Land & Buildings Investment Management LLC acquired a new stake in Kilroy Realty Corp (NYSE:KRC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 245,900 shares of the real estate investment trust’s stock, valued at approximately $18,356,000. Kilroy Realty comprises approximately 3.8% of Land & Buildings Investment Management LLC’s investment portfolio, making the stock its 12th largest position. Land & Buildings Investment Management LLC owned approximately 0.25% of Kilroy Realty at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. MANA Advisors LLC bought a new stake in shares of Kilroy Realty in the 4th quarter valued at approximately $219,000. Vident Investment Advisory LLC bought a new stake in shares of Kilroy Realty in the 3rd quarter valued at approximately $235,000. Lourd Capital LLC bought a new stake in shares of Kilroy Realty in the 4th quarter valued at approximately $290,000. Kemper Corp Master Retirement Trust lifted its stake in shares of Kilroy Realty by 66.7% in the 3rd quarter. Kemper Corp Master Retirement Trust now owns 4,000 shares of the real estate investment trust’s stock valued at $284,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Ellington Management Group LLC bought a new stake in shares of Kilroy Realty in the 4th quarter valued at approximately $426,000. 97.80% of the stock is owned by institutional investors and hedge funds.
Shares of Kilroy Realty stock opened at $72.01 on Monday. Kilroy Realty Corp has a one year low of $62.91 and a one year high of $77.70. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $7,108.92, a P/E ratio of 47.69, a P/E/G ratio of 2.84 and a beta of 0.71.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 18th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date is Wednesday, March 28th. Kilroy Realty’s dividend payout ratio (DPR) is presently 112.58%.
Several research firms have recently issued reports on KRC. Citigroup raised Kilroy Realty from a “neutral” rating to a “buy” rating and set a $77.00 price objective for the company in a research note on Tuesday, February 27th. They noted that the move was a valuation call. Royal Bank of Canada reissued a “hold” rating and set a $75.00 price target on shares of Kilroy Realty in a research note on Friday, February 16th. Zacks Investment Research lowered Kilroy Realty from a “hold” rating to a “sell” rating in a research note on Thursday, February 15th. BMO Capital Markets set a $77.00 price target on Kilroy Realty and gave the stock a “buy” rating in a research note on Monday, February 12th. Finally, Robert W. Baird set a $75.00 price target on Kilroy Realty and gave the stock a “hold” rating in a research note on Monday, February 5th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $76.30.
About Kilroy Realty
Kilroy Realty Corporation is a real estate investment trust (REIT). The Company operates through the office properties segment. It operates in office and mixed-use submarkets along the West Coast. It owns, develops, acquires and manages real estate assets, consisting primarily of Class A properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and Greater Seattle.
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