Principal Financial Group Inc. Grows Stake in Kilroy Realty Co. (NYSE:KRC)

Principal Financial Group Inc. boosted its holdings in shares of Kilroy Realty Co. (NYSE:KRC) by 4.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,862,310 shares of the real estate investment trust’s stock after purchasing an additional 218,163 shares during the quarter. Principal Financial Group Inc. owned about 4.12% of Kilroy Realty worth $196,680,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of Kilroy Realty in the third quarter worth about $34,000. GAMMA Investing LLC increased its stake in Kilroy Realty by 25.4% in the 4th quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust’s stock worth $75,000 after acquiring an additional 374 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Kilroy Realty by 31.7% during the 4th quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust’s stock worth $102,000 after acquiring an additional 607 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Kilroy Realty by 14.8% during the 4th quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 336 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its position in shares of Kilroy Realty by 113.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,912 shares of the real estate investment trust’s stock valued at $113,000 after acquiring an additional 1,549 shares during the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Kilroy Realty news, insider Heidi Rena Roth sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were 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 approximately $2,122,921.08. The trade was a 19.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.49% of the company’s stock.

Kilroy Realty Trading Down 1.3 %

NYSE:KRC opened at $34.94 on Tuesday. The firm has a 50 day moving average of $38.76 and a 200 day moving average of $38.43. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.89. Kilroy Realty Co. has a 52 week low of $30.71 and a 52 week high of $43.78. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of 20.92 and a beta of 1.02.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $1.20 EPS for the quarter, beating the consensus estimate of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. As a group, sell-side analysts anticipate that Kilroy Realty Co. will post 4.41 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.54 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.18%. Kilroy Realty’s payout ratio is 129.34%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on KRC. Royal Bank of Canada reissued a “sector perform” rating and set a $44.00 price objective on shares of Kilroy Realty in a research note on Monday, February 10th. Jefferies Financial Group lowered Kilroy Realty from a “buy” rating to a “hold” rating and decreased their price target for the company from $45.00 to $41.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. raised shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $45.00 to $49.00 in a research note on Friday, December 20th. Scotiabank downgraded 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 note on Thursday, November 14th. Finally, Evercore ISI dropped their price target on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $41.20.

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.