Retirement Systems of Alabama boosted its holdings in shares of Kilroy Realty Corp (NYSE:KRC) by 0.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 270,488 shares of the real estate investment trust’s stock after buying an additional 808 shares during the period. Retirement Systems of Alabama’s holdings in Kilroy Realty were worth $20,546,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Utah Retirement Systems boosted its stake in Kilroy Realty by 0.9% during the fourth quarter. Utah Retirement Systems now owns 21,997 shares of the real estate investment trust’s stock worth $1,383,000 after buying an additional 200 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Kilroy Realty by 1.1% during the first quarter. Louisiana State Employees Retirement System now owns 27,000 shares of the real estate investment trust’s stock worth $2,051,000 after buying an additional 300 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in Kilroy Realty by 0.9% during the first quarter. State of Alaska Department of Revenue now owns 43,272 shares of the real estate investment trust’s stock worth $3,286,000 after buying an additional 376 shares in the last quarter. Laurel Wealth Advisors LLC acquired a new stake in Kilroy Realty during the fourth quarter worth $25,000. Finally, Parallel Advisors LLC boosted its stake in Kilroy Realty by 471.7% during the fourth quarter. Parallel Advisors LLC now owns 526 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 434 shares in the last quarter. Hedge funds and other institutional investors own 96.67% of the company’s stock.
Shares of NYSE KRC opened at $75.30 on Wednesday. The firm has a market cap of $7.78 billion, a price-to-earnings ratio of 21.64, a P/E/G ratio of 2.87 and a beta of 0.83. Kilroy Realty Corp has a 52-week low of $59.05 and a 52-week high of $77.73. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.22 and a quick ratio of 1.22.
Kilroy Realty (NYSE:KRC) last issued its quarterly earnings data on Monday, February 4th. The real estate investment trust reported $0.78 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.11). Kilroy Realty had a net margin of 34.58% and a return on equity of 6.35%. The company had revenue of $190.80 million for the quarter, compared to the consensus estimate of $185.19 million. During the same period in the previous year, the business posted $0.85 earnings per share. The firm’s revenue was up 7.5% compared to the same quarter last year. As a group, sell-side analysts predict that Kilroy Realty Corp will post 3.69 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 17th. Investors of record on Friday, March 29th will be issued a $0.455 dividend. The ex-dividend date is Thursday, March 28th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.42%. Kilroy Realty’s dividend payout ratio is 52.30%.
In related news, insider Justin William Smart sold 5,000 shares of Kilroy Realty stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $76.71, for a total value of $383,550.00. Following the completion of the transaction, the insider now directly owns 119,507 shares of the company’s stock, valued at $9,167,381.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Tyler H. Rose sold 20,000 shares of Kilroy Realty stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $72.57, for a total value of $1,451,400.00. Following the completion of the transaction, the chief financial officer now directly owns 125,132 shares of the company’s stock, valued at $9,080,829.24. The disclosure for this sale can be found here. Insiders sold 64,799 shares of company stock valued at $4,766,078 over the last ninety days. 2.22% of the stock is currently owned by company insiders.
A number of equities research analysts have weighed in on the stock. Deutsche Bank lifted their price target on shares of Kilroy Realty from $80.00 to $82.00 and gave the stock a “hold” rating in a research note on Wednesday, April 10th. ValuEngine cut Kilroy Realty from a “buy” rating to a “hold” rating in a report on Wednesday, March 20th. Goldman Sachs Group raised Kilroy Realty from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $80.00 to $81.00 in a report on Monday, March 11th. Robert W. Baird raised Kilroy Realty from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $82.00 to $86.00 in a report on Friday, March 1st. Finally, Zacks Investment Research raised Kilroy Realty from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Kilroy Realty currently has an average rating of “Buy” and an average price target of $79.71.
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Kilroy Realty Profile
Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast's premier landlords. The company has over 70 years of experience developing, acquiring and managing office and mixed-use real estate assets. The company provides physical work environments that foster creativity and productivity and serves a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies.
Further Reading: Average Daily Trade Volume – ADTV
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