Principal Financial Group Inc. Has $178.90 Million Stock Holdings in Kilroy Realty Corporation $KRC

Principal Financial Group Inc. reduced its position in shares of Kilroy Realty Corporation (NYSE:KRC) by 3.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,234,367 shares of the real estate investment trust’s stock after selling 137,876 shares during the quarter. Principal Financial Group Inc.’s holdings in Kilroy Realty were worth $178,902,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its position in shares of Kilroy Realty by 16.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,991 shares of the real estate investment trust’s stock worth $84,000 after buying an additional 284 shares during the period. Louisiana State Employees Retirement System boosted its stake in Kilroy Realty by 1.3% in the third quarter. Louisiana State Employees Retirement System now owns 30,300 shares of the real estate investment trust’s stock valued at $1,280,000 after acquiring an additional 400 shares during the last quarter. CWM LLC grew its holdings in Kilroy Realty by 10.6% during the 3rd quarter. CWM LLC now owns 4,459 shares of the real estate investment trust’s stock worth $188,000 after acquiring an additional 426 shares during the period. Ballentine Partners LLC raised its position in shares of Kilroy Realty by 2.6% during the 3rd quarter. Ballentine Partners LLC now owns 17,781 shares of the real estate investment trust’s stock valued at $751,000 after acquiring an additional 448 shares during the last quarter. Finally, Arizona State Retirement System raised its position in shares of Kilroy Realty by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 33,251 shares of the real estate investment trust’s stock valued at $1,405,000 after acquiring an additional 462 shares during the last quarter. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on KRC. Evercore ISI reduced their price target on Kilroy Realty from $47.00 to $46.00 and set an “in-line” rating on the stock in a research report on Friday, November 14th. Weiss Ratings restated a “hold (c+)” rating on shares of Kilroy Realty in a report on Monday, December 29th. Mizuho upped their price target on Kilroy Realty from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. KeyCorp reissued a “sector weight” rating on shares of Kilroy Realty in a research note on Thursday, December 4th. Finally, Jefferies Financial Group upgraded shares of Kilroy Realty from a “hold” rating to a “buy” rating and boosted their price objective for the company from $33.00 to $45.00 in a report on Monday, October 13th. One equities research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Kilroy Realty has an average rating of “Hold” and a consensus target price of $40.92.

Kilroy Realty Price Performance

Shares of KRC opened at $34.48 on Monday. The stock has a 50 day simple moving average of $38.85 and a 200 day simple moving average of $40.06. Kilroy Realty Corporation has a 52-week low of $27.07 and a 52-week high of $45.03. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.56 and a current ratio of 2.56. The firm has a market capitalization of $4.08 billion, a PE ratio of 12.72 and a beta of 1.10.

Kilroy Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 31st were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 6.3%. The ex-dividend date was Wednesday, December 31st. Kilroy Realty’s dividend payout ratio is 79.70%.

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.