Employees Retirement System of Texas Sells 26,000 Shares of Kilroy Realty Co. (NYSE:KRC)

Employees Retirement System of Texas decreased its holdings in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 18.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 116,500 shares of the real estate investment trust's stock after selling 26,000 shares during the period. Employees Retirement System of Texas owned approximately 0.10% of Kilroy Realty worth $4,712,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of Montreal Can boosted its holdings in Kilroy Realty by 21.5% during the fourth quarter. Bank of Montreal Can now owns 19,408 shares of the real estate investment trust's stock worth $785,000 after buying an additional 3,436 shares during the last quarter. Cerity Partners LLC increased its stake in Kilroy Realty by 498.2% in the fourth quarter. Cerity Partners LLC now owns 83,345 shares of the real estate investment trust's stock valued at $3,361,000 after purchasing an additional 69,413 shares in the last quarter. Ilmarinen Mutual Pension Insurance Co raised its holdings in Kilroy Realty by 37.5% in the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 55,000 shares of the real estate investment trust's stock worth $2,225,000 after purchasing an additional 15,000 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Kilroy Realty by 150.3% during the fourth quarter. Russell Investments Group Ltd. now owns 470,282 shares of the real estate investment trust's stock worth $19,023,000 after purchasing an additional 282,391 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Kilroy Realty by 39.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 29,230 shares of the real estate investment trust's stock valued at $1,182,000 after buying an additional 8,313 shares during the period. 94.22% of the stock is currently owned by institutional investors.

Kilroy Realty Stock Performance

Shares of KRC stock traded up $0.42 on Friday, reaching $29.75. The stock had a trading volume of 1,871,283 shares, compared to its average volume of 1,197,562. Kilroy Realty Co. has a 12 month low of $27.07 and a 12 month high of $43.78. The firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of 16.81 and a beta of 1.04. The firm's 50-day moving average is $33.52 and its two-hundred day moving average is $37.62. 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 earnings results on Monday, February 10th. The real estate investment trust reported $1.20 EPS 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%. On average, research analysts expect that Kilroy Realty Co. will post 4 EPS for the current fiscal year.

Kilroy Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 7.26%. The ex-dividend date of this dividend was Monday, March 31st. Kilroy Realty's dividend payout ratio is presently 122.03%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on KRC. Wells Fargo & Company downgraded Kilroy Realty from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $43.00 to $35.00 in a report on Monday, March 10th. Barclays raised shares of Kilroy Realty from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $42.00 to $44.00 in a research report on Thursday, February 27th. Royal Bank of Canada reduced their target price on shares of 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. JPMorgan Chase & Co. dropped their price target on Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $36.00 price objective (down from $42.00) on shares of Kilroy Realty in a report on Friday, March 28th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $38.82.

Insider Activity

In other Kilroy Realty news, insider A. Robert Paratte sold 6,000 shares of Kilroy Realty stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $34.74, for a total value of $208,440.00. Following the completion of the sale, the insider now owns 86,744 shares in the company, valued at $3,013,486.56. The trade was a 6.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Angela M. Aman acquired 2,797 shares of the business's stock in a transaction on Friday, February 28th. The stock was acquired 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 in the company, valued at approximately $99,153.65. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.49% of the stock is owned by company insiders.

Kilroy Realty 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.