CWA Asset Management Group LLC acquired a new position in shares of Kilroy Realty Corporation (NYSE:KRC – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 21,322 shares of the real estate investment trust’s stock, valued at approximately $797,000.
Other hedge funds have also modified their holdings of the company. Caprock Group LLC purchased a new stake in Kilroy Realty during the 3rd quarter worth about $1,741,000. Nan Fung Trinity HK Ltd. purchased a new position in shares of Kilroy Realty in the 3rd quarter valued at about $3,270,000. Allianz Asset Management GmbH boosted its stake in shares of Kilroy Realty by 134.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 141,806 shares of the real estate investment trust’s stock valued at $5,991,000 after buying an additional 81,292 shares during the period. Federated Hermes Inc. grew its position in shares of Kilroy Realty by 6.4% during the third quarter. Federated Hermes Inc. now owns 1,494,985 shares of the real estate investment trust’s stock worth $63,163,000 after buying an additional 89,307 shares in the last quarter. Finally, Aaron Wealth Advisors LLC grew its position in shares of Kilroy Realty by 521.6% during the third quarter. Aaron Wealth Advisors LLC now owns 41,581 shares of the real estate investment trust’s stock worth $1,757,000 after buying an additional 34,892 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors and hedge funds.
Kilroy Realty Price Performance
KRC stock opened at $28.72 on Tuesday. The business has a 50 day moving average price of $32.57 and a 200 day moving average price of $38.14. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 12.43 and a beta of 1.10. Kilroy Realty Corporation has a fifty-two week low of $27.07 and a fifty-two week high of $45.03. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.81.
Kilroy Realty Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Tuesday, March 31st will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend is Tuesday, March 31st. Kilroy Realty’s dividend payout ratio (DPR) is 93.51%.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on KRC. Royal Bank Of Canada reduced their target price on shares of Kilroy Realty from $46.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, March 2nd. Scotiabank lowered their price target on shares of Kilroy Realty from $42.00 to $37.00 and set a “sector perform” rating for the company in a report on Monday, March 2nd. KeyCorp reissued a “sector weight” rating on shares of Kilroy Realty in a research report on Thursday, December 4th. Wall Street Zen lowered shares of Kilroy Realty from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Kilroy Realty in a research report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $38.93.
View Our Latest Stock Report on Kilroy Realty
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.
See Also
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