US Bancorp DE increased its stake in Kilroy Realty Co. (NYSE:KRC – Free Report) by 114.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,511 shares of the real estate investment trust’s stock after acquiring an additional 5,071 shares during the quarter. US Bancorp DE’s holdings in Kilroy Realty were worth $308,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Russell Investments Group Ltd. increased its holdings in Kilroy Realty by 90.7% in the first quarter. Russell Investments Group Ltd. now owns 125,206 shares of the real estate investment trust’s stock worth $4,057,000 after purchasing an additional 59,555 shares in the last quarter. JLP Asset Management LLC bought a new stake in Kilroy Realty in the first quarter worth approximately $629,000. Federated Hermes Inc. increased its holdings in Kilroy Realty by 6,050.9% in the first quarter. Federated Hermes Inc. now owns 1,199,601 shares of the real estate investment trust’s stock worth $38,867,000 after purchasing an additional 1,180,098 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Kilroy Realty by 20.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 75,316 shares of the real estate investment trust’s stock worth $2,440,000 after purchasing an additional 12,876 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in Kilroy Realty by 13.0% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 60,400 shares of the real estate investment trust’s stock worth $1,957,000 after purchasing an additional 6,956 shares in the last quarter. 94.22% of the stock is owned by institutional investors and hedge funds.
Kilroy Realty Stock Performance
Shares of KRC stock opened at $35.62 on Tuesday. The firm has a 50-day moving average of $33.59 and a 200-day moving average of $31.96. The company has a market cap of $4.17 billion, a P/E ratio of 17.12, a P/E/G ratio of 6.85 and a beta of 0.92. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.21 and a quick ratio of 2.21. Kilroy Realty Co. has a one year low of $25.99 and a one year high of $51.76.
Wall Street Analyst Weigh In
KRC has been the subject of a number of research analyst reports. The Goldman Sachs Group lifted their target price on Kilroy Realty from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, August 8th. StockNews.com began coverage on Kilroy Realty in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Citigroup boosted their price target on shares of Kilroy Realty from $29.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, August 10th. Bank of America downgraded shares of Kilroy Realty from a “buy” rating to a “neutral” rating in a report on Tuesday, August 8th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Kilroy Realty from $47.00 to $38.00 in a report on Thursday, June 15th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Kilroy Realty has a consensus rating of “Hold” and an average target price of $42.67.
Kilroy Realty Company Profile
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, the Pacific Northwest and Austin, Texas. The company has earned global recognition for sustainability, building operations, innovation and design.
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