Moss Adams Wealth Advisors LLC Sells 468 Shares of Kilroy Realty Co. (NYSE:KRC)

Moss Adams Wealth Advisors LLC trimmed its stake in shares of Kilroy Realty Co. (NYSE:KRC) by 5.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 8,552 shares of the real estate investment trust’s stock after selling 468 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in Kilroy Realty were worth $341,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of KRC. Robeco Institutional Asset Management B.V. grew its stake in Kilroy Realty by 11.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 147,000 shares of the real estate investment trust’s stock worth $4,647,000 after buying an additional 15,000 shares in the last quarter. Xponance Inc. increased its stake in Kilroy Realty by 4.2% in the third quarter. Xponance Inc. now owns 13,761 shares of the real estate investment trust’s stock valued at $435,000 after acquiring an additional 549 shares during the last quarter. Raymond James & Associates raised its position in Kilroy Realty by 15.2% during the third quarter. Raymond James & Associates now owns 23,382 shares of the real estate investment trust’s stock valued at $739,000 after purchasing an additional 3,093 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Kilroy Realty by 3.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 64,974 shares of the real estate investment trust’s stock worth $2,054,000 after purchasing an additional 2,067 shares during the last quarter. Finally, Inspire Advisors LLC acquired a new stake in shares of Kilroy Realty in the 3rd quarter valued at $272,000. 94.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on KRC. Royal Bank of Canada downgraded Kilroy Realty from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $44.00 to $39.00 in a research report on Friday, March 8th. Barclays started coverage on shares of Kilroy Realty in a research note on Wednesday, March 27th. They issued an “equal weight” rating and a $38.00 price target on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Kilroy Realty in a research report on Tuesday, January 30th. They set a “hold” rating and a $40.00 price objective for the company. Finally, KeyCorp decreased their target price on shares of Kilroy Realty from $47.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 28th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Kilroy Realty currently has an average rating of “Hold” and a consensus price target of $39.00.

Kilroy Realty Trading Down 1.5 %

Shares of KRC stock traded down $0.51 during trading hours on Wednesday, hitting $33.43. 777,485 shares of the company were exchanged, compared to its average volume of 1,087,229. The company has a 50 day simple moving average of $34.78 and a two-hundred day simple moving average of $35.30. The firm has a market cap of $3.92 billion, a P/E ratio of 19.21, a P/E/G ratio of 2.52 and a beta of 1.02. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.65 and a current ratio of 3.30. Kilroy Realty Co. has a fifty-two week low of $25.99 and a fifty-two week high of $43.37.

Kilroy Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 29th were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 6.46%. The ex-dividend date was Wednesday, March 27th. Kilroy Realty’s payout ratio is 124.14%.

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, Greater Seattle and Austin. The company has earned global recognition for sustainability, building operations, innovation and design.