State of New Jersey Common Pension Fund D Sells 48,950 Shares of Kilroy Realty Co. (NYSE:KRC)

State of New Jersey Common Pension Fund D reduced its position in Kilroy Realty Co. (NYSE:KRC) by 30.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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’s holdings in Kilroy Realty were worth $3,410,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Kilroy Realty by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 16,997,240 shares of the real estate investment trust’s stock worth $677,170,000 after purchasing an additional 91,022 shares during the period. Norges Bank bought a new position in Kilroy Realty in the fourth quarter worth $360,831,000. APG Asset Management US Inc. lifted its position in Kilroy Realty by 5.0% in the fourth quarter. APG Asset Management US Inc. now owns 5,380,747 shares of the real estate investment trust’s stock worth $214,369,000 after purchasing an additional 255,835 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Kilroy Realty by 18.2% in the first 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 during the period. Finally, PGGM Investments lifted its position in Kilroy Realty by 85.0% in the second quarter. PGGM Investments now owns 3,015,046 shares of the real estate investment trust’s stock worth $93,979,000 after purchasing an additional 1,385,692 shares during the period. 94.22% of the stock is owned by institutional investors.

Kilroy Realty Stock Performance

Shares of NYSE:KRC opened at $38.48 on Wednesday. Kilroy Realty Co. has a twelve month low of $26.78 and a twelve month high of $43.37. The firm has a market cap of $4.52 billion, a PE ratio of 22.11 and a beta of 1.04. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.61 and a current ratio of 3.61. The business has a fifty day moving average of $35.04 and a 200-day moving average of $34.16.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.67). The firm had revenue of $280.73 million during the quarter, compared to analyst estimates of $276.81 million. Kilroy Realty had a return on equity of 3.52% and a net margin of 17.91%. Kilroy Realty’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.19 earnings per share. On average, equities research analysts predict that Kilroy Realty Co. will post 4.25 EPS for the current fiscal year.

Analyst Ratings Changes

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