Raymond James & Associates Cuts Stock Holdings in Kilroy Realty Co. (NYSE:KRC)

Raymond James & Associates lowered its stake in shares of Kilroy Realty Co. (NYSE:KRC) by 47.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,300 shares of the real estate investment trust’s stock after selling 11,082 shares during the quarter. Raymond James & Associates’ holdings in Kilroy Realty were worth $490,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of KRC. State of Alaska Department of Revenue grew its position in Kilroy Realty by 0.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 68,474 shares of the real estate investment trust’s stock worth $2,164,000 after purchasing an additional 338 shares in the last quarter. Oak Thistle LLC purchased a new stake in shares of Kilroy Realty during the third quarter valued at approximately $278,000. Ballentine Partners LLC purchased a new stake in shares of Kilroy Realty during the third quarter valued at approximately $217,000. Robeco Institutional Asset Management B.V. lifted its holdings in Kilroy Realty by 11.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 147,000 shares of the real estate investment trust’s stock worth $4,647,000 after acquiring an additional 15,000 shares during the period. Finally, Xponance Inc. boosted its position in Kilroy Realty by 4.2% in the third quarter. Xponance Inc. now owns 13,761 shares of the real estate investment trust’s stock worth $435,000 after purchasing an additional 549 shares during the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. KeyCorp lowered their target price on 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 downgraded shares of Kilroy Realty from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $44.00 to $39.00 in a report on Friday, March 8th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Kilroy Realty in a research note on Tuesday, January 30th. They issued a “hold” rating and a $40.00 target price on the stock. Finally, Barclays assumed coverage on shares of Kilroy Realty in a research note on Wednesday, March 27th. They set an “equal weight” rating and a $38.00 price target for the company. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Kilroy Realty presently has a consensus rating of “Hold” and a consensus price target of $39.00.

Kilroy Realty Stock Performance

NYSE KRC opened at $33.14 on Friday. The firm has a market cap of $3.89 billion, a P/E ratio of 18.41, a price-to-earnings-growth ratio of 2.51 and a beta of 1.02. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 0.87. The company’s 50 day moving average is $35.12 and its 200-day moving average is $35.06. Kilroy Realty Co. has a 12-month low of $25.99 and a 12-month high of $43.37.

Kilroy Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 29th were paid a dividend of $0.54 per share. The ex-dividend date was Wednesday, March 27th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.52%. Kilroy Realty’s payout ratio is 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.