Principal Financial Group Inc. Has $178.90 Million Stake in Kilroy Realty Corporation $KRC

Principal Financial Group Inc. lowered its holdings in shares of Kilroy Realty Corporation (NYSE:KRC) by 3.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,234,367 shares of the real estate investment trust’s stock after selling 137,876 shares during the period. Principal Financial Group Inc. owned about 3.58% of Kilroy Realty worth $178,902,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quaker Wealth Management LLC increased its stake in Kilroy Realty by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 755 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 1,510 shares during the period. Harbor Asset Planning Inc. acquired a new stake in Kilroy Realty during the second quarter valued at approximately $34,000. Farther Finance Advisors LLC boosted its holdings in Kilroy Realty by 135.0% during the third quarter. Farther Finance Advisors LLC now owns 1,001 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 575 shares in the last quarter. True Wealth Design LLC grew its stake in shares of Kilroy Realty by 213.7% in the 3rd quarter. True Wealth Design LLC now owns 1,010 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 688 shares during the period. Finally, SJS Investment Consulting Inc. acquired a new position in shares of Kilroy Realty in the 3rd quarter worth approximately $47,000. 94.22% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $35.00 price target on shares of Kilroy Realty in a research report on Tuesday, January 6th. Evercore ISI reduced their target price on shares of Kilroy Realty from $47.00 to $46.00 and set an “in-line” rating on the stock in a research note on Friday, November 14th. Wells Fargo & Company increased their target price on shares of Kilroy Realty from $40.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th. New Street Research set a $45.00 price target on shares of Kilroy Realty in a research report on Monday, October 13th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Kilroy Realty in a research note on Wednesday, January 7th. One investment analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $40.92.

Kilroy Realty Trading Down 0.0%

KRC opened at $34.48 on Monday. Kilroy Realty Corporation has a 1-year low of $27.07 and a 1-year high of $45.03. The stock has a market capitalization of $4.08 billion, a PE ratio of 12.72 and a beta of 1.10. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 0.81. The firm has a 50-day moving average price of $38.85 and a two-hundred day moving average price of $40.06.

Kilroy Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Wednesday, December 31st were given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 6.3%. The ex-dividend date was Wednesday, December 31st. Kilroy Realty’s payout ratio is 79.70%.

Kilroy Realty Company 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.