Federated Hermes Inc. Grows Holdings in Kilroy Realty Corporation $KRC

Federated Hermes Inc. lifted its position in shares of Kilroy Realty Corporation (NYSE:KRC) by 6.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,494,985 shares of the real estate investment trust’s stock after buying an additional 89,307 shares during the quarter. Federated Hermes Inc. owned approximately 1.26% of Kilroy Realty worth $63,163,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in Kilroy Realty during the second quarter worth approximately $310,746,000. State Street Corp lifted its stake in shares of Kilroy Realty by 1.2% during the 2nd quarter. State Street Corp now owns 5,841,917 shares of the real estate investment trust’s stock worth $203,514,000 after purchasing an additional 67,546 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of Kilroy Realty by 168.6% during the second quarter. Daiwa Securities Group Inc. now owns 3,562,992 shares of the real estate investment trust’s stock worth $122,246,000 after purchasing an additional 2,236,539 shares during the last quarter. PGGM Investments grew its position in shares of Kilroy Realty by 8.2% in the second quarter. PGGM Investments now owns 3,100,393 shares of the real estate investment trust’s stock valued at $106,374,000 after purchasing an additional 234,624 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Kilroy Realty by 0.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,225,306 shares of the real estate investment trust’s stock valued at $76,350,000 after purchasing an additional 8,515 shares during the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Analyst Upgrades and Downgrades

KRC has been the topic of a number of research analyst reports. Mizuho raised their price target on Kilroy Realty from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Jefferies Financial Group raised shares of Kilroy Realty from a “hold” rating to a “buy” rating and raised their target price for the stock from $33.00 to $45.00 in a research report on Monday, October 13th. BMO Capital Markets restated a “market perform” rating on shares of Kilroy Realty in a report on Wednesday, January 7th. Evercore ISI cut their price target on shares of Kilroy Realty from $47.00 to $46.00 and set an “in-line” rating on the stock in a research note on Friday, November 14th. Finally, New Street Research set a $45.00 price target on shares of Kilroy Realty in a report on Monday, October 13th. One research analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $40.92.

Kilroy Realty Trading Down 2.0%

Shares of KRC stock opened at $34.32 on Thursday. The company has a quick ratio of 2.56, a current ratio of 2.56 and a debt-to-equity ratio of 0.81. Kilroy Realty Corporation has a fifty-two week low of $27.07 and a fifty-two week high of $45.03. The firm’s 50 day moving average price is $39.10 and its two-hundred day moving average price is $40.07. The stock has a market cap of $4.06 billion, a price-to-earnings ratio of 12.66 and a beta of 1.10.

Kilroy Realty (NYSE:KRC) last issued its earnings results on Monday, October 27th. The real estate investment trust reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. Kilroy Realty had a net margin of 28.68% and a return on equity of 5.75%. The business had revenue of $279.74 million for the quarter, compared to the consensus estimate of $271.24 million. During the same quarter last year, the firm posted $1.17 EPS. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. On average, analysts anticipate that Kilroy Realty Corporation will post 4 EPS for the current year.

Kilroy Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 31st were given a $0.54 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.16 annualized dividend and a dividend yield of 6.3%. Kilroy Realty’s dividend payout ratio is presently 79.70%.

Kilroy Realty Company Profile

Kilroy Realty Corporation (NYSE: KRC) is a publicly traded real estate investment trust focused on the development, acquisition and management of high‐quality office and mixed‐use properties along the U.S. West Coast. The company’s portfolio encompasses major urban markets including Los Angeles, San Diego, the San Francisco Bay Area and Seattle. Kilroy Realty targets properties in transit‐oriented submarkets, blending workplace space with retail, residential and hospitality amenities to create vibrant, walkable neighborhoods.

Founded in the mid‐20th century by members of the Kilroy family, the company evolved from a regional landlord into one of the leading West Coast office landlords.