Kilroy Realty Co. (NYSE:KRC) Stock Position Cut by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its stake in shares of Kilroy Realty Co. (NYSE:KRC) by 8.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 138,460 shares of the real estate investment trust’s stock after selling 12,336 shares during the quarter. New York State Teachers Retirement System owned about 0.12% of Kilroy Realty worth $5,358,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its stake in shares of Kilroy Realty by 18.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,162,748 shares of the real estate investment trust’s stock valued at $115,220,000 after acquiring an additional 487,556 shares during the period. PGGM Investments increased its position 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 period. Centersquare Investment Management LLC raised its stake in shares of Kilroy Realty by 1.0% in the 1st quarter. Centersquare Investment Management LLC now owns 2,598,144 shares of the real estate investment trust’s stock worth $87,817,000 after buying an additional 24,855 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Kilroy Realty by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,720,268 shares of the real estate investment trust’s stock valued at $53,622,000 after buying an additional 42,811 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in shares of Kilroy Realty by 2,767.7% in the first quarter. Janus Henderson Group PLC now owns 1,648,027 shares of the real estate investment trust’s stock valued at $59,991,000 after buying an additional 1,590,558 shares during the period. 94.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on KRC shares. Wells Fargo & Company dropped their price target on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 11th. Barclays boosted their target price on shares of Kilroy Realty from $38.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Scotiabank reduced their target price on shares of 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, Evercore ISI upped their price target on Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $39.43.

Kilroy Realty Stock Up 0.8 %

Shares of NYSE:KRC opened at $39.59 on Wednesday. The firm has a 50 day simple moving average of $38.65 and a 200 day simple moving average of $35.35. Kilroy Realty Co. has a 52 week low of $27.39 and a 52 week high of $43.78. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.08 and a current ratio of 3.08. The company has a market cap of $4.67 billion, a PE ratio of 23.71 and a beta of 1.03.

Kilroy Realty (NYSE:KRC) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.60). Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. The business had revenue of $289.94 million during the quarter, compared to analysts’ expectations of $275.77 million. During the same quarter in the previous year, the company earned $1.12 EPS. Kilroy Realty’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, research analysts expect that Kilroy Realty Co. will post 4.41 earnings per share for the current year.

Kilroy Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th were paid a dividend of $0.54 per share. The ex-dividend date was Monday, September 30th. This represents a $2.16 annualized dividend and a yield of 5.46%. Kilroy Realty’s dividend payout ratio (DPR) is presently 129.34%.

Insider Activity

In related news, CAO Merryl Elizabeth Werber sold 3,000 shares of the firm’s 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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP John Osmond sold 2,628 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total transaction of $105,120.00. Following the completion of the sale, the executive vice president now directly owns 8,818 shares of the company’s stock, valued at $352,720. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of Kilroy Realty stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $39.14, for a total value of $117,420.00. Following the sale, the chief accounting officer now owns 26,401 shares of the company’s stock, valued at approximately $1,033,335.14. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.49% of the stock is owned by corporate insiders.

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.