will be issued a $0.54 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.55%. Kilroy Realty’s dividend payout ratio is presently 129.34%.

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.