Retirement Systems of Alabama Buys 480 Shares of Kilroy Realty Co. (NYSE:KRC)

Retirement Systems of Alabama boosted its stake in Kilroy Realty Co. (NYSE:KRC) by 0.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 313,378 shares of the real estate investment trust’s stock after purchasing an additional 480 shares during the quarter. Retirement Systems of Alabama owned about 0.27% of Kilroy Realty worth $12,485,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. increased its position in Kilroy Realty by 11.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 147,000 shares of the real estate investment trust’s stock worth $4,647,000 after purchasing an additional 15,000 shares during the last quarter. Xponance Inc. boosted its holdings in shares of Kilroy Realty by 4.2% in the 3rd quarter. Xponance Inc. now owns 13,761 shares of the real estate investment trust’s stock worth $435,000 after purchasing an additional 549 shares during the period. Raymond James & Associates increased its position in shares of Kilroy Realty by 15.2% during the 3rd quarter. Raymond James & Associates now owns 23,382 shares of the real estate investment trust’s stock valued at $739,000 after purchasing an additional 3,093 shares during the last quarter. Hanson & Doremus Investment Management raised its holdings in Kilroy Realty by 49.3% during the 3rd quarter. Hanson & Doremus Investment Management now owns 42,201 shares of the real estate investment trust’s stock valued at $1,334,000 after buying an additional 13,931 shares during the period. Finally, Vert Asset Management LLC lifted its position in Kilroy Realty by 11.4% in the third quarter. Vert Asset Management LLC now owns 45,804 shares of the real estate investment trust’s stock worth $1,448,000 after buying an additional 4,671 shares during the last quarter. Institutional investors own 94.22% of the company’s stock.

Wall Street Analyst Weigh In

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

Kilroy Realty Stock Performance

Shares of Kilroy Realty stock opened at $33.20 on Thursday. Kilroy Realty Co. has a one year low of $25.99 and a one year high of $43.37. The company has a market capitalization of $3.90 billion, a PE ratio of 18.44, a P/E/G ratio of 2.51 and a beta of 1.02. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.65 and a current ratio of 2.65. The company has a 50-day simple moving average of $34.98 and a two-hundred day simple moving average of $35.17.

Kilroy Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 29th were given a $0.54 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.51%. Kilroy Realty’s payout ratio is 120.00%.

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.