abrdn plc Sells 152,135 Shares of Kilroy Realty Co. (NYSE:KRC)

abrdn plc reduced its stake in Kilroy Realty Co. (NYSE:KRC – Get Rating) by 87.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,856 shares of the real estate investment trust’s stock after selling 152,135 shares during the period. abrdn plc’s holdings in Kilroy Realty were worth $807,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Neo Ivy Capital Management acquired a new position in shares of Kilroy Realty in the 3rd quarter worth approximately $30,000. Signaturefd LLC boosted its holdings in shares of Kilroy Realty by 257.5% in the 4th quarter. Signaturefd LLC now owns 1,505 shares of the real estate investment trust’s stock worth $58,000 after acquiring an additional 1,084 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of Kilroy Realty in the 2nd quarter worth approximately $59,000. Guardian Wealth Advisors LLC acquired a new position in shares of Kilroy Realty in the 3rd quarter worth approximately $75,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Kilroy Realty by 19.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,397 shares of the real estate investment trust’s stock worth $100,000 after acquiring an additional 387 shares in the last quarter. 89.86% of the stock is currently owned by institutional investors.

Kilroy Realty Price Performance

KRC opened at $26.41 on Friday. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 0.78. Kilroy Realty Co. has a 12 month low of $25.99 and a 12 month high of $62.18. The company has a fifty day simple moving average of $29.38 and a 200 day simple moving average of $35.75. The stock has a market cap of $3.09 billion, a P/E ratio of 13.14, a P/E/G ratio of 1.91 and a beta of 0.86.

Analyst Ratings Changes

KRC has been the topic of several recent analyst reports. The Goldman Sachs Group initiated coverage on Kilroy Realty in a report on Tuesday, March 21st. They issued a “buy” rating and a $41.00 target price on the stock. StockNews.com started coverage on Kilroy Realty in a report on Thursday, May 18th. They set a “hold” rating on the stock. Wells Fargo & Company reduced their price objective on Kilroy Realty from $46.00 to $36.00 and set an “overweight” rating on the stock in a report on Thursday, March 16th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Kilroy Realty from $46.00 to $41.00 in a report on Wednesday, March 1st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $48.38.

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.