Corebridge Financial Inc. Has $4.87 Million Stock Position in Kilroy Realty Co. (NYSE:KRC)

Corebridge Financial Inc. lessened its stake in Kilroy Realty Co. (NYSE:KRC) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 120,289 shares of the real estate investment trust’s stock after selling 4,726 shares during the quarter. Corebridge Financial Inc. owned approximately 0.10% of Kilroy Realty worth $4,866,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC lifted its stake in Kilroy Realty by 2.2% in the third quarter. FMR LLC now owns 15,201 shares of the real estate investment trust’s stock valued at $588,000 after acquiring an additional 329 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Kilroy Realty by 6.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 111,262 shares of the real estate investment trust’s stock valued at $4,306,000 after purchasing an additional 7,129 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Kilroy Realty by 7.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 92,756 shares of the real estate investment trust’s stock worth $3,590,000 after purchasing an additional 6,565 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Kilroy Realty by 428.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 850,975 shares of the real estate investment trust’s stock worth $32,933,000 after buying an additional 689,962 shares during the last quarter. Finally, Walleye Capital LLC acquired a new position in Kilroy Realty during the third quarter worth approximately $317,000. 94.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on KRC. Barclays raised Kilroy Realty from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $42.00 to $44.00 in a report on Thursday, February 27th. Mizuho reiterated a “neutral” rating and issued a $43.00 price objective (down from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. Wells Fargo & Company cut shares of Kilroy Realty from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $43.00 to $35.00 in a research note on Monday, March 10th. Evercore ISI decreased their price target on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating on the stock in a research note on Wednesday, February 12th. Finally, Royal Bank of Canada cut their price objective on shares of Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating for the company in a research report on Monday, March 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $39.55.

Kilroy Realty Trading Down 2.8 %

Shares of KRC stock opened at $33.26 on Friday. The stock has a market cap of $3.93 billion, a P/E ratio of 18.79 and a beta of 1.02. Kilroy Realty Co. has a 1 year low of $30.71 and a 1 year high of $43.78. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82. The stock has a 50 day simple moving average of $35.43 and a 200 day simple moving average of $38.28.

Kilroy Realty (NYSE:KRC) last released its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. On average, research analysts predict that Kilroy Realty Co. will post 4 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 6.50%. The ex-dividend date is Monday, March 31st. Kilroy Realty’s payout ratio is presently 122.03%.

Insider Transactions at Kilroy Realty

In other Kilroy Realty news, insider A. Robert Paratte sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $34.74, for a total transaction of $208,440.00. Following the completion of the transaction, the insider now directly owns 86,744 shares in the company, valued at $3,013,486.56. The trade was a 6.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John Osmond sold 4,000 shares of the firm’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $35.16, for a total value of $140,640.00. Following the completion of the sale, the executive vice president now directly owns 12,528 shares in the company, valued at approximately $440,484.48. This represents a 24.20 % decrease in their position. The disclosure for this sale can be found here. 2.49% of the stock is currently owned by insiders.

Kilroy Realty 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.