International Assets Investment Management LLC Makes New Investment in Kilroy Realty Co. (NYSE:KRC)

International Assets Investment Management LLC bought a new stake in Kilroy Realty Co. (NYSE:KRC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,960 shares of the real estate investment trust’s stock, valued at approximately $397,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Global Retirement Partners LLC lifted its stake in Kilroy Realty by 458.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,006 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 826 shares in the last quarter. Covestor Ltd lifted its position in shares of Kilroy Realty by 23.8% in the third quarter. Covestor Ltd now owns 1,933 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 372 shares in the last quarter. Fifth Third Bancorp increased its position in Kilroy Realty by 28.1% in the 3rd quarter. Fifth Third Bancorp now owns 2,464 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 540 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Kilroy Realty by 15.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,800 shares of the real estate investment trust’s stock worth $89,000 after purchasing an additional 384 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Kilroy Realty by 36.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,888 shares of the real estate investment trust’s stock valued at $91,000 after buying an additional 772 shares during the last quarter. Institutional investors and hedge funds own 94.22% of the company’s stock.

Analyst Upgrades and Downgrades

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

Kilroy Realty Price Performance

Shares of KRC stock opened at $33.14 on Friday. Kilroy Realty Co. has a 12 month low of $25.99 and a 12 month high of $43.37. The company has a market capitalization of $3.89 billion, a P/E ratio of 18.41, a P/E/G ratio of 2.51 and a beta of 1.02. The stock has a 50 day moving average of $35.12 and a two-hundred day moving average of $35.06. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 0.87.

Kilroy Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders 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 yield of 6.52%. Kilroy Realty’s dividend payout ratio is currently 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.