GAMMA Investing LLC Acquires Shares of 1,021 Kilroy Realty Co. (NYSE:KRC)

GAMMA Investing LLC acquired a new stake in Kilroy Realty Co. (NYSE:KRC) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 1,021 shares of the real estate investment trust’s stock, valued at approximately $41,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Coldstream Capital Management Inc. raised its position in shares of Kilroy Realty by 4.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 8,284 shares of the real estate investment trust’s stock valued at $262,000 after acquiring an additional 342 shares during the period. Covestor Ltd raised 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 purchasing an additional 372 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Kilroy Realty by 15.9% in the third quarter. EverSource Wealth Advisors LLC now owns 2,800 shares of the real estate investment trust’s stock worth $89,000 after purchasing an additional 384 shares during the period. Arizona State Retirement System boosted its position in shares of Kilroy Realty by 1.4% during the third quarter. Arizona State Retirement System now owns 31,680 shares of the real estate investment trust’s stock worth $1,001,000 after purchasing an additional 429 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in shares of Kilroy Realty by 28.1% in the 3rd quarter. Fifth Third Bancorp now owns 2,464 shares of the real estate investment trust’s stock valued at $78,000 after buying an additional 540 shares during the period. Institutional investors own 94.22% of the company’s stock.

Kilroy Realty Stock Performance

Shares of NYSE KRC opened at $33.91 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.65 and a current ratio of 2.65. The stock has a 50 day moving average price of $34.89 and a 200 day moving average price of $35.18. The stock has a market capitalization of $3.98 billion, a PE ratio of 18.84, a price-to-earnings-growth ratio of 2.47 and a beta of 1.02. Kilroy Realty Co. has a 52 week low of $25.99 and a 52 week high of $43.37.

Kilroy Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 29th were paid a $0.54 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $2.16 annualized dividend and a dividend yield of 6.37%. Kilroy Realty’s dividend payout ratio is presently 120.00%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on KRC. Barclays began coverage on Kilroy Realty in a report on Wednesday, March 27th. They issued an “equal weight” rating and a $38.00 price target for the company. Royal Bank of Canada lowered shares of Kilroy Realty from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $44.00 to $39.00 in a report on Friday, March 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Kilroy Realty in a research note on Tuesday, January 30th. They issued a “hold” rating and a $40.00 target price for the company. Finally, KeyCorp dropped their price target on Kilroy Realty from $47.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 28th. Seven investment 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, the company presently has a consensus rating of “Hold” and a consensus target price of $39.00.

Kilroy Realty 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.