Wellington Management Group LLP Makes New Investment in Kilroy Realty Co. (NYSE:KRC)

Wellington Management Group LLP acquired a new position in shares of Kilroy Realty Co. (NYSE:KRCFree Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 793,817 shares of the real estate investment trust’s stock, valued at approximately $25,093,000. Wellington Management Group LLP owned 0.68% of Kilroy Realty at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Captrust Financial Advisors acquired a new position in Kilroy Realty during the 2nd quarter valued at approximately $59,000. First Manhattan Co. acquired a new stake in Kilroy Realty during the first quarter valued at approximately $105,000. Lazard Asset Management LLC acquired a new stake in shares of Kilroy Realty during the fourth quarter valued at approximately $53,000. Covestor Ltd raised its holdings in shares of Kilroy Realty by 74.2% during the second quarter. Covestor Ltd now owns 1,561 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 665 shares during the period. Finally, Fifth Third Bancorp raised its holdings in shares of Kilroy Realty by 28.1% during the third quarter. Fifth Third Bancorp now owns 2,464 shares of the real estate investment trust’s stock valued at $78,000 after acquiring an additional 540 shares during the period. Institutional investors and hedge funds own 94.22% of the company’s stock.

Kilroy Realty Stock Performance

Shares of Kilroy Realty stock opened at $37.50 on Friday. The company’s 50 day moving average price is $36.50 and its two-hundred day moving average price is $34.94. The firm has a market capitalization of $4.40 billion, a P/E ratio of 20.83, a P/E/G ratio of 2.61 and a beta of 1.02. Kilroy Realty Co. has a fifty-two week low of $25.99 and a fifty-two week high of $43.37. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.65 and a quick ratio of 2.65.

Kilroy Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Friday, March 29th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 5.76%. The ex-dividend date is Wednesday, March 27th. Kilroy Realty’s dividend payout ratio is presently 120.00%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on KRC shares. Royal Bank of Canada lowered shares of Kilroy Realty from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $44.00 to $39.00 in a research report on Friday, March 8th. Deutsche Bank Aktiengesellschaft started coverage on Kilroy Realty in a report on Tuesday, January 30th. They issued a “hold” rating and a $40.00 target price on the stock. KeyCorp dropped their price objective on shares of Kilroy Realty from $47.00 to $45.00 and set an “overweight” rating for the company in a research report on Wednesday, February 28th. Finally, Wolfe Research downgraded shares of Kilroy Realty from an “outperform” rating to a “peer perform” rating in a report on Friday, December 15th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $39.10.

Read Our Latest Stock Analysis on Kilroy Realty

Kilroy Realty Profile

(Free Report)

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.

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

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