Mutual of America Capital Management LLC Sells 15,588 Shares of Kilroy Realty Co. (NYSE:KRC)

Mutual of America Capital Management LLC reduced its stake in Kilroy Realty Co. (NYSE:KRC) by 19.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,913 shares of the real estate investment trust’s stock after selling 15,588 shares during the period. Mutual of America Capital Management LLC owned approximately 0.06% of Kilroy Realty worth $2,626,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in KRC. Vanguard Group Inc. raised its position in shares of Kilroy Realty by 2.0% in the third quarter. Vanguard Group Inc. now owns 16,906,218 shares of the real estate investment trust’s stock worth $534,406,000 after buying an additional 334,859 shares in the last quarter. BlackRock Inc. raised its position in shares of Kilroy Realty by 4.3% in the first quarter. BlackRock Inc. now owns 14,219,574 shares of the real estate investment trust’s stock worth $460,714,000 after buying an additional 583,920 shares in the last quarter. Norges Bank purchased a new stake in shares of Kilroy Realty in the fourth quarter worth $350,235,000. State Street Corp raised its position in shares of Kilroy Realty by 0.5% in the first quarter. State Street Corp now owns 6,265,901 shares of the real estate investment trust’s stock worth $206,333,000 after buying an additional 32,293 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Kilroy Realty by 0.4% in the third quarter. Principal Financial Group Inc. now owns 5,501,383 shares of the real estate investment trust’s stock worth $173,898,000 after buying an additional 23,585 shares in the last quarter. 94.22% of the stock is owned by institutional investors.

Kilroy Realty Trading Up 1.3 %

NYSE KRC opened at $33.10 on Friday. Kilroy Realty Co. has a 1-year low of $25.99 and a 1-year high of $43.37. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 0.87. The stock has a 50-day moving average of $35.28 and a 200-day moving average of $34.93. The firm has a market cap of $3.88 billion, a PE ratio of 18.39, a price-to-earnings-growth ratio of 2.41 and a beta of 1.02.

Kilroy Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 29th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.53%. The ex-dividend date of this dividend was Wednesday, March 27th. Kilroy Realty’s dividend payout ratio (DPR) is presently 120.00%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KRC. KeyCorp lowered their price objective on Kilroy Realty from $47.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 28th. Barclays assumed coverage on Kilroy Realty in a research report on Wednesday, March 27th. They set an “equal weight” rating and a $38.00 price target on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on Kilroy Realty in a research report on Tuesday, January 30th. They set a “hold” rating and a $40.00 price target on the stock. Finally, Royal Bank of Canada downgraded Kilroy Realty from an “outperform” rating to a “sector perform” rating and lowered their price target for the company 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’s stock. According to MarketBeat, Kilroy Realty has a consensus rating of “Hold” and an average target price of $39.00.

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.