Police & Firemen s Retirement System of New Jersey Buys 2,829 Shares of Kilroy Realty Corporation $KRC

Police & Firemen s Retirement System of New Jersey increased its stake in shares of Kilroy Realty Corporation (NYSE:KRC) by 6.6% in the second quarter, HoldingsChannel reports. The firm owned 45,407 shares of the real estate investment trust’s stock after buying an additional 2,829 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Kilroy Realty were worth $1,558,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. American National Bank & Trust purchased a new position in Kilroy Realty in the second quarter valued at about $25,000. Quaker Wealth Management LLC lifted its position in shares of Kilroy Realty by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 755 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 1,510 shares during the last quarter. Harbor Asset Planning Inc. bought a new stake in shares of Kilroy Realty in the 2nd quarter valued at about $34,000. UMB Bank n.a. grew its position in shares of Kilroy Realty by 46.0% in the 2nd quarter. UMB Bank n.a. now owns 1,694 shares of the real estate investment trust’s stock worth $58,000 after buying an additional 534 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its position in shares of Kilroy Realty by 20,078.6% in the 2nd quarter. Hantz Financial Services Inc. now owns 2,825 shares of the real estate investment trust’s stock worth $97,000 after buying an additional 2,811 shares during the last quarter. Institutional investors own 94.22% of the company’s stock.

Kilroy Realty Price Performance

NYSE KRC opened at $40.41 on Friday. The company has a market cap of $4.78 billion, a price-to-earnings ratio of 14.91 and a beta of 1.22. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.56 and a quick ratio of 2.35. The stock’s fifty day moving average price is $41.99 and its 200 day moving average price is $38.21. Kilroy Realty Corporation has a 1 year low of $27.07 and a 1 year high of $45.03.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. The company had revenue of $279.74 million during the quarter, compared to analysts’ expectations of $271.24 million. Kilroy Realty had a return on equity of 5.75% and a net margin of 28.68%.The firm’s revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.17 EPS. Kilroy Realty has set its FY 2025 guidance at 4.180-4.240 EPS. As a group, equities research analysts forecast that Kilroy Realty Corporation will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 31st will be given a $0.54 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $2.16 dividend on an annualized basis and a yield of 5.3%. Kilroy Realty’s dividend payout ratio is currently 79.70%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Weiss Ratings raised shares of Kilroy Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Royal Bank Of Canada upped their price target on Kilroy Realty from $39.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. BMO Capital Markets raised Kilroy Realty from an “underperform” rating to a “market perform” rating and raised their price objective for the stock from $40.00 to $44.00 in a research report on Tuesday. Scotiabank upgraded Kilroy Realty from a “sector underperform” rating to a “sector perform” rating and boosted their target price for the stock from $40.00 to $47.00 in a research note on Wednesday, September 17th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and set a $33.00 target price on shares of Kilroy Realty in a research report on Thursday, August 21st. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Kilroy Realty has an average rating of “Hold” and a consensus price target of $41.92.

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.