Nan Fung Trinity HK Ltd. Makes New Investment in Kilroy Realty Corporation $KRC

Nan Fung Trinity HK Ltd. purchased a new stake in shares of Kilroy Realty Corporation (NYSE:KRC) in the third quarter, according to its most recent filing with the SEC. The firm purchased 77,400 shares of the real estate investment trust’s stock, valued at approximately $3,270,000. Nan Fung Trinity HK Ltd. owned 0.07% of Kilroy Realty at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. AlphaQuest LLC increased its stake in Kilroy Realty by 1,483.9% in the 3rd quarter. AlphaQuest LLC now owns 86,733 shares of the real estate investment trust’s stock valued at $3,664,000 after purchasing an additional 81,257 shares in the last quarter. Arizona State Retirement System grew its holdings in Kilroy Realty by 1.4% in the third quarter. Arizona State Retirement System now owns 33,251 shares of the real estate investment trust’s stock valued at $1,405,000 after purchasing an additional 462 shares during the last quarter. Knights of Columbus Asset Advisors LLC purchased a new position in shares of Kilroy Realty in the third quarter valued at $5,407,000. New York State Common Retirement Fund raised its stake in shares of Kilroy Realty by 5.1% during the 3rd quarter. New York State Common Retirement Fund now owns 99,192 shares of the real estate investment trust’s stock worth $4,191,000 after buying an additional 4,800 shares during the last quarter. Finally, Ballentine Partners LLC boosted its position in shares of Kilroy Realty by 2.6% in the 3rd quarter. Ballentine Partners LLC now owns 17,781 shares of the real estate investment trust’s stock worth $751,000 after buying an additional 448 shares in the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Kilroy Realty Stock 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. Kilroy Realty Corporation has a 1 year low of $27.07 and a 1 year high of $45.03. The stock has a 50-day simple moving average of $38.85 and a 200-day simple moving average of $40.01. The stock has a market capitalization of $4.08 billion, a P/E ratio of 12.72 and a beta of 1.10.

Kilroy Realty Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on KRC. Evercore ISI lowered their price target on shares of Kilroy Realty from $47.00 to $46.00 and set an “in-line” rating on the stock in a research report on Friday, November 14th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kilroy Realty in a report on Monday, December 29th. Scotiabank dropped their price target on Kilroy Realty from $47.00 to $42.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 14th. Barclays set a $39.00 price target on Kilroy Realty in a report on Tuesday, January 13th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Kilroy Realty in a research note on Thursday, December 4th. One equities research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $40.92.

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.