New York State Common Retirement Fund Lowers Position in Kilroy Realty Co. (NYSE:KRC)

New York State Common Retirement Fund reduced its position in shares of Kilroy Realty Co. (NYSE:KRC) by 14.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 111,031 shares of the real estate investment trust’s stock after selling 19,280 shares during the period. New York State Common Retirement Fund owned approximately 0.09% of Kilroy Realty worth $4,423,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of KRC. Rush Island Management LP acquired a new stake in Kilroy Realty in the third quarter valued at $35,572,000. Senvest Management LLC raised its stake in Kilroy Realty by 39.5% during the third quarter. Senvest Management LLC now owns 2,961,076 shares of the real estate investment trust’s stock worth $93,600,000 after purchasing an additional 837,755 shares during the period. Wellington Management Group LLP purchased a new position in shares of Kilroy Realty in the 3rd quarter worth $25,093,000. Charles Schwab Investment Management Inc. boosted its holdings in Kilroy Realty by 25.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,025,569 shares of the real estate investment trust’s stock valued at $64,028,000 after acquiring an additional 404,821 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Kilroy Realty by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 16,906,218 shares of the real estate investment trust’s stock worth $534,406,000 after purchasing an additional 334,859 shares during the period. 94.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KRC has been the topic of several recent research reports. KeyCorp reduced their price target 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. 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 objective for the company. Barclays started coverage on shares of Kilroy Realty in a research note on Wednesday, March 27th. They issued an “equal weight” rating and a $38.00 price target on the stock. Finally, Royal Bank of Canada lowered shares of Kilroy Realty from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $44.00 to $39.00 in a research note on Friday, March 8th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $39.00.

Kilroy Realty Trading Down 1.0 %

Kilroy Realty stock opened at $33.93 on Monday. Kilroy Realty Co. has a 12 month low of $25.99 and a 12 month high of $43.37. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 0.87. The stock has a market cap of $3.98 billion, a P/E ratio of 19.50, a P/E/G ratio of 2.52 and a beta of 1.02. The company’s fifty day simple moving average is $34.89 and its 200-day simple moving average is $35.25.

Kilroy Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 29th were given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 6.37%. The ex-dividend date was Wednesday, March 27th. Kilroy Realty’s payout ratio is currently 124.14%.

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.