Kilroy Realty Co. (NYSE:KRC) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its holdings in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 6.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 130,060 shares of the real estate investment trust's stock after selling 8,400 shares during the period. New York State Teachers Retirement System owned 0.11% of Kilroy Realty worth $5,261,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. CWA Asset Management Group LLC purchased a new stake in Kilroy Realty during the third quarter worth approximately $476,000. Vestcor Inc lifted its stake in Kilroy Realty by 289.0% during the third quarter. Vestcor Inc now owns 34,313 shares of the real estate investment trust's stock worth $1,328,000 after purchasing an additional 25,492 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Kilroy Realty by 4,454.4% during the third quarter. International Assets Investment Management LLC now owns 13,390 shares of the real estate investment trust's stock worth $518,000 after purchasing an additional 13,096 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Kilroy Realty by 1.3% during 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. Finally, GAMMA Investing LLC lifted its stake in Kilroy Realty by 25.4% during the fourth 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 during the last quarter. Hedge funds and other institutional investors own 94.22% of the company's stock.

Insider Activity

In other news, insider Heidi Rena Roth sold 12,000 shares of the business's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total value of $507,360.00. Following the transaction, the insider now owns 50,211 shares of the company's stock, valued at approximately $2,122,921.08. The trade was a 19.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.49% of the company's stock.

Analyst Ratings Changes

KRC has been the subject of several recent analyst reports. Evercore ISI decreased their target price on Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating for the company in a research note on Wednesday, February 12th. The Goldman Sachs Group decreased their target price on Kilroy Realty from $48.00 to $42.00 and set a "buy" rating for the company in a research note on Thursday. Scotiabank cut Kilroy Realty from a "sector perform" rating to a "sector underperform" rating and set a $38.00 target price for the company. in a research note on Thursday, November 14th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $44.00 price target on shares of Kilroy Realty in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. raised Kilroy Realty from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $45.00 to $49.00 in a research report on Friday, December 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $41.27.

Kilroy Realty Stock Performance

Shares of NYSE:KRC traded down $0.77 during trading on Friday, reaching $32.71. The company had a trading volume of 2,199,815 shares, compared to its average volume of 1,445,509. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of 18.48 and a beta of 1.02. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.21 and a quick ratio of 2.21. The stock's fifty day moving average price is $38.35 and its 200 day moving average price is $38.37. Kilroy Realty Co. has a fifty-two week low of $30.71 and a fifty-two week high of $43.78.

Kilroy Realty (NYSE:KRC - Get Free Report) last released its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. As a group, equities research analysts predict that Kilroy Realty Co. will post 4 EPS for the current year.

Kilroy Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 31st were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.60%. The ex-dividend date was Tuesday, December 31st. Kilroy Realty's payout ratio is currently 122.03%.

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.