PGGM Investments Has $119.59 Million Stock Holdings in Kilroy Realty Co. (NYSE:KRC)

PGGM Investments lowered its holdings in shares of Kilroy Realty Co. (NYSE:KRC) by 10.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,956,458 shares of the real estate investment trust’s stock after selling 330,470 shares during the period. Kilroy Realty makes up about 1.6% of PGGM Investments’ holdings, making the stock its 18th biggest position. PGGM Investments owned 2.50% of Kilroy Realty worth $119,589,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Assetmark Inc. grew its position in shares of Kilroy Realty by 1.0% during the 3rd quarter. Assetmark Inc. now owns 26,792 shares of the real estate investment trust’s stock worth $1,037,000 after buying an additional 274 shares during the period. State of Alaska Department of Revenue boosted its stake in Kilroy Realty by 0.4% during the fourth quarter. State of Alaska Department of Revenue now owns 68,456 shares of the real estate investment trust’s stock worth $2,768,000 after acquiring an additional 276 shares in the last quarter. Choreo LLC grew its holdings in Kilroy Realty by 3.2% in the fourth quarter. Choreo LLC now owns 8,852 shares of the real estate investment trust’s stock worth $358,000 after purchasing an additional 278 shares during the period. M&T Bank Corp grew its holdings in Kilroy Realty by 1.3% in the fourth quarter. M&T Bank Corp now owns 22,889 shares of the real estate investment trust’s stock worth $926,000 after purchasing an additional 293 shares during the period. Finally, US Bancorp DE increased its stake in Kilroy Realty by 3.4% in the fourth quarter. US Bancorp DE now owns 9,680 shares of the real estate investment trust’s stock valued at $392,000 after purchasing an additional 317 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on KRC shares. Mizuho reaffirmed a “neutral” rating and issued a $43.00 target price (down from $45.00) on shares of Kilroy Realty in a research report on Tuesday, January 7th. Evercore ISI decreased their price objective on Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a report on Wednesday, February 12th. Barclays raised Kilroy Realty from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $42.00 to $44.00 in a research report on Thursday, February 27th. Jefferies Financial Group downgraded shares of Kilroy Realty from a “buy” rating to a “hold” rating and reduced their price target for the company from $45.00 to $41.00 in a research report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $45.00 to $49.00 in a report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.73.

Kilroy Realty Stock Up 1.4 %

KRC opened at $32.92 on Thursday. Kilroy Realty Co. has a fifty-two week low of $30.71 and a fifty-two week high of $43.78. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.21 and a quick ratio of 2.21. The company’s 50-day moving average is $36.37 and its 200 day moving average is $38.41. The firm has a market capitalization of $3.89 billion, a P/E ratio of 18.60 and a beta of 1.02.

Kilroy Realty (NYSE:KRC) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 EPS for the quarter, topping the consensus estimate of $1.03 by $0.17. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. Research analysts expect that Kilroy Realty Co. will post 4 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be paid a $0.54 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.16 dividend on an annualized basis and a yield of 6.56%. Kilroy Realty’s dividend payout ratio (DPR) is presently 122.03%.

Insider Activity

In related news, CEO Angela M. Aman purchased 2,797 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average cost of $35.45 per share, with a total value of $99,153.65. Following the acquisition, the chief executive officer now owns 2,797 shares of the company’s stock, valued at $99,153.65. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.49% of the company’s stock.

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.