Nan Fung Trinity HK Ltd. Buys Shares of 77,400 Kilroy Realty Corporation $KRC

Nan Fung Trinity HK Ltd. bought a new position in Kilroy Realty Corporation (NYSE:KRC) in the 3rd quarter, Holdings Channel.com reports. The fund bought 77,400 shares of the real estate investment trust’s stock, valued at approximately $3,270,000.

A number of other institutional investors have also made changes to their positions in the company. Sequoia Financial Advisors LLC acquired a new stake in Kilroy Realty during the 2nd quarter worth about $320,000. D.A. Davidson & CO. purchased a new stake in shares of Kilroy Realty in the second quarter worth approximately $269,000. Aaron Wealth Advisors LLC increased its stake in Kilroy Realty by 521.6% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 41,581 shares of the real estate investment trust’s stock valued at $1,757,000 after buying an additional 34,892 shares during the period. Federated Hermes Inc. increased its stake in shares of Kilroy Realty by 6.4% in the third quarter. Federated Hermes Inc. now owns 1,494,985 shares of the real estate investment trust’s stock worth $63,163,000 after acquiring an additional 89,307 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in Kilroy Realty by 0.9% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 181,434 shares of the real estate investment trust’s stock worth $6,225,000 after purchasing an additional 1,618 shares during the last quarter. 94.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

KRC has been the topic of several analyst reports. Jefferies Financial Group upgraded shares of Kilroy Realty from a “hold” rating to a “buy” rating and increased their price target for the stock from $33.00 to $45.00 in a research note on Monday, October 13th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $44.00 price objective (down from $46.00) on shares of Kilroy Realty in a report on Friday, October 17th. BMO Capital Markets restated a “market perform” rating on shares of Kilroy Realty in a report on Wednesday, January 7th. Scotiabank decreased their price target on Kilroy Realty from $47.00 to $42.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 14th. Finally, Evercore ISI lowered their price objective on Kilroy Realty from $47.00 to $46.00 and set an “in-line” rating on the stock in a report on Friday, November 14th. One investment analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $40.92.

Kilroy Realty Trading Down 0.0%

Shares of NYSE:KRC opened at $34.48 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.56 and a current ratio of 2.56. The stock’s 50-day moving average is $38.85 and its 200-day moving average is $40.01. The company has a market cap of $4.08 billion, a P/E ratio of 12.72 and a beta of 1.10. Kilroy Realty Corporation has a 52-week low of $27.07 and a 52-week high of $45.03.

Kilroy Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.54 per share. The ex-dividend date was Wednesday, December 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.3%. Kilroy Realty’s payout ratio is 79.70%.

Kilroy Realty Profile

Kilroy Realty Corporation (NYSE: KRC) is a publicly traded real estate investment trust focused on the development, acquisition and management of high?quality office and mixed?use properties along the U.S. West Coast. The company’s portfolio encompasses major urban markets including Los Angeles, San Diego, the San Francisco Bay Area and Seattle. Kilroy Realty targets properties in transit?oriented submarkets, blending workplace space with retail, residential and hospitality amenities to create vibrant, walkable neighborhoods.

Founded in the mid?20th century by members of the Kilroy family, the company evolved from a regional landlord into one of the leading West Coast office landlords.