Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Holdings in Kilroy Realty Co. (NYSE:KRC)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 40.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 61,541 shares of the real estate investment trust's stock after acquiring an additional 17,811 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.05% of Kilroy Realty worth $2,489,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KRC. Wilmington Savings Fund Society FSB acquired a new stake in shares of Kilroy Realty during the third quarter worth about $34,000. GAMMA Investing LLC boosted its position in Kilroy Realty by 25.4% in the 4th quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust's stock worth $75,000 after purchasing an additional 374 shares in the last quarter. Fifth Third Bancorp grew its position in shares of Kilroy Realty by 31.7% during the 4th quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust's stock valued at $102,000 after acquiring an additional 607 shares during the period. Versant Capital Management Inc increased its holdings in Kilroy Realty by 14.8% in the 4th quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust's stock worth $105,000 after acquiring an additional 336 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of Kilroy Realty by 54.2% in the fourth quarter. KBC Group NV now owns 4,819 shares of the real estate investment trust's stock worth $195,000 after acquiring an additional 1,694 shares during the last quarter. Hedge funds and other institutional investors own 94.22% of the company's stock.

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Kilroy Realty Stock Performance

NYSE:KRC traded down $0.98 during mid-day trading on Friday, reaching $33.26. 1,690,891 shares of the stock were exchanged, compared to its average volume of 1,143,460. The stock has a market capitalization of $3.93 billion, a P/E ratio of 18.79 and a beta of 1.02. Kilroy Realty Co. has a 1 year low of $30.71 and a 1 year high of $43.78. The company has a 50 day simple moving average of $35.54 and a 200-day simple moving average of $38.26. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.82.

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

Kilroy Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 6.50%. The ex-dividend date is Monday, March 31st. Kilroy Realty's dividend payout ratio (DPR) is currently 122.03%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Mizuho restated a "neutral" rating and set a $43.00 price target (down from $45.00) on shares of Kilroy Realty in a research report on Tuesday, January 7th. The Goldman Sachs Group reissued a "neutral" rating and set a $36.00 price objective (down previously from $42.00) on shares of Kilroy Realty in a research note on Friday. JPMorgan Chase & Co. raised Kilroy Realty from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $45.00 to $49.00 in a research note on Friday, December 20th. Wells Fargo & Company lowered shares of Kilroy Realty from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $43.00 to $35.00 in a report on Monday, March 10th. Finally, Evercore ISI dropped their price target on shares of Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating for the company in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $39.55.

Insider Buying and Selling at Kilroy Realty

In related news, insider A. Robert Paratte sold 6,000 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $34.74, for a total value of $208,440.00. Following the sale, the insider now owns 86,744 shares of the company's stock, valued at approximately $3,013,486.56. This represents a 6.47 % decrease in their position. 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 firm's stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $35.16, for a total value of $140,640.00. Following the transaction, the executive vice president now directly owns 12,528 shares of the company's stock, valued at $440,484.48. The trade was a 24.20 % decrease in their position. The disclosure for this sale can be found here. 2.49% of the stock is currently owned by corporate insiders.

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.