Los Angeles Capital Management LLC Purchases New Position in Kilroy Realty Co. (NYSE:KRC)

Los Angeles Capital Management LLC acquired a new position in shares of Kilroy Realty Co. (NYSE:KRC) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 34,026 shares of the real estate investment trust’s stock, valued at approximately $1,356,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in KRC. Global Retirement Partners LLC boosted its stake in Kilroy Realty by 458.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,006 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 826 shares during the period. GAMMA Investing LLC purchased a new position in shares of Kilroy Realty during the fourth quarter worth about $41,000. Covestor Ltd raised its stake in Kilroy Realty by 23.8% during the 3rd quarter. Covestor Ltd now owns 1,933 shares of the real estate investment trust’s stock valued at $61,000 after acquiring an additional 372 shares during the last quarter. Fifth Third Bancorp lifted its position in Kilroy Realty by 28.1% during the 3rd quarter. Fifth Third Bancorp now owns 2,464 shares of the real estate investment trust’s stock worth $78,000 after acquiring an additional 540 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Kilroy Realty by 15.9% in the 3rd 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 last quarter. Institutional investors and hedge funds own 94.22% of the company’s stock.

Kilroy Realty Stock Performance

Shares of KRC stock opened at $33.43 on Thursday. The stock has a market cap of $3.92 billion, a PE ratio of 19.21, a P/E/G ratio of 2.52 and a beta of 1.02. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.65 and a current ratio of 3.30. Kilroy Realty Co. has a 1 year low of $25.99 and a 1 year high of $43.37. The stock has a fifty day moving average price of $34.78 and a 200 day moving average price of $35.30.

Kilroy Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 29th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 6.46%. The ex-dividend date was Wednesday, March 27th. Kilroy Realty’s payout ratio is currently 124.14%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on KRC shares. Barclays started coverage on Kilroy Realty in a report on Wednesday, March 27th. They set an “equal weight” rating and a $38.00 price target for the company. KeyCorp dropped their price target on shares of Kilroy Realty from $47.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 28th. Royal Bank of Canada lowered Kilroy Realty from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $44.00 to $39.00 in a report on Friday, March 8th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Kilroy Realty in a research note on Tuesday, January 30th. They set a “hold” rating and a $40.00 target price for the company. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $39.00.

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.