Asset Management One Co. Ltd. Raises Stake in Kilroy Realty Co. (NYSE:KRC)

Posted by Defense World Staff on Apr 30th, 2023

Asset Management One Co. Ltd. grew its position in Kilroy Realty Co. (NYSE:KRC – Get Rating) by 6.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 167,428 shares of the real estate investment trust’s stock after purchasing an additional 9,515 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.14% of Kilroy Realty worth $6,496,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC boosted its position in shares of Kilroy Realty by 88.9% during the 4th quarter. SG Americas Securities LLC now owns 31,179 shares of the real estate investment trust’s stock worth $1,206,000 after acquiring an additional 14,670 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Kilroy Realty by 6.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 69,194 shares of the real estate investment trust’s stock valued at $2,676,000 after purchasing an additional 4,270 shares in the last quarter. ProShare Advisors LLC increased its stake in Kilroy Realty by 7.3% in the fourth quarter. ProShare Advisors LLC now owns 19,879 shares of the real estate investment trust’s stock valued at $769,000 after purchasing an additional 1,360 shares during the last quarter. Bank of Montreal Can raised its holdings in Kilroy Realty by 8.5% during the fourth quarter. Bank of Montreal Can now owns 14,819 shares of the real estate investment trust’s stock worth $612,000 after purchasing an additional 1,165 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its position in shares of Kilroy Realty by 5.4% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 131,441 shares of the real estate investment trust’s stock worth $5,083,000 after buying an additional 6,762 shares during the last quarter. Institutional investors and hedge funds own 89.86% of the company’s stock.

Kilroy Realty Price Performance

Shares of NYSE:KRC opened at $29.24 on Friday. Kilroy Realty Co. has a 52 week low of $27.03 and a 52 week high of $73.32. The company has a 50-day moving average price of $32.14 and a 200 day moving average price of $37.58. The company has a market cap of $3.42 billion, a P/E ratio of 14.55, a PEG ratio of 1.94 and a beta of 0.87. The company has a quick ratio of 2.09, a current ratio of 2.27 and a debt-to-equity ratio of 0.78.

Kilroy Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 12th. Investors of record on Friday, March 31st were paid a $0.54 dividend. The ex-dividend date was Thursday, March 30th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 7.39%. Kilroy Realty’s dividend payout ratio (DPR) is presently 107.46%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on KRC shares. Wells Fargo & Company cut their price target on shares of Kilroy Realty from $46.00 to $36.00 and set an “overweight” rating on the stock in a research note on Thursday, March 16th. StockNews.com assumed coverage on Kilroy Realty in a research note on Thursday, March 16th. They set a “hold” rating on the stock. The Goldman Sachs Group initiated coverage on Kilroy Realty in a research note on Tuesday, March 21st. They issued a “buy” rating and a $41.00 price objective for the company. JPMorgan Chase & Co. lowered their target price on shares of Kilroy Realty from $54.00 to $47.00 and set a “neutral” rating on the stock in a research report on Monday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Kilroy Realty from $46.00 to $41.00 in a research report on Wednesday, March 1st. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $48.38.

Kilroy Realty Profile

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Kilroy Realty Corp. operates as a self-administered real estate investment trust, which engages in the development, acquisition, and management of office and mixed-use real estate assets. It owns, develops, acquires and manages real estate assets, consisting primarily of Class A properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area, and Greater Seattle.