9,057,009 Shares in Kilroy Realty Co. (NYSE:KRC) Purchased by Norges Bank

Norges Bank acquired a new stake in shares of Kilroy Realty Co. (NYSE:KRC) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,057,009 shares of the real estate investment trust’s stock, valued at approximately $366,356,000. Norges Bank owned 0.08% of Kilroy Realty at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of KRC. Principal Financial Group Inc. boosted its stake in Kilroy Realty by 4.7% during the fourth quarter. Principal Financial Group Inc. now owns 4,862,310 shares of the real estate investment trust’s stock worth $196,680,000 after buying an additional 218,163 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Kilroy Realty by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,200,616 shares of the real estate investment trust’s stock worth $89,015,000 after purchasing an additional 28,899 shares during the period. Prudential Financial Inc. grew its holdings in Kilroy Realty by 12.9% during the 4th quarter. Prudential Financial Inc. now owns 1,645,915 shares of the real estate investment trust’s stock valued at $63,862,000 after purchasing an additional 187,712 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Kilroy Realty by 428.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 850,975 shares of the real estate investment trust’s stock valued at $32,933,000 after purchasing an additional 689,962 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in Kilroy Realty by 0.3% in the 4th quarter. Victory Capital Management Inc. now owns 832,392 shares of the real estate investment trust’s stock worth $33,670,000 after purchasing an additional 2,081 shares during the period. 94.22% of the stock is owned by institutional investors.

Kilroy Realty Trading Down 2.8 %

NYSE:KRC opened at $33.26 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21. The firm has a 50-day simple moving average of $35.43 and a 200-day simple moving average of $38.28. Kilroy Realty Co. has a one year low of $30.71 and a one year high of $43.78. The firm has a market cap of $3.93 billion, a P/E ratio of 18.79 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 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. Equities analysts anticipate that Kilroy Realty Co. will post 4 EPS for the current fiscal year.

Kilroy Realty Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 6.50%. Kilroy Realty’s dividend payout ratio (DPR) is presently 122.03%.

Analysts Set New Price Targets

KRC has been the topic of a number of analyst reports. Mizuho reaffirmed a “neutral” rating and set a $43.00 target price (down previously from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. Wells Fargo & Company lowered Kilroy Realty from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $43.00 to $35.00 in a research note on Monday, March 10th. Jefferies Financial Group began coverage on shares of Kilroy Realty in a research note on Monday, March 17th. They set a “hold” rating and a $34.00 target price for the company. Evercore ISI reduced their price target on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating on the stock in a research note on Wednesday, February 12th. Finally, JPMorgan Chase & Co. raised shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $45.00 to $49.00 in a research report on Friday, December 20th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $39.55.

Insiders Place Their Bets

In related news, insider A. Robert Paratte sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $34.74, for a total transaction of $208,440.00. Following the completion of the transaction, the insider now owns 86,744 shares in the company, valued at $3,013,486.56. The trade was a 6.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Angela M. Aman bought 2,797 shares of the stock in a transaction on Friday, February 28th. The stock was purchased at an average price of $35.45 per share, with a total value of $99,153.65. Following the completion of the purchase, 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 disclosure for this purchase can be found here. 2.49% of the stock is currently owned by corporate insiders.

About Kilroy Realty

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.