New York State Teachers Retirement System Cuts Stake in Kilroy Realty Corporation (NYSE:KRC)

New York State Teachers Retirement System cut its position in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) by 6.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 approximately 0.10% of Kilroy Realty worth $3,989,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Summit Securities Group LLC purchased a new position in Kilroy Realty during the fourth quarter worth about $49,000. GF Fund Management CO. LTD. purchased a new position in Kilroy Realty during the fourth quarter worth about $82,000. FIL Ltd raised its stake in shares of Kilroy Realty by 52.4% in the 4th quarter. FIL Ltd now owns 3,442 shares of the real estate investment trust's stock valued at $139,000 after acquiring an additional 1,184 shares during the period. Fifth Third Bancorp raised its stake in shares of Kilroy Realty by 70.4% in the 1st quarter. Fifth Third Bancorp now owns 4,298 shares of the real estate investment trust's stock valued at $141,000 after acquiring an additional 1,775 shares during the period. Finally, ProShare Advisors LLC purchased a new stake in shares of Kilroy Realty in the 4th quarter valued at approximately $201,000. 94.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KRC has been the topic of a number of research analyst reports. The Goldman Sachs Group reissued a "neutral" rating and issued a $36.00 price target (down from $42.00) on shares of Kilroy Realty in a research note on Friday, March 28th. KeyCorp reduced their price target on shares of Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating on the stock in a research note on Monday, March 31st. Wells Fargo & Company dropped their price objective on shares of Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. Jefferies Financial Group initiated coverage on shares of Kilroy Realty in a report on Monday, March 17th. They issued a "hold" rating and a $34.00 price objective for the company. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Kilroy Realty from $42.00 to $40.00 and set an "overweight" rating for the company in a report on Wednesday, July 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $38.90.

Kilroy Realty Price Performance

NYSE KRC traded up $0.16 during trading hours on Tuesday, reaching $34.71. The company's stock had a trading volume of 84,469 shares, compared to its average volume of 1,251,822. The stock has a market cap of $4.11 billion, a PE ratio of 20.59 and a beta of 1.19. Kilroy Realty Corporation has a fifty-two week low of $27.07 and a fifty-two week high of $43.78. The company's 50-day moving average is $33.39 and its two-hundred day moving average is $34.57. 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 released its quarterly earnings results 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). Kilroy Realty had a return on equity of 3.57% and a net margin of 17.74%. The firm had revenue of $270.84 million for the quarter, compared to analyst estimates of $274.90 million. During the same period in the prior year, the business earned $1.11 earnings per share. Kilroy Realty's revenue for the quarter was down 2.8% on a year-over-year basis. Analysts forecast that Kilroy Realty Corporation will post 4 EPS for the current year.

Kilroy Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.54 per share. The ex-dividend date is Monday, June 30th. This represents a $2.16 annualized dividend and a dividend yield of 6.22%. Kilroy Realty's dividend payout ratio is currently 128.57%.

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.