Louisiana State Employees Retirement System Acquires Shares of 30,000 Kilroy Realty Co. (NYSE:KRC)

Louisiana State Employees Retirement System acquired a new stake in Kilroy Realty Co. (NYSE:KRC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 30,000 shares of the real estate investment trust’s stock, valued at approximately $1,195,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC increased its position in Kilroy Realty by 458.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,006 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 826 shares in the last quarter. Covestor Ltd increased its position in Kilroy Realty by 23.8% in the 3rd quarter. Covestor Ltd now owns 1,933 shares of the real estate investment trust’s stock valued at $61,000 after acquiring an additional 372 shares in the last quarter. Fifth Third Bancorp increased its position in Kilroy Realty by 28.1% in the 3rd quarter. Fifth Third Bancorp now owns 2,464 shares of the real estate investment trust’s stock valued at $78,000 after acquiring an additional 540 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Kilroy Realty by 15.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,800 shares of the real estate investment trust’s stock valued at $89,000 after acquiring an additional 384 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Kilroy Realty by 36.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,888 shares of the real estate investment trust’s stock worth $91,000 after buying an additional 772 shares during the period. Institutional investors and hedge funds own 94.22% of the company’s stock.

Kilroy Realty Stock Up 1.0 %

Shares of NYSE KRC opened at $33.41 on Tuesday. The stock has a market cap of $3.92 billion, a P/E ratio of 18.56, a P/E/G ratio of 2.46 and a beta of 1.02. The firm has a 50 day moving average price of $35.23 and a 200 day moving average price of $35.03. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.65 and a current ratio of 2.65. Kilroy Realty Co. has a 52-week low of $25.99 and a 52-week high of $43.37.

Kilroy Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 29th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 6.47%. The ex-dividend date of this dividend was Wednesday, March 27th. Kilroy Realty’s payout ratio is currently 120.00%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on KRC shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Kilroy Realty in a research report on Tuesday, January 30th. They set a “hold” rating and a $40.00 price target for the company. Barclays started coverage on shares of Kilroy Realty in a research report on Wednesday, March 27th. They set an “equal weight” rating and a $38.00 price target for the company. KeyCorp lowered their price target on shares of Kilroy Realty from $47.00 to $45.00 and set an “overweight” rating for the company in a research report on Wednesday, February 28th. Finally, Royal Bank of Canada cut shares of Kilroy Realty from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $44.00 to $39.00 in a research report on Friday, March 8th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $39.00.

About Kilroy Realty

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.