Sumitomo Mitsui Trust Holdings Inc. Lowers Holdings in Kilroy Realty Co. (NYSE:KRC)

Sumitomo Mitsui Trust Holdings Inc. reduced its position in shares of Kilroy Realty Co. (NYSE:KRC) by 6.3% in the fourth quarter, Holdings Channel reports. The firm owned 738,792 shares of the real estate investment trust’s stock after selling 49,344 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Kilroy Realty were worth $29,433,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Kilroy Realty by 2.0% in the third quarter. Vanguard Group Inc. now owns 16,906,218 shares of the real estate investment trust’s stock valued at $534,406,000 after purchasing an additional 334,859 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Kilroy Realty by 4.3% during the 1st quarter. BlackRock Inc. now owns 14,219,574 shares of the real estate investment trust’s stock worth $460,714,000 after acquiring an additional 583,920 shares during the last quarter. Norges Bank purchased a new position in Kilroy Realty in the fourth quarter worth $350,235,000. State Street Corp increased its stake in Kilroy Realty by 0.5% in the first quarter. State Street Corp now owns 6,265,901 shares of the real estate investment trust’s stock valued at $206,333,000 after acquiring an additional 32,293 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Kilroy Realty by 0.4% during the third quarter. Principal Financial Group Inc. now owns 5,501,383 shares of the real estate investment trust’s stock valued at $173,898,000 after purchasing an additional 23,585 shares in the last quarter. Institutional investors own 94.22% of the company’s stock.

Kilroy Realty Stock Performance

Shares of NYSE:KRC opened at $33.09 on Monday. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 0.87. The company has a 50-day moving average price of $35.28 and a 200-day moving average price of $35.00. The company has a market cap of $3.88 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 2.46 and a beta of 1.02. Kilroy Realty Co. has a 12 month low of $25.99 and a 12 month high of $43.37.

Kilroy Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders 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 yield of 6.53%. The ex-dividend date was Wednesday, March 27th. Kilroy Realty’s payout ratio is 120.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on KRC shares. Deutsche Bank Aktiengesellschaft started coverage on Kilroy Realty in a research report on Tuesday, January 30th. They set a “hold” rating and a $40.00 price objective on the stock. KeyCorp reduced their price target 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. Barclays initiated coverage on shares of Kilroy Realty in a research note on Wednesday, March 27th. They issued an “equal weight” rating and a $38.00 price objective for the company. Finally, Royal Bank of Canada cut shares of Kilroy Realty from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $44.00 to $39.00 in a research report on Friday, March 8th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Kilroy Realty currently has a consensus rating of “Hold” and a consensus price target of $39.00.

Kilroy Realty Company Profile

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.