Moss Adams Wealth Advisors LLC Reduces Stake in Kilroy Realty Co. (NYSE:KRC)

Moss Adams Wealth Advisors LLC cut its holdings in shares of Kilroy Realty Co. (NYSE:KRC) by 5.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,552 shares of the real estate investment trust’s stock after selling 468 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in Kilroy Realty were worth $341,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KRC. Global Retirement Partners LLC raised its holdings in Kilroy Realty by 458.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,006 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 826 shares in the last quarter. GAMMA Investing LLC bought a new position in Kilroy Realty in the fourth quarter worth about $41,000. Covestor Ltd lifted its holdings in Kilroy Realty by 23.8% in the third quarter. Covestor Ltd now owns 1,933 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 372 shares during the period. Fifth Third Bancorp boosted its position in Kilroy Realty by 28.1% during the 3rd quarter. Fifth Third Bancorp now owns 2,464 shares of the real estate investment trust’s stock valued at $78,000 after acquiring an additional 540 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Kilroy Realty by 15.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,800 shares of the real estate investment trust’s stock worth $89,000 after acquiring an additional 384 shares during the period. Institutional investors own 94.22% of the company’s stock.

Kilroy Realty Stock Performance

Shares of NYSE KRC traded down $0.51 during midday trading on Wednesday, hitting $33.43. 777,485 shares of the stock traded hands, compared to its average volume of 1,087,229. The firm has a market capitalization of $3.92 billion, a P/E ratio of 19.21, a PEG ratio of 2.52 and a beta of 1.02. Kilroy Realty Co. has a one year low of $25.99 and a one year high of $43.37. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.65 and a current ratio of 3.30. The firm has a 50-day moving average of $34.78 and a two-hundred day moving average of $35.30.

Kilroy Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 29th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.46%. The ex-dividend date of this dividend was Wednesday, March 27th. Kilroy Realty’s payout ratio is 124.14%.

Analyst Ratings Changes

A number of research firms have recently commented on KRC. Barclays began coverage on Kilroy Realty in a research note on Wednesday, March 27th. They issued an “equal weight” rating and a $38.00 target price for the company. Deutsche Bank Aktiengesellschaft initiated coverage on Kilroy Realty in a research report on Tuesday, January 30th. They set a “hold” rating and a $40.00 price objective for the company. KeyCorp reduced their target price on shares of Kilroy Realty from $47.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 28th. Finally, Royal Bank of Canada lowered shares of Kilroy Realty from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $44.00 to $39.00 in a report on Friday, March 8th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $39.00.

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.