Kilroy Realty Co. (NYSE:KRC) Shares Purchased by Prudential Financial Inc.

Prudential Financial Inc. raised its position in Kilroy Realty Co. (NYSE:KRC) by 12.9% in the 4th quarter, Holdings Channel reports. The fund owned 1,645,915 shares of the real estate investment trust’s stock after purchasing an additional 187,712 shares during the period. Prudential Financial Inc.’s holdings in Kilroy Realty were worth $63,862,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

KRC has been the subject of a number of research analyst reports. Mizuho restated a “neutral” rating and issued a $43.00 price target (down previously from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and upped their target price for the company from $45.00 to $49.00 in a research note on Friday, December 20th. The Goldman Sachs Group decreased their price target on Kilroy Realty from $48.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Jefferies Financial Group started coverage on Kilroy Realty in a research note on Monday, March 17th. They set a “hold” rating and a $34.00 price objective on the stock. Finally, Barclays upgraded Kilroy Realty from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $42.00 to $44.00 in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $40.09.

Kilroy Realty Trading Up 1.9 %

NYSE:KRC opened at $35.03 on Tuesday. Kilroy Realty Co. has a 12-month low of $30.71 and a 12-month high of $43.78. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.21 and a quick ratio of 2.21. The business has a 50 day simple moving average of $35.73 and a 200 day simple moving average of $38.32. The firm has a market capitalization of $4.14 billion, a P/E ratio of 19.79 and a beta of 1.02.

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, topping the consensus estimate of $1.03 by $0.17. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. Equities research analysts predict that Kilroy Realty Co. will post 4 EPS for the current year.

Kilroy Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be paid a $0.54 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.16 annualized dividend and a dividend yield of 6.17%. Kilroy Realty’s payout ratio is currently 122.03%.

Insider Activity

In other Kilroy Realty news, CEO Angela M. Aman bought 2,797 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average cost of $35.45 per share, for a total transaction of $99,153.65. Following the transaction, the chief executive officer now directly owns 2,797 shares in the company, valued at $99,153.65. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.