Federated Hermes Inc. Sells 26,596 Shares of Kilroy Realty Co. (NYSE:KRC)

Federated Hermes Inc. trimmed its stake in Kilroy Realty Co. (NYSE:KRC) by 2.0% in the fourth quarter, Holdings Channel reports. The firm owned 1,291,165 shares of the real estate investment trust’s stock after selling 26,596 shares during the quarter. Federated Hermes Inc.’s holdings in Kilroy Realty were worth $51,440,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Venture Visionary Partners LLC acquired a new stake in shares of Kilroy Realty in the fourth quarter valued at approximately $1,556,000. Wellington Management Group LLP bought a new position in Kilroy Realty during the third quarter worth $25,093,000. Rush Island Management LP acquired a new position in shares of Kilroy Realty in the third quarter valued at $35,572,000. Raymond James & Associates raised its position in shares of Kilroy Realty by 15.2% in the third quarter. Raymond James & Associates now owns 23,382 shares of the real estate investment trust’s stock valued at $739,000 after purchasing an additional 3,093 shares during the period. Finally, Citigroup Inc. lifted its stake in shares of Kilroy Realty by 32.7% during the 3rd quarter. Citigroup Inc. now owns 38,359 shares of the real estate investment trust’s stock worth $1,213,000 after buying an additional 9,450 shares during the last quarter. Institutional investors and hedge funds own 94.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on KRC. Barclays began 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 target on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Kilroy Realty in a report on Tuesday, January 30th. They issued a “hold” rating and a $40.00 target price on the stock. KeyCorp lowered their price objective on Kilroy Realty from $47.00 to $45.00 and set an “overweight” rating for the company in a research report on Wednesday, February 28th. Finally, Royal Bank of Canada cut Kilroy Realty from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $44.00 to $39.00 in a research note on Friday, March 8th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.00.

Kilroy Realty Trading Up 1.3 %

KRC opened at $33.10 on Friday. The firm has a market capitalization of $3.88 billion, a PE ratio of 18.39, a P/E/G ratio of 2.43 and a beta of 1.02. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.65 and a quick ratio of 2.65. Kilroy Realty Co. has a fifty-two week low of $25.99 and a fifty-two week high of $43.37. The company’s 50-day moving average is $35.28 and its 200 day moving average is $34.93.

Kilroy Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 29th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 6.53%. The ex-dividend date was Wednesday, March 27th. Kilroy Realty’s dividend payout ratio (DPR) is presently 120.00%.

Kilroy Realty Company 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.