Kilroy Realty Co. (NYSE:KRC) Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC grew its position in Kilroy Realty Co. (NYSE:KRC) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,114 shares of the real estate investment trust’s stock after acquiring an additional 347 shares during the period. Sanctuary Advisors LLC’s holdings in Kilroy Realty were worth $277,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of KRC. Victory Capital Management Inc. raised its position in shares of Kilroy Realty by 585.2% in the third quarter. Victory Capital Management Inc. now owns 830,311 shares of the real estate investment trust’s stock worth $32,133,000 after acquiring an additional 709,126 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Kilroy Realty by 428.5% during the 3rd 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 worth $32,933,000 after purchasing an additional 689,962 shares during the last quarter. abrdn plc raised its position in shares of Kilroy Realty by 1,592.3% during the 4th quarter. abrdn plc now owns 400,404 shares of the real estate investment trust’s stock worth $16,216,000 after purchasing an additional 376,743 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Kilroy Realty by 4.7% during the 4th quarter. Principal Financial Group Inc. now owns 4,862,310 shares of the real estate investment trust’s stock worth $196,680,000 after purchasing an additional 218,163 shares during the last quarter. Finally, Verition Fund Management LLC raised its position in shares of Kilroy Realty by 77.6% during the 3rd quarter. Verition Fund Management LLC now owns 280,646 shares of the real estate investment trust’s stock worth $10,861,000 after purchasing an additional 122,616 shares during the last quarter. Institutional investors and hedge funds own 94.22% of the company’s stock.

Kilroy Realty Stock Performance

Kilroy Realty stock opened at $34.12 on Wednesday. The firm has a 50 day simple moving average of $37.31 and a 200-day simple moving average of $38.50. Kilroy Realty Co. has a 1-year low of $30.71 and a 1-year 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 stock has a market cap of $4.03 billion, a price-to-earnings ratio of 19.27 and a beta of 1.02.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share for the quarter, beating 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%. On average, analysts expect 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. Stockholders of record on Monday, March 31st will be paid 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 6.33%. Kilroy Realty’s dividend payout ratio (DPR) is 122.03%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $45.00 to $49.00 in a research report on Friday, December 20th. Jefferies Financial Group downgraded shares of Kilroy Realty from a “buy” rating to a “hold” rating and reduced their price target for the stock from $45.00 to $41.00 in a research report on Thursday, January 2nd. Evercore ISI reduced 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 report on Wednesday, February 12th. Royal Bank of Canada restated a “sector perform” rating and set a $44.00 price target on shares of Kilroy Realty in a research report on Monday, February 10th. Finally, Barclays upgraded shares of Kilroy Realty from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $42.00 to $44.00 in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $41.45.

Insider Activity

In related news, CEO Angela M. Aman acquired 2,797 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average price of $35.45 per share, with a total value of $99,153.65. Following the transaction, the chief executive officer now owns 2,797 shares of the company’s stock, valued at approximately $99,153.65. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.49% of the company’s stock.

Kilroy Realty 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.