Zurcher Kantonalbank Zurich Cantonalbank Buys 23,750 Shares of Kilroy Realty Co. (NYSE:KRC)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Kilroy Realty Co. (NYSE:KRC) by 25.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 116,506 shares of the real estate investment trust’s stock after purchasing an additional 23,750 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.10% of Kilroy Realty worth $4,713,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of KRC. Vestcor Inc raised its position in Kilroy Realty by 289.0% in the 3rd quarter. Vestcor Inc now owns 34,313 shares of the real estate investment trust’s stock valued at $1,328,000 after buying an additional 25,492 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Kilroy Realty by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,171,717 shares of the real estate investment trust’s stock worth $84,045,000 after acquiring an additional 27,660 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Kilroy Realty by 25.4% in the fourth quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust’s stock valued at $75,000 after purchasing an additional 374 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Kilroy Realty by 428.5% during the third 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 purchasing an additional 689,962 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in Kilroy Realty by 6.8% during the third quarter. BNP Paribas Financial Markets now owns 111,262 shares of the real estate investment trust’s stock worth $4,306,000 after purchasing an additional 7,129 shares during the last quarter. Institutional investors own 94.22% of the company’s stock.

Kilroy Realty Stock Performance

NYSE KRC opened at $33.15 on Friday. The firm has a market cap of $3.92 billion, a P/E ratio of 18.73 and a beta of 1.02. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.82. The company’s 50 day moving average is $36.06 and its 200-day moving average is $38.34. Kilroy Realty Co. has a 12-month low of $30.71 and a 12-month high of $43.78.

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

Kilroy Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 6.52%. The ex-dividend date of this dividend is Monday, March 31st. Kilroy Realty’s payout ratio is presently 122.03%.

Insider Activity

In other news, CEO Angela M. Aman purchased 2,797 shares of the business’s stock in a transaction on Friday, February 28th. The stock was purchased at an average cost of $35.45 per share, with a total value of $99,153.65. Following the acquisition, the chief executive officer now directly owns 2,797 shares in the company, valued at approximately $99,153.65. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on KRC. Barclays upgraded shares of 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 research note on Thursday, February 27th. Evercore ISI dropped their price target on Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating on the stock in a report on Wednesday, February 12th. Mizuho reissued a “neutral” rating and issued a $43.00 price objective (down previously from $45.00) on shares of Kilroy Realty in a research report on Tuesday, January 7th. Royal Bank of Canada decreased their target price on 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. Finally, Jefferies Financial Group downgraded shares of Kilroy Realty from a “buy” rating to a “hold” rating and cut their price target for the stock from $45.00 to $41.00 in a report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average 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.