California Public Employees Retirement System Sells 20,380 Shares of Kilroy Realty Co. (NYSE:KRC)

California Public Employees Retirement System trimmed its stake in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 9.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 204,054 shares of the real estate investment trust's stock after selling 20,380 shares during the quarter. California Public Employees Retirement System owned approximately 0.17% of Kilroy Realty worth $8,254,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. State of Alaska Department of Revenue raised its position in Kilroy Realty by 0.4% in the fourth quarter. State of Alaska Department of Revenue now owns 68,456 shares of the real estate investment trust's stock valued at $2,768,000 after purchasing an additional 276 shares during the last quarter. Choreo LLC raised its holdings in Kilroy Realty by 3.2% in the 4th quarter. Choreo LLC now owns 8,852 shares of the real estate investment trust's stock valued at $358,000 after buying an additional 278 shares during the last quarter. M&T Bank Corp increased its position in Kilroy Realty by 1.3% in the 4th quarter. M&T Bank Corp now owns 22,889 shares of the real estate investment trust's stock valued at $926,000 after acquiring an additional 293 shares during the period. US Bancorp DE lifted its holdings in shares of Kilroy Realty by 3.4% during the fourth quarter. US Bancorp DE now owns 9,680 shares of the real estate investment trust's stock worth $392,000 after purchasing an additional 317 shares during the period. Finally, FMR LLC grew its stake in shares of Kilroy Realty by 2.2% in the third quarter. FMR LLC now owns 15,201 shares of the real estate investment trust's stock worth $588,000 after purchasing an additional 329 shares during the last quarter. Institutional investors own 94.22% of the company's stock.

Insiders Place Their Bets

In other news, CEO Angela M. Aman acquired 2,797 shares of the business's stock in a transaction on Friday, February 28th. The shares were purchased at an average cost of $35.45 per share, with a total value of $99,153.65. Following the acquisition, the chief executive officer now directly owns 2,797 shares of the company's stock, valued at $99,153.65. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John Osmond sold 4,000 shares of the stock in a transaction dated Tuesday, March 25th. The shares were 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 approximately $440,484.48. This represents a 24.20 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.49% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KRC. Wells Fargo & Company downgraded Kilroy Realty from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $43.00 to $35.00 in a research report on Monday, March 10th. Jefferies Financial Group assumed coverage on shares of Kilroy Realty in a report on Monday, March 17th. They issued a "hold" rating and a $34.00 target price on the stock. The Goldman Sachs Group reiterated a "neutral" rating and set a $36.00 price target (down from $42.00) on shares of Kilroy Realty in a report on Friday, March 28th. Mizuho reissued a "neutral" rating and issued a $43.00 price objective (down from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. Finally, Royal Bank of Canada decreased their target price on Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating for the company in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Kilroy Realty currently has a consensus rating of "Hold" and a consensus price target of $38.82.

Kilroy Realty Stock Up 1.4 %

Kilroy Realty stock traded up $0.42 during mid-day trading on Friday, reaching $29.75. The stock had a trading volume of 1,871,283 shares, compared to its average volume of 1,196,312. The firm has a market capitalization of $3.51 billion, a PE ratio of 16.81 and a beta of 1.04. Kilroy Realty Co. has a fifty-two week low of $27.07 and a fifty-two week high of $43.78. The stock's 50-day simple moving average is $33.52 and its 200-day simple moving average is $37.63. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.17. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. On average, sell-side analysts forecast that Kilroy Realty Co. will post 4 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st were paid a dividend of $0.54 per share. The ex-dividend date was Monday, March 31st. This represents a $2.16 dividend on an annualized basis and a yield of 7.26%. Kilroy Realty's dividend payout ratio (DPR) is currently 122.03%.

About Kilroy Realty

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.