Kilroy Realty Co. (NYSE:KRC) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lessened its holdings in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 30.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,413 shares of the real estate investment trust's stock after selling 48,950 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.09% of Kilroy Realty worth $3,410,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in KRC. Norges Bank bought a new position in Kilroy Realty in the 4th quarter valued at $360,831,000. Janus Henderson Group PLC grew its stake in Kilroy Realty by 2,767.7% during the first quarter. Janus Henderson Group PLC now owns 1,648,027 shares of the real estate investment trust's stock worth $59,991,000 after buying an additional 1,590,558 shares in the last quarter. PGGM Investments grew its holdings in shares of Kilroy Realty by 85.0% during the 2nd quarter. PGGM Investments now owns 3,015,046 shares of the real estate investment trust's stock valued at $93,979,000 after purchasing an additional 1,385,692 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Kilroy Realty by 18.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,162,748 shares of the real estate investment trust's stock worth $115,220,000 after purchasing an additional 487,556 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Kilroy Realty by 139.4% during the first quarter. Sei Investments Co. now owns 693,552 shares of the real estate investment trust's stock worth $25,266,000 after purchasing an additional 403,807 shares during the period. 94.22% of the stock is owned by institutional investors.

Kilroy Realty Trading Up 4.0 %

KRC stock traded up $1.53 during midday trading on Wednesday, reaching $39.99. 2,796,146 shares of the company traded hands, compared to its average volume of 1,034,194. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of 22.98 and a beta of 1.04. The business has a 50 day moving average of $35.20 and a 200-day moving average of $34.20. Kilroy Realty Co. has a 52-week low of $26.78 and a 52-week high of $43.37. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.61 and a current ratio of 3.61.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.08 by ($0.67). Kilroy Realty had a return on equity of 3.52% and a net margin of 17.91%. The business had revenue of $280.73 million for the quarter, compared to the consensus estimate of $276.81 million. During the same period in the prior year, the business posted $1.19 earnings per share. Kilroy Realty's revenue was down 1.2% on a year-over-year basis. As a group, sell-side analysts expect that Kilroy Realty Co. will post 4.25 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, October 9th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.16 annualized dividend and a dividend yield of 5.40%. Kilroy Realty's dividend payout ratio is currently 124.14%.

Insider Buying and Selling at Kilroy Realty

In other news, EVP John Osmond sold 2,628 shares of the firm's stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total value of $105,120.00. Following the sale, the executive vice president now directly owns 8,818 shares in the company, valued at approximately $352,720. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 3,000 shares of Kilroy Realty stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $39.14, for a total transaction of $117,420.00. Following the completion of the sale, the chief accounting officer now directly owns 26,401 shares in the company, valued at approximately $1,033,335.14. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John Osmond sold 2,628 shares of the company's stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total value of $105,120.00. Following the completion of the sale, the executive vice president now owns 8,818 shares in the company, valued at approximately $352,720. The disclosure for this sale can be found here. Insiders own 2.49% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on KRC. Evercore ISI lifted their target price on Kilroy Realty from $38.00 to $40.00 and gave the stock an "in-line" rating in a report on Monday. Wells Fargo & Company dropped their target price on shares of Kilroy Realty from $39.00 to $38.00 and set an "overweight" rating for the company in a research report on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft reduced their price target on Kilroy Realty from $40.00 to $34.00 and set a "hold" rating on the stock in a research report on Thursday, May 30th. KeyCorp lowered their price objective on shares of Kilroy Realty from $45.00 to $42.00 and set an "overweight" rating for the company in a report on Tuesday, July 2nd. Finally, Scotiabank cut their price objective on shares of Kilroy Realty from $41.00 to $38.00 and set a "sector perform" rating on the stock in a research report on Wednesday, August 7th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $38.40.

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.