Pictet Asset Management SA Grows Stock Position in Kilroy Realty Co. (NYSE:KRC)

Pictet Asset Management SA grew its holdings in shares of Kilroy Realty Co. (NYSE:KRCGet Rating) by 5.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,225 shares of the real estate investment trust’s stock after purchasing an additional 2,217 shares during the quarter. Pictet Asset Management SA’s holdings in Kilroy Realty were worth $2,419,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Kilroy Realty by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 16,143,034 shares of the real estate investment trust’s stock worth $1,233,652,000 after acquiring an additional 75,015 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Kilroy Realty by 2.9% in the 1st quarter. Principal Financial Group Inc. now owns 6,678,743 shares of the real estate investment trust’s stock worth $510,389,000 after purchasing an additional 189,282 shares during the period. State Street Corp boosted its stake in Kilroy Realty by 15.1% in the 1st quarter. State Street Corp now owns 6,174,949 shares of the real estate investment trust’s stock worth $475,035,000 after purchasing an additional 811,897 shares during the period. JPMorgan Chase & Co. boosted its stake in Kilroy Realty by 112.8% in the 1st quarter. JPMorgan Chase & Co. now owns 4,975,750 shares of the real estate investment trust’s stock worth $380,246,000 after purchasing an additional 2,637,485 shares during the period. Finally, Centersquare Investment Management LLC boosted its stake in Kilroy Realty by 14.0% in the 1st quarter. Centersquare Investment Management LLC now owns 3,247,850 shares of the real estate investment trust’s stock worth $248,201,000 after purchasing an additional 399,435 shares during the period. Hedge funds and other institutional investors own 90.12% of the company’s stock.

Kilroy Realty Stock Down 0.3 %

Shares of KRC opened at $40.98 on Tuesday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.72. The business has a fifty day moving average of $42.99 and a 200 day moving average of $50.19. Kilroy Realty Co. has a 52-week low of $38.91 and a 52-week high of $79.06. The company has a market cap of $4.79 billion, a PE ratio of 21.23, a P/E/G ratio of 1.64 and a beta of 0.82.

Kilroy Realty Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 12th. Shareholders of record on Friday, September 30th were paid a $0.54 dividend. This is a positive change from Kilroy Realty’s previous quarterly dividend of $0.52. The ex-dividend date was Thursday, September 29th. This represents a $2.16 dividend on an annualized basis and a yield of 5.27%. Kilroy Realty’s dividend payout ratio (DPR) is presently 111.92%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KRC. Citigroup downgraded Kilroy Realty from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $60.00 to $50.00 in a research note on Monday, September 19th. Mizuho dropped their price target on Kilroy Realty from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday, October 19th. Deutsche Bank Aktiengesellschaft lowered their target price on Kilroy Realty from $60.00 to $47.00 and set a “hold” rating for the company in a research report on Thursday, October 13th. Wells Fargo & Company lowered their target price on Kilroy Realty from $57.00 to $48.00 and set an “overweight” rating for the company in a research report on Tuesday, October 18th. Finally, Credit Suisse Group lowered their target price on Kilroy Realty to $38.00 in a research report on Thursday, October 20th. One equities 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $59.08.

Kilroy Realty 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.

Further Reading

Institutional Ownership by Quarter for Kilroy Realty (NYSE:KRC)

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