Illinois Municipal Retirement Fund Decreases Stake in Kilroy Realty Co. (NYSE:KRC)

Illinois Municipal Retirement Fund cut its holdings in Kilroy Realty Co. (NYSE:KRC - Free Report) by 15.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,631 shares of the real estate investment trust's stock after selling 11,703 shares during the period. Illinois Municipal Retirement Fund owned approximately 0.06% of Kilroy Realty worth $2,655,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of KRC. Principal Financial Group Inc. grew its position in Kilroy Realty by 4.7% during the 4th quarter. Principal Financial Group Inc. now owns 4,862,310 shares of the real estate investment trust's stock worth $196,680,000 after acquiring an additional 218,163 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Kilroy Realty by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,171,717 shares of the real estate investment trust's stock worth $84,045,000 after purchasing an additional 27,660 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Kilroy Realty by 428.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 850,975 shares of the real estate investment trust's stock worth $32,933,000 after buying an additional 689,962 shares during the period. Victory Capital Management Inc. raised its holdings in Kilroy Realty by 585.2% during the 3rd quarter. Victory Capital Management Inc. now owns 830,311 shares of the real estate investment trust's stock valued at $32,133,000 after buying an additional 709,126 shares during the last quarter. Finally, abrdn plc boosted its position in Kilroy Realty by 1,592.3% during the 4th quarter. abrdn plc now owns 400,404 shares of the real estate investment trust's stock valued at $16,216,000 after buying an additional 376,743 shares during the period. 94.22% of the stock is owned by institutional investors.

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Kilroy Realty Trading Down 2.7 %

Shares of NYSE KRC traded down $0.98 during trading hours on Monday, hitting $34.72. 996,712 shares of the company traded hands, compared to its average volume of 1,431,043. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 19.62 and a beta of 1.02. The company's 50 day moving average price is $37.59 and its 200 day moving average price is $38.49. Kilroy Realty Co. has a 12 month low of $30.71 and a 12 month high of $43.78. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82.

Kilroy Realty (NYSE:KRC - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, topping 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, equities research analysts anticipate that Kilroy Realty Co. will post 4 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.22%. The ex-dividend date of this dividend is Monday, March 31st. Kilroy Realty's payout ratio is 122.03%.

Insider Activity

In other Kilroy Realty news, CEO Angela M. Aman acquired 2,797 shares of the company's stock in a transaction dated Friday, February 28th. The shares were purchased at an average cost of $35.45 per share, for a total transaction of $99,153.65. Following the completion of the purchase, the chief executive officer now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.49% of the company's stock.

Analysts Set New Price Targets

KRC has been the topic of several research analyst reports. Barclays raised Kilroy Realty from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $42.00 to $44.00 in a research note on Thursday. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $44.00 target price on shares of Kilroy Realty in a research report on Monday, February 10th. Scotiabank cut shares of Kilroy Realty from a "sector perform" rating to a "sector underperform" rating and set a $38.00 price target on the stock. in a research report on Thursday, November 14th. Jefferies Financial Group lowered shares of Kilroy Realty from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $45.00 to $41.00 in a report on Thursday, January 2nd. Finally, The Goldman Sachs Group cut their price objective on Kilroy Realty from $48.00 to $42.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $41.45.

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.