Allianz Asset Management GmbH Acquires 153,395 Shares of Kilroy Realty Co. (NYSE:KRC)

Allianz Asset Management GmbH grew its stake in shares of Kilroy Realty Co. (NYSE:KRCGet Rating) by 32.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 620,854 shares of the real estate investment trust’s stock after purchasing an additional 153,395 shares during the quarter. Allianz Asset Management GmbH owned about 0.53% of Kilroy Realty worth $41,263,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. abrdn plc grew its position in shares of Kilroy Realty by 5.9% in the fourth quarter. abrdn plc now owns 25,108 shares of the real estate investment trust’s stock valued at $1,669,000 after purchasing an additional 1,388 shares during the last quarter. Covestor Ltd acquired a new position in Kilroy Realty in the 4th quarter valued at $89,000. Rhumbline Advisers increased its position in Kilroy Realty by 2.3% during the 4th quarter. Rhumbline Advisers now owns 342,300 shares of the real estate investment trust’s stock worth $22,749,000 after buying an additional 7,570 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Kilroy Realty by 5.0% during the fourth quarter. JPMorgan Chase & Co. now owns 2,338,265 shares of the real estate investment trust’s stock worth $155,402,000 after buying an additional 112,235 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Kilroy Realty in the fourth quarter valued at about $7,854,000. 97.95% of the stock is currently owned by institutional investors.

Shares of KRC stock opened at $58.12 on Friday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $6.78 billion, a PE ratio of 37.50, a price-to-earnings-growth ratio of 1.76 and a beta of 0.75. Kilroy Realty Co. has a 12 month low of $56.94 and a 12 month high of $79.06. The firm has a fifty day simple moving average of $71.29 and a two-hundred day simple moving average of $69.44.

Kilroy Realty (NYSE:KRCGet Rating) last posted its earnings results on Wednesday, April 27th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. The firm had revenue of $265.50 million for the quarter, compared to the consensus estimate of $257.03 million. Kilroy Realty had a net margin of 18.65% and a return on equity of 3.23%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.98 EPS. On average, equities analysts predict that Kilroy Realty Co. will post 4.47 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 13th. Shareholders of record on Thursday, June 30th will be paid a $0.52 dividend. The ex-dividend date is Wednesday, June 29th. This represents a $2.08 dividend on an annualized basis and a yield of 3.58%. Kilroy Realty’s payout ratio is 134.19%.

In related news, EVP John Osmond sold 1,000 shares of Kilroy Realty stock in a transaction dated Thursday, May 12th. The stock was sold at an average price of $60.08, for a total value of $60,080.00. Following the completion of the sale, the executive vice president now directly owns 11,749 shares in the company, valued at $705,879.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider A. Robert Paratte sold 3,425 shares of the company’s stock in a transaction dated Wednesday, March 9th. The stock was sold at an average price of $73.28, for a total transaction of $250,984.00. The disclosure for this sale can be found here. Corporate insiders own 1.95% of the company’s stock.

Several brokerages have weighed in on KRC. Bank of America raised Kilroy Realty from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $82.00 to $83.00 in a report on Friday, February 25th. Deutsche Bank Aktiengesellschaft increased their target price on Kilroy Realty from $74.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, April 14th. StockNews.com started coverage on Kilroy Realty in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Zacks Investment Research lowered shares of Kilroy Realty from a “buy” rating to a “hold” rating in a report on Wednesday, April 13th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Kilroy Realty presently has an average rating of “Buy” and an average target price of $80.38.

Kilroy Realty Company Profile (Get Rating)

Kilroy Realty Corporation (NYSE: KRC, the company, KRC) is a leading West Coast landlord and developer, with a major presence in San Diego, Greater Los Angeles, the San Francisco Bay Area, and the Pacific Northwest. The company has earned global recognition for sustainability, building operations, innovation and design.

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Institutional Ownership by Quarter for Kilroy Realty (NYSE:KRC)

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