Kilroy Realty Co. (NYSE:KRC) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its stake in shares of Kilroy Realty Co. (NYSE:KRCGet Rating) by 3.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,736 shares of the real estate investment trust’s stock after acquiring an additional 1,046 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Kilroy Realty were worth $1,608,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Profund Advisors LLC increased its holdings in Kilroy Realty by 2.3% in the 1st quarter. Profund Advisors LLC now owns 8,014 shares of the real estate investment trust’s stock worth $612,000 after buying an additional 179 shares during the period. Dupont Capital Management Corp increased its holdings in Kilroy Realty by 1.2% in the 2nd quarter. Dupont Capital Management Corp now owns 18,982 shares of the real estate investment trust’s stock worth $993,000 after buying an additional 227 shares during the period. Signaturefd LLC increased its holdings in Kilroy Realty by 42.5% in the 1st quarter. Signaturefd LLC now owns 808 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 241 shares during the period. Truist Financial Corp increased its holdings in Kilroy Realty by 3.8% in the 1st quarter. Truist Financial Corp now owns 7,340 shares of the real estate investment trust’s stock worth $562,000 after buying an additional 266 shares during the period. Finally, Ameritas Investment Partners Inc. increased its holdings in Kilroy Realty by 1.1% in the 1st quarter. Ameritas Investment Partners Inc. now owns 28,061 shares of the real estate investment trust’s stock worth $2,144,000 after buying an additional 298 shares during the period. Institutional investors and hedge funds own 90.12% of the company’s stock.

Kilroy Realty Trading Up 1.4 %

Shares of KRC stock opened at $41.12 on Monday. The stock’s fifty day moving average is $43.19 and its two-hundred day moving average is $50.37. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.70 and a current ratio of 1.70. The firm has a market capitalization of $4.81 billion, a P/E ratio of 21.31, a PEG ratio of 1.64 and a beta of 0.82. Kilroy Realty Co. has a fifty-two week low of $38.91 and a fifty-two week high of $79.06.

Kilroy Realty Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 12th. Shareholders of record on Friday, September 30th were issued a $0.54 dividend. The ex-dividend date of this dividend was Thursday, September 29th. This represents a $2.16 dividend on an annualized basis and a yield of 5.25%. This is a positive change from Kilroy Realty’s previous quarterly dividend of $0.52. Kilroy Realty’s dividend payout ratio (DPR) is presently 111.92%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wells Fargo & Company cut their price target on shares of Kilroy Realty from $57.00 to $48.00 and set an “overweight” rating on the stock in a report on Tuesday, October 18th. Robert W. Baird cut shares of Kilroy Realty from an “outperform” rating to a “neutral” rating and set a $49.00 price objective on the stock. in a research note on Monday, October 10th. Citigroup cut shares of Kilroy Realty from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $60.00 to $50.00 in a research note on Monday, September 19th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Kilroy Realty from $60.00 to $47.00 and set a “hold” rating on the stock in a research note on Thursday, October 13th. Finally, Evercore ISI dropped their price objective on shares of Kilroy Realty from $61.00 to $59.00 and set an “in-line” rating on the stock in a research note on Tuesday, September 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $59.08.

Kilroy Realty Company Profile

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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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