Principal Financial Group Inc. Has $179.73 Million Stock Holdings in Kilroy Realty Co. (NYSE:KRC)

Principal Financial Group Inc. lowered its holdings in shares of Kilroy Realty Co. (NYSE:KRC) by 4.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,644,147 shares of the real estate investment trust’s stock after selling 220,032 shares during the period. Principal Financial Group Inc. owned approximately 3.96% of Kilroy Realty worth $179,728,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Wiser Advisor Group LLC grew its position in shares of Kilroy Realty by 67.5% during the 1st quarter. Wiser Advisor Group LLC now owns 757 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 305 shares during the period. GAMMA Investing LLC boosted its stake in Kilroy Realty by 33.6% during the third quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 371 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in Kilroy Realty by 6.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 6,765 shares of the real estate investment trust’s stock worth $210,000 after purchasing an additional 383 shares during the period. Ballentine Partners LLC increased its stake in Kilroy Realty by 3.2% in the second quarter. Ballentine Partners LLC now owns 17,339 shares of the real estate investment trust’s stock valued at $540,000 after purchasing an additional 530 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Kilroy Realty by 126.5% during the third quarter. UMB Bank n.a. now owns 967 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 540 shares during the period. 94.22% of the stock is currently owned by institutional investors.

Insider Transactions at Kilroy Realty

In related news, CAO Merryl Elizabeth Werber sold 3,000 shares of Kilroy Realty stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total transaction of $117,420.00. Following the sale, the chief accounting officer now directly owns 26,401 shares in the company, valued at approximately $1,033,335.14. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CAO Merryl Elizabeth Werber sold 3,000 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $39.14, for a total transaction of $117,420.00. Following the completion of the transaction, the chief accounting officer now owns 26,401 shares in the company, valued at approximately $1,033,335.14. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John Osmond sold 2,628 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total transaction of $105,120.00. Following the sale, the executive vice president now owns 8,818 shares of the company’s stock, valued at $352,720. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.49% of the company’s stock.

Kilroy Realty Stock Up 1.4 %

Shares of NYSE:KRC opened at $41.00 on Friday. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of 24.55 and a beta of 1.03. The business’s 50 day moving average is $38.83 and its 200 day moving average is $35.42. Kilroy Realty Co. has a 12-month low of $27.39 and a 12-month high of $43.78. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.89.

Kilroy Realty (NYSE:KRC) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.60). Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. The firm had revenue of $289.94 million during the quarter, compared to the consensus estimate of $275.77 million. During the same quarter in the previous year, the company earned $1.12 EPS. The business’s revenue was up 2.2% compared to the same quarter last year. On average, sell-side analysts forecast that Kilroy Realty Co. will post 4.41 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th were paid a $0.54 dividend. The ex-dividend date was Monday, September 30th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.27%. Kilroy Realty’s payout ratio is presently 129.34%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on KRC shares. Evercore ISI boosted their target price on Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Scotiabank decreased their price objective on Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. Barclays upped their target price on Kilroy Realty from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Finally, Wells Fargo & Company reduced their price target on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a research report on Wednesday, September 11th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Kilroy Realty currently has a consensus rating of “Hold” and an average price target of $39.43.

About Kilroy Realty

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.