Employees Retirement System of Texas Sells 26,000 Shares of Kilroy Realty Co. (NYSE:KRC)

Employees Retirement System of Texas decreased its stake in Kilroy Realty Co. (NYSE:KRC - Free Report) by 18.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,500 shares of the real estate investment trust's stock after selling 26,000 shares during the period. Employees Retirement System of Texas owned 0.10% of Kilroy Realty worth $4,712,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. GF Fund Management CO. LTD. acquired a new position in shares of Kilroy Realty in the fourth quarter valued at $82,000. Tidal Investments LLC grew its holdings in shares of Kilroy Realty by 51.1% during the 4th quarter. Tidal Investments LLC now owns 11,295 shares of the real estate investment trust's stock worth $457,000 after purchasing an additional 3,820 shares in the last quarter. Sapience Investments LLC grew its stake in Kilroy Realty by 20.0% during the fourth quarter. Sapience Investments LLC now owns 69,865 shares of the real estate investment trust's stock worth $2,826,000 after buying an additional 11,646 shares in the last quarter. Rush Island Management LP bought a new position in Kilroy Realty in the 4th quarter valued at about $109,502,000. Finally, Resolution Capital Ltd raised its position in Kilroy Realty by 12.6% during the fourth quarter. Resolution Capital Ltd now owns 4,487,655 shares of the real estate investment trust's stock valued at $181,526,000 after purchasing an additional 500,635 shares in the last quarter. Institutional investors and hedge funds own 94.22% of the company's stock.

Kilroy Realty Stock Performance

KRC traded down $0.67 during trading hours on Friday, hitting $32.22. The stock had a trading volume of 1,184,916 shares, compared to its average volume of 1,239,612. Kilroy Realty Co. has a 1 year low of $27.07 and a 1 year high of $43.78. The company's fifty day simple moving average is $31.71 and its 200 day simple moving average is $35.69. The stock has a market cap of $3.81 billion, a PE ratio of 18.20 and a beta of 1.16. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.82.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.02 EPS for the quarter, missing analysts' consensus estimates of $1.03 by ($0.01). The company had revenue of $270.84 million during the quarter, compared to the consensus estimate of $274.90 million. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. Kilroy Realty's revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.11 earnings per share. Equities analysts anticipate that Kilroy Realty Co. will post 4 earnings per share for the current year.

Kilroy Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Monday, June 30th will be given a $0.54 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.70%. Kilroy Realty's dividend payout ratio (DPR) is currently 128.57%.

Insider Buying and Selling at Kilroy Realty

In other Kilroy Realty news, EVP John Osmond sold 4,000 shares of Kilroy Realty stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $35.16, for a total transaction of $140,640.00. Following the completion of the sale, the executive vice president now owns 12,528 shares of the company's stock, valued at $440,484.48. The trade was a 24.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider A. Robert Paratte sold 6,000 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $34.74, for a total value of $208,440.00. Following the completion of the sale, the insider now directly owns 86,744 shares of the company's stock, valued at approximately $3,013,486.56. This represents a 6.47% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.57% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on KRC shares. Wells Fargo & Company cut their price objective on Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating on the stock in a report on Monday, May 19th. The Goldman Sachs Group reissued a "neutral" rating and set a $36.00 target price (down previously from $42.00) on shares of Kilroy Realty in a research note on Friday, March 28th. Royal Bank of Canada dropped their price target on Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating on the stock in a research note on Monday, March 10th. KeyCorp reduced their target price on Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating for the company in a research note on Monday, March 31st. Finally, Evercore ISI decreased their price target on shares of Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating for the company in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $39.10.

Kilroy Realty 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.