Groupe la Francaise bought a new position in Kilroy Realty Corporation (NYSE:KRC – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 14,615 shares of the real estate investment trust’s stock, valued at approximately $412,000.
Other hedge funds have also recently made changes to their positions in the company. Wiser Advisor Group LLC bought a new stake in shares of Kilroy Realty in the third quarter valued at approximately $32,000. Caitong International Asset Management Co. Ltd bought a new position in Kilroy Realty in the 3rd quarter worth approximately $40,000. SJS Investment Consulting Inc. boosted its holdings in Kilroy Realty by 128.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,715 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 963 shares during the period. Exchange Traded Concepts LLC purchased a new position in Kilroy Realty in the 4th quarter valued at approximately $65,000. Finally, Horizon Investments LLC purchased a new position in Kilroy Realty in the 4th quarter valued at approximately $65,000. 94.22% of the stock is currently owned by institutional investors.
Kilroy Realty Stock Down 1.8%
Shares of NYSE:KRC opened at $38.82 on Friday. The stock’s 50-day moving average price is $37.83 and its 200-day moving average price is $34.12. Kilroy Realty Corporation has a 12-month low of $27.36 and a 12-month high of $45.03. The stock has a market capitalization of $4.52 billion, a P/E ratio of 27.34 and a beta of 1.12. The company has a current ratio of 2.65, a quick ratio of 2.09 and a debt-to-equity ratio of 0.83.
Kilroy Realty Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Tuesday, June 30th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend was Tuesday, June 30th. Kilroy Realty’s dividend payout ratio (DPR) is 152.11%.
Analysts Set New Price Targets
A number of brokerages recently issued reports on KRC. UBS Group set a $44.00 price objective on Kilroy Realty in a report on Tuesday, June 16th. Scotiabank upped their price target on Kilroy Realty from $38.00 to $41.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 21st. Weiss Ratings raised shares of Kilroy Realty from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 1st. Evercore upgraded shares of Kilroy Realty from an “in-line” rating to an “outperform” rating and set a $42.00 price objective for the company in a research report on Monday, June 8th. Finally, Wells Fargo & Company boosted their price objective on shares of Kilroy Realty from $31.00 to $33.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $39.13.
Read Our Latest Stock Report on Kilroy Realty
Insider Buying and Selling
In other news, President Justin William Smart sold 10,848 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $38.71, for a total value of $419,926.08. Following the completion of the transaction, the president owned 519,872 shares in the company, valued at $20,124,245.12. The trade was a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jolie A. Hunt sold 15,800 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $37.79, for a total value of $597,082.00. Following the completion of the transaction, the director directly owned 13,892 shares of the company’s stock, valued at approximately $524,978.68. This trade represents a 53.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 29,648 shares of company stock valued at $1,120,958 over the last quarter. Corporate insiders own 0.83% of the company’s stock.
About Kilroy Realty
Kilroy Realty Corporation (NYSE: KRC) is a publicly traded real estate investment trust focused on the development, acquisition and management of high‐quality office and mixed‐use properties along the U.S. West Coast. The company’s portfolio encompasses major urban markets including Los Angeles, San Diego, the San Francisco Bay Area and Seattle. Kilroy Realty targets properties in transit‐oriented submarkets, blending workplace space with retail, residential and hospitality amenities to create vibrant, walkable neighborhoods.
Founded in the mid‐20th century by members of the Kilroy family, the company evolved from a regional landlord into one of the leading West Coast office landlords.
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