Louisiana State Employees Retirement System Acquires Shares of 30,000 Kilroy Realty Co. (NYSE:KRC)

Louisiana State Employees Retirement System purchased a new stake in Kilroy Realty Co. (NYSE:KRC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 30,000 shares of the real estate investment trust's stock, valued at approximately $1,195,000.

A number of other institutional investors have also made changes to their positions in KRC. JLP Asset Management LLC increased its position in Kilroy Realty by 23.7% in the fourth quarter. JLP Asset Management LLC now owns 24,000 shares of the real estate investment trust's stock worth $956,000 after purchasing an additional 4,600 shares during the period. Hanson & Doremus Investment Management increased its position in Kilroy Realty by 33.6% in the fourth quarter. Hanson & Doremus Investment Management now owns 56,377 shares of the real estate investment trust's stock worth $2,246,000 after purchasing an additional 14,176 shares during the period. International Assets Investment Management LLC acquired a new stake in Kilroy Realty in the fourth quarter worth about $397,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Kilroy Realty in the fourth quarter worth about $1,560,000. Finally, DekaBank Deutsche Girozentrale increased its position in Kilroy Realty by 3.0% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 43,671 shares of the real estate investment trust's stock worth $1,756,000 after purchasing an additional 1,267 shares during the period. 94.22% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on KRC shares. Deutsche Bank Aktiengesellschaft started coverage on Kilroy Realty in a research report on Tuesday, January 30th. They issued a "hold" rating and a $40.00 price objective for the company. Barclays began coverage on Kilroy Realty in a research report on Wednesday, March 27th. They set an "equal weight" rating and a $38.00 target price for the company. Royal Bank of Canada lowered Kilroy Realty from an "outperform" rating to a "sector perform" rating and decreased their target price for the stock from $44.00 to $39.00 in a research report on Friday, March 8th. Finally, KeyCorp decreased their target price on Kilroy Realty from $47.00 to $45.00 and set an "overweight" rating for the company in a research report on Wednesday, February 28th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $39.00.

Kilroy Realty Stock Up 0.9 %

Shares of KRC traded up $0.31 on Tuesday, hitting $33.74. The company's stock had a trading volume of 589,168 shares, compared to its average volume of 1,102,910. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 0.87. The firm's fifty day moving average price is $35.23 and its 200-day moving average price is $35.03. Kilroy Realty Co. has a fifty-two week low of $25.99 and a fifty-two week high of $43.37. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 19.05, a P/E/G ratio of 2.46 and a beta of 1.02.

Kilroy Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 29th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 6.40%. The ex-dividend date of this dividend was Wednesday, March 27th. Kilroy Realty's payout ratio is 120.00%.

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.