Zurcher Kantonalbank Zurich Cantonalbank Raises Stock Holdings in Kilroy Realty Co. (NYSE:KRC)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Kilroy Realty Co. (NYSE:KRC) by 25.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 116,506 shares of the real estate investment trust’s stock after purchasing an additional 23,750 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Kilroy Realty were worth $4,713,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of KRC. Vestcor Inc grew its stake in Kilroy Realty by 289.0% in the 3rd quarter. Vestcor Inc now owns 34,313 shares of the real estate investment trust’s stock worth $1,328,000 after buying an additional 25,492 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Kilroy Realty by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,171,717 shares of the real estate investment trust’s stock worth $84,045,000 after acquiring an additional 27,660 shares in the last quarter. GAMMA Investing LLC increased its stake in Kilroy Realty by 25.4% in the fourth quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust’s stock valued at $75,000 after acquiring an additional 374 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Kilroy Realty by 428.5% in 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 valued at $32,933,000 after acquiring an additional 689,962 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in Kilroy Realty by 6.8% during the third 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 in the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Angela M. Aman purchased 2,797 shares of Kilroy Realty stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average price of $35.45 per share, for a total transaction of $99,153.65. Following the completion of the transaction, the chief executive officer now directly owns 2,797 shares of the company’s stock, valued at $99,153.65. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.49% of the company’s stock.

Kilroy Realty Stock Up 3.5 %

NYSE KRC opened at $33.15 on Friday. Kilroy Realty Co. has a 1 year low of $30.71 and a 1 year high of $43.78. The stock has a market capitalization of $3.92 billion, a PE ratio of 18.73 and a beta of 1.02. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.21 and a quick ratio of 2.21. The business’s 50-day moving average is $36.06 and its 200 day moving average is $38.34.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. Sell-side analysts forecast that Kilroy Realty Co. will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 6.52%. The ex-dividend date of this dividend is Monday, March 31st. Kilroy Realty’s payout ratio is currently 122.03%.

Analyst Ratings Changes

Several equities analysts have recently commented on KRC shares. Jefferies Financial Group lowered Kilroy Realty from a “buy” rating to a “hold” rating and reduced their price objective for the company from $45.00 to $41.00 in a research report on Thursday, January 2nd. Mizuho reiterated a “neutral” rating and set a $43.00 price target (down from $45.00) on shares of Kilroy Realty in a research report on Tuesday, January 7th. JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $45.00 to $49.00 in a report on Friday, December 20th. Evercore ISI reduced their target price on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating on the stock in a report on Wednesday, February 12th. Finally, Barclays raised shares of Kilroy Realty from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $42.00 to $44.00 in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $40.73.

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.