Ilmarinen Mutual Pension Insurance Co Raises Stock Holdings in Kilroy Realty Co. (NYSE:KRC)

Ilmarinen Mutual Pension Insurance Co boosted its position in Kilroy Realty Co. (NYSE:KRC) by 37.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,000 shares of the real estate investment trust’s stock after acquiring an additional 15,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co’s holdings in Kilroy Realty were worth $2,225,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. State of Alaska Department of Revenue lifted its stake in shares of Kilroy Realty by 0.4% in the 4th quarter. State of Alaska Department of Revenue now owns 68,456 shares of the real estate investment trust’s stock valued at $2,768,000 after acquiring an additional 276 shares during the last quarter. Choreo LLC boosted its holdings in Kilroy Realty by 3.2% in the fourth quarter. Choreo LLC now owns 8,852 shares of the real estate investment trust’s stock valued at $358,000 after acquiring an additional 278 shares in the last quarter. M&T Bank Corp boosted its stake in shares of Kilroy Realty by 1.3% during the 4th quarter. M&T Bank Corp now owns 22,889 shares of the real estate investment trust’s stock valued at $926,000 after purchasing an additional 293 shares in the last quarter. US Bancorp DE grew its holdings in shares of Kilroy Realty by 3.4% during the 4th quarter. US Bancorp DE now owns 9,680 shares of the real estate investment trust’s stock worth $392,000 after acquiring an additional 317 shares during the period. Finally, FMR LLC grew its stake in Kilroy Realty by 2.2% in the third quarter. FMR LLC now owns 15,201 shares of the real estate investment trust’s stock worth $588,000 after purchasing an additional 329 shares during the period. 94.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on KRC. Wells Fargo & Company downgraded shares of Kilroy Realty from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $43.00 to $35.00 in a research report on Monday, March 10th. Mizuho restated a “neutral” rating and issued a $43.00 price objective (down previously from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. Royal Bank of Canada lowered their target price on shares of Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating for the company in a report on Monday, March 10th. KeyCorp cut their price target on Kilroy Realty from $45.00 to $41.00 and set an “overweight” rating on the stock in a research note on Monday, March 31st. Finally, Evercore ISI reduced their price objective on Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Kilroy Realty has a consensus rating of “Hold” and a consensus price target of $38.82.

Insider Activity

In other Kilroy Realty news, insider A. Robert Paratte sold 6,000 shares of Kilroy Realty stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $34.74, for a total value of $208,440.00. Following the completion of the sale, the insider now owns 86,744 shares of the company’s stock, valued at approximately $3,013,486.56. The trade was a 6.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Angela M. Aman purchased 2,797 shares of the stock in a transaction dated Friday, February 28th. The shares were purchased at an average cost of $35.45 per share, for a total transaction of $99,153.65. Following the completion of the acquisition, the chief executive officer now directly owns 2,797 shares in the company, valued at approximately $99,153.65. This trade represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.49% of the stock is owned by corporate insiders.

Kilroy Realty Price Performance

Shares of NYSE KRC opened at $30.01 on Friday. The company has a 50 day moving average of $34.76 and a 200 day moving average of $38.12. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.82. Kilroy Realty Co. has a twelve month low of $28.54 and a twelve month high of $43.78. The firm has a market cap of $3.55 billion, a P/E ratio of 16.96 and a beta of 1.04.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. As a group, research analysts expect that Kilroy Realty Co. will post 4 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be paid a $0.54 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 7.20%. Kilroy Realty’s dividend payout ratio is presently 122.03%.

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.