Russell Investments Group Ltd. grew its holdings in Kilroy Realty Corporation (NYSE:KRC – Free Report) by 103.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,278,930 shares of the real estate investment trust’s stock after purchasing an additional 651,423 shares during the period. Russell Investments Group Ltd. owned approximately 1.08% of Kilroy Realty worth $54,035,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Natixis Advisors LLC boosted its holdings in shares of Kilroy Realty by 11.3% during the third quarter. Natixis Advisors LLC now owns 45,024 shares of the real estate investment trust’s stock worth $1,902,000 after purchasing an additional 4,573 shares during the period. HUB Investment Partners LLC acquired a new stake in shares of Kilroy Realty during the 3rd quarter valued at $388,000. Dimensional Fund Advisors LP grew its holdings in shares of Kilroy Realty by 0.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,639,596 shares of the real estate investment trust’s stock valued at $69,274,000 after acquiring an additional 13,864 shares in the last quarter. Cresset Asset Management LLC acquired a new position in shares of Kilroy Realty in the third quarter worth $1,189,000. Finally, Quantbot Technologies LP raised its holdings in shares of Kilroy Realty by 11.0% during the third quarter. Quantbot Technologies LP now owns 163,368 shares of the real estate investment trust’s stock worth $6,902,000 after acquiring an additional 16,150 shares in the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.
Kilroy Realty Stock Performance
KRC opened at $29.01 on Wednesday. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. The stock’s 50 day moving average price is $34.34 and its two-hundred day moving average price is $38.92. The firm has a market capitalization of $3.44 billion, a P/E ratio of 12.56 and a beta of 1.10. Kilroy Realty Corporation has a 12-month low of $27.07 and a 12-month high of $45.03.
Kilroy Realty Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 7.4%. Kilroy Realty’s dividend payout ratio is currently 93.51%.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on KRC. BMO Capital Markets reiterated a “market perform” rating on shares of Kilroy Realty in a report on Wednesday, January 7th. Royal Bank Of Canada dropped their price objective on Kilroy Realty from $46.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, March 2nd. Evercore cut their price objective on shares of 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. Mizuho set a $29.00 target price on shares of Kilroy Realty and gave the company an “underperform” rating in a research note on Tuesday, February 24th. Finally, Wells Fargo & Company upgraded shares of Kilroy Realty from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $38.93.
Read Our Latest Research Report on Kilroy Realty
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.
Featured Stories
- Five stocks we like better than Kilroy Realty
- The gold chart Wall Street is terrified of…
- What a Former CIA Agent Knows About the Coming Collapse
- Elon Musk already made me a “wealthy man”
- Unlocked: Elon Musk’s Next Big IPO
- 1,500 Banks Just Handed the Fed Your Bank Account
Receive News & Ratings for Kilroy Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kilroy Realty and related companies with MarketBeat.com's FREE daily email newsletter.
