Teacher Retirement System of Texas Invests $537,000 in Kilroy Realty Corporation (NYSE:KRC)

Teacher Retirement System of Texas bought a new stake in Kilroy Realty Corporation (NYSE:KRC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,390 shares of the real estate investment trust's stock, valued at approximately $537,000.

A number of other large investors also recently modified their holdings of KRC. Proficio Capital Partners LLC purchased a new stake in shares of Kilroy Realty during the fourth quarter valued at approximately $1,404,000. Swiss National Bank increased its position in shares of Kilroy Realty by 0.7% during the fourth quarter. Swiss National Bank now owns 219,311 shares of the real estate investment trust's stock valued at $8,871,000 after acquiring an additional 1,600 shares during the last quarter. Corient Private Wealth LLC increased its position in shares of Kilroy Realty by 5.8% during the fourth quarter. Corient Private Wealth LLC now owns 22,193 shares of the real estate investment trust's stock valued at $898,000 after acquiring an additional 1,217 shares during the last quarter. Cibc World Markets Corp increased its position in shares of Kilroy Realty by 10.4% during the fourth quarter. Cibc World Markets Corp now owns 30,817 shares of the real estate investment trust's stock valued at $1,247,000 after acquiring an additional 2,897 shares during the last quarter. Finally, Xponance Inc. increased its position in shares of Kilroy Realty by 5.8% during the fourth quarter. Xponance Inc. now owns 13,478 shares of the real estate investment trust's stock valued at $545,000 after acquiring an additional 735 shares during the last quarter. Institutional investors own 94.22% of the company's stock.

Kilroy Realty Price Performance

KRC stock traded up $0.11 during mid-day trading on Thursday, hitting $36.77. 1,107,563 shares of the stock were exchanged, compared to its average volume of 1,276,839. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.07 and a quick ratio of 2.07. The business has a fifty day moving average price of $34.07 and a 200 day moving average price of $34.42. Kilroy Realty Corporation has a 12 month low of $27.07 and a 12 month high of $43.78. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 21.88 and a beta of 1.19.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued 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 the consensus estimate of $274.90 million. During the same period last year, the firm earned $1.11 EPS. The company's revenue for the quarter was down 2.8% on a year-over-year basis. On average, sell-side analysts anticipate that Kilroy Realty Corporation will post 4 EPS for the current year.

Kilroy Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Monday, June 30th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.87%. The ex-dividend date was Monday, June 30th. Kilroy Realty's dividend payout ratio (DPR) is presently 128.57%.

Analyst Ratings Changes

A number of brokerages recently commented on KRC. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $36.00 price target (down from $42.00) on shares of Kilroy Realty in a research report on Friday, March 28th. Scotiabank reduced their price target on Kilroy Realty from $38.00 to $37.00 and set a "sector underperform" rating for the company in a research report on Monday. Mizuho reduced their price target on Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating for the company in a research report on Monday. KeyCorp reduced their price target on Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating for the company in a research report on Monday, March 31st. Finally, BMO Capital Markets cut Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 price target for the company. in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $37.73.

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.