34,706 Shares in Kilroy Realty Co. (NYSE:KRC) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new position in shares of Kilroy Realty Co. (NYSE:KRC) during the fourth quarter, HoldingsChannel reports. The firm purchased 34,706 shares of the real estate investment trust’s stock, valued at approximately $1,404,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in 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 buying an additional 218,163 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Kilroy Realty by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,200,616 shares of the real estate investment trust’s stock worth $89,015,000 after buying an additional 28,899 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in 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 buying an additional 689,962 shares during the period. Victory Capital Management Inc. raised its stake in Kilroy Realty by 0.3% during the 4th quarter. Victory Capital Management Inc. now owns 832,392 shares of the real estate investment trust’s stock worth $33,670,000 after buying an additional 2,081 shares during the period. Finally, abrdn plc raised its stake in 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 buying an additional 376,743 shares during the period. 94.22% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Kilroy Realty

In other news, CEO Angela M. Aman acquired 2,797 shares of Kilroy Realty stock in a transaction on Friday, February 28th. The stock was acquired at an average cost of $35.45 per share, with a total value of $99,153.65. Following the completion of the acquisition, the chief executive officer now 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.49% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Mizuho reissued a “neutral” rating and issued a $43.00 price objective (down from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. JPMorgan Chase & Co. raised Kilroy Realty from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $45.00 to $49.00 in a research note on Friday, December 20th. Wells Fargo & Company downgraded Kilroy Realty from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $43.00 to $35.00 in a research note on Monday, March 10th. Evercore ISI lowered their price objective on 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. Finally, Jefferies Financial Group assumed coverage on Kilroy Realty in a research note on Monday. They issued a “hold” rating and a $34.00 price objective for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Kilroy Realty has a consensus rating of “Hold” and a consensus target price of $40.09.

Kilroy Realty Stock Performance

Shares of KRC opened at $34.55 on Friday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 19.52 and a beta of 1.02. The stock has a 50 day moving average of $35.78 and a 200 day moving average of $38.29. Kilroy Realty Co. has a 12 month low of $30.71 and a 12 month high of $43.78.

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

Kilroy Realty Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 6.25%. The ex-dividend date is Monday, March 31st. Kilroy Realty’s dividend payout ratio (DPR) is 122.03%.

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.