abrdn plc Raises Position in Kilroy Realty Co. (NYSE:KRC)

abrdn plc grew its position in Kilroy Realty Co. (NYSE:KRC) by 1,133.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 293,341 shares of the real estate investment trust’s stock after acquiring an additional 269,556 shares during the period. abrdn plc owned about 0.25% of Kilroy Realty worth $11,687,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in KRC. Global Retirement Partners LLC boosted its holdings in shares of Kilroy Realty by 458.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,006 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 826 shares in the last quarter. Covestor Ltd lifted its stake in shares of Kilroy Realty by 23.8% in the third quarter. Covestor Ltd now owns 1,933 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 372 shares during the period. Fifth Third Bancorp lifted its stake in shares of Kilroy Realty by 28.1% in the third quarter. Fifth Third Bancorp now owns 2,464 shares of the real estate investment trust’s stock valued at $78,000 after purchasing an additional 540 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of 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 valued at $89,000 after purchasing an additional 384 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Kilroy Realty by 36.5% in the third quarter. PNC Financial Services Group Inc. now owns 2,888 shares of the real estate investment trust’s stock valued at $91,000 after purchasing an additional 772 shares during the period. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Kilroy Realty Stock Performance

NYSE:KRC opened at $33.23 on Friday. The firm has a 50 day simple moving average of $35.18 and a 200-day simple moving average of $35.04. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.65 and a quick ratio of 2.65. The firm has a market cap of $3.90 billion, a PE ratio of 18.46, a P/E/G ratio of 2.51 and a beta of 1.02. Kilroy Realty Co. has a 1-year low of $25.99 and a 1-year high of $43.37.

Kilroy Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 29th were given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.50%. The ex-dividend date of this dividend was Wednesday, March 27th. Kilroy Realty’s dividend payout ratio is presently 120.00%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. KeyCorp reduced their price objective on shares of Kilroy Realty from $47.00 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday, February 28th. Barclays assumed coverage on shares of Kilroy Realty in a research note on Wednesday, March 27th. They issued an “equal weight” rating and a $38.00 price objective for the company. 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 price objective for the company. Finally, Royal Bank of Canada cut shares of Kilroy Realty from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $44.00 to $39.00 in a research note on Friday, March 8th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Kilroy Realty has an average rating of “Hold” and an average 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.