Federated Hermes Inc. Decreases Holdings in Kilroy Realty Co. (NYSE:KRC)

Federated Hermes Inc. reduced its stake in shares of Kilroy Realty Co. (NYSE:KRC – Get Rating) by 4.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,350 shares of the real estate investment trust’s stock after selling 999 shares during the period. Federated Hermes Inc.’s holdings in Kilroy Realty were worth $857,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Caxton Associates LP raised its position in shares of Kilroy Realty by 256.0% during the 3rd quarter. Caxton Associates LP now owns 27,901 shares of the real estate investment trust’s stock worth $1,175,000 after purchasing an additional 20,063 shares during the last quarter. Centersquare Investment Management LLC raised its holdings in Kilroy Realty by 5.5% in the 3rd quarter. Centersquare Investment Management LLC now owns 3,628,897 shares of the real estate investment trust’s stock valued at $152,812,000 after acquiring an additional 190,420 shares during the last quarter. CI Investments Inc. raised its holdings in Kilroy Realty by 0.5% in the 3rd quarter. CI Investments Inc. now owns 197,716 shares of the real estate investment trust’s stock valued at $8,326,000 after acquiring an additional 886 shares during the last quarter. Royal Bank of Canada raised its holdings in Kilroy Realty by 98.3% in the 3rd quarter. Royal Bank of Canada now owns 13,195 shares of the real estate investment trust’s stock valued at $556,000 after acquiring an additional 6,540 shares during the last quarter. Finally, Allstate Corp raised its holdings in Kilroy Realty by 165.4% in the 3rd quarter. Allstate Corp now owns 71,165 shares of the real estate investment trust’s stock valued at $2,997,000 after acquiring an additional 44,355 shares during the last quarter. 89.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Jefferies Financial Group downgraded Kilroy Realty from a “buy” rating to a “hold” rating and cut their price target for the company from $48.00 to $39.00 in a report on Monday, January 2nd. They noted that the move was a valuation call. JPMorgan Chase & Co. decreased their price target on shares of Kilroy Realty from $54.00 to $47.00 and set a “neutral” rating for the company in a research report on Monday, January 23rd. Wells Fargo & Company decreased their price target on shares of Kilroy Realty to $46.00 in a research report on Wednesday, December 14th. Mizuho decreased their price objective on shares of Kilroy Realty from $55.00 to $48.00 and set a “buy” rating for the company in a research report on Wednesday, January 4th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Kilroy Realty from $46.00 to $41.00 in a research note on Wednesday, March 1st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $52.46.

Kilroy Realty Price Performance

Shares of NYSE:KRC opened at $31.52 on Tuesday. The firm’s 50 day moving average is $38.36 and its two-hundred day moving average is $41.28. Kilroy Realty Co. has a 52 week low of $30.63 and a 52 week high of $79.06. The firm has a market capitalization of $3.69 billion, a P/E ratio of 15.92, a PEG ratio of 2.01 and a beta of 0.86. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.75.

Kilroy Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 12th. Stockholders of record on Friday, March 31st will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 6.85%. The ex-dividend date of this dividend is Thursday, March 30th. Kilroy Realty’s dividend payout ratio (DPR) is presently 109.09%.

Kilroy Realty Profile

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Kilroy Realty Corp. operates as a self-administered real estate investment trust, which engages in the development, acquisition, and management of office and mixed-use real estate assets. It owns, develops, acquires and manages real estate assets, consisting primarily of Class A properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area, and Greater Seattle.