New York State Teachers Retirement System lessened its holdings in Kilroy Realty Corporation (NYSE:KRC - Free Report) by 6.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,760 shares of the real estate investment trust's stock after selling 8,300 shares during the period. New York State Teachers Retirement System owned about 0.10% of Kilroy Realty worth $3,989,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in Kilroy Realty during the 4th quarter worth approximately $366,356,000. Resolution Capital Ltd grew its position in shares of Kilroy Realty by 12.6% in 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. Price T Rowe Associates Inc. MD grew its position in shares of Kilroy Realty by 6.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,265,387 shares of the real estate investment trust's stock valued at $132,087,000 after purchasing an additional 193,291 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of Kilroy Realty by 29.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,003,920 shares of the real estate investment trust's stock valued at $121,509,000 after purchasing an additional 680,870 shares in the last quarter. Finally, Rush Island Management LP purchased a new stake in shares of Kilroy Realty in the fourth quarter valued at approximately $109,502,000. Hedge funds and other institutional investors own 94.22% of the company's stock.
Analyst Upgrades and Downgrades
KRC has been the topic of a number of recent analyst reports. Wells Fargo & Company decreased 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. Jefferies Financial Group initiated coverage on Kilroy Realty in a report on Monday, March 17th. They issued a "hold" rating and a $34.00 price objective on the stock. The Goldman Sachs Group reiterated a "neutral" rating and issued a $36.00 price objective (down from $42.00) on shares of Kilroy Realty in a report on Friday, March 28th. KeyCorp decreased their price target on Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating on the stock in a research note on Monday, March 31st. Finally, JPMorgan Chase & Co. decreased their price target on Kilroy Realty from $42.00 to $40.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $38.90.
Check Out Our Latest Stock Analysis on KRC
Kilroy Realty Stock Performance
Shares of KRC stock traded up $1.01 during mid-day trading on Thursday, hitting $36.47. 1,387,611 shares of the stock were exchanged, compared to its average volume of 1,263,385. The stock's fifty day simple moving average is $33.54 and its two-hundred day simple moving average is $34.58. The stock has a market capitalization of $4.31 billion, a price-to-earnings ratio of 21.71 and a beta of 1.19. Kilroy Realty Corporation has a 12-month low of $27.07 and a 12-month high of $43.78. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.07 and a current ratio of 2.07.
Kilroy Realty (NYSE:KRC - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.01). The firm had revenue of $270.84 million for the quarter, compared to analysts' expectations of $274.90 million. Kilroy Realty had a return on equity of 3.57% and a net margin of 17.74%. The business's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.11 EPS. On average, analysts forecast that Kilroy Realty Corporation will post 4 EPS for the current year.
Kilroy Realty Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Monday, June 30th were paid a dividend of $0.54 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $2.16 annualized dividend and a dividend yield of 5.92%. Kilroy Realty's dividend payout ratio (DPR) is 128.57%.
Kilroy Realty Company Profile
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Free Report)
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.
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