Kilroy Realty Co. (NYSE:KRC) Holdings Raised by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in Kilroy Realty Co. (NYSE:KRC) by 15.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 91,854 shares of the real estate investment trust’s stock after buying an additional 12,328 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Kilroy Realty were worth $3,715,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Wilmington Savings Fund Society FSB purchased a new position in shares of Kilroy Realty during the 3rd quarter valued at $34,000. GAMMA Investing LLC raised its position 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 period. Fifth Third Bancorp raised its stake in 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 valued at $102,000 after purchasing an additional 607 shares during the last quarter. Versant Capital Management Inc increased its holdings 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 worth $105,000 after purchasing an additional 336 shares during the period. Finally, KBC Group NV lifted its stake in shares of Kilroy Realty by 54.2% in the fourth quarter. KBC Group NV now owns 4,819 shares of the real estate investment trust’s stock valued at $195,000 after buying an additional 1,694 shares during the period. Institutional investors and hedge funds own 94.22% of the company’s stock.

Insider Activity

In other Kilroy Realty news, CEO Angela M. Aman bought 2,797 shares of the stock in a transaction dated Friday, February 28th. The stock was bought at an average cost of $35.45 per share, for a total transaction of $99,153.65. Following the completion of the purchase, the chief executive officer now owns 2,797 shares in the company, valued at $99,153.65. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.49% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

KRC has been the subject of several research reports. Royal Bank of Canada reduced their target price on shares of Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating for the company in a research note on Monday, March 10th. Mizuho reiterated a “neutral” rating and issued a $43.00 target price (down previously from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. Jefferies Financial Group initiated coverage on shares of Kilroy Realty in a research note on Monday. They issued a “hold” rating and a $34.00 target price for the company. Wells Fargo & Company cut shares of Kilroy Realty from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $43.00 to $35.00 in a research note on Monday, March 10th. Finally, The Goldman Sachs Group reduced their target price on shares of Kilroy Realty from $48.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. 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. According to MarketBeat.com, Kilroy Realty has a consensus rating of “Hold” and a consensus price target of $40.09.

Kilroy Realty Stock Up 1.3 %

KRC opened at $34.62 on Thursday. The firm’s 50-day simple moving average is $35.83 and its 200-day simple moving average is $38.31. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21. Kilroy Realty Co. has a twelve month low of $30.71 and a twelve month high of $43.78. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of 19.56 and a beta of 1.02.

Kilroy Realty (NYSE:KRC) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share 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 anticipate that Kilroy Realty Co. will post 4 EPS for the current fiscal year.

Kilroy Realty Dividend Announcement

The firm also recently announced 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 is Monday, March 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.24%. Kilroy Realty’s dividend payout ratio (DPR) is presently 122.03%.

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.