State of Alaska Department of Revenue Sells 1,670 Shares of Kilroy Realty Co. (NYSE:KRC)

State of Alaska Department of Revenue cut its stake in Kilroy Realty Co. (NYSE:KRC) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,804 shares of the real estate investment trust’s stock after selling 1,670 shares during the period. State of Alaska Department of Revenue owned approximately 0.06% of Kilroy Realty worth $2,660,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of KRC. Global Retirement Partners LLC increased its holdings 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 buying an additional 826 shares during the period. Pacer Advisors Inc. increased its stake in Kilroy Realty by 78.6% in the fourth quarter. Pacer Advisors Inc. now owns 16,031 shares of the real estate investment trust’s stock valued at $639,000 after acquiring an additional 7,056 shares during the last quarter. Keating Wealth Management LLC bought a new position in Kilroy Realty in the fourth quarter valued at approximately $6,956,000. Whittier Trust Co. raised its position in Kilroy Realty by 144.1% during the fourth quarter. Whittier Trust Co. now owns 8,363 shares of the real estate investment trust’s stock valued at $333,000 after purchasing an additional 4,937 shares in the last quarter. Finally, Handelsinvest Investeringsforvaltning bought a new stake in Kilroy Realty during the fourth quarter worth $516,000. 94.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on KRC. Barclays initiated coverage on Kilroy Realty in a research note on Wednesday, March 27th. They issued an “equal weight” rating and a $38.00 price objective on the stock. Royal Bank of Canada cut shares of Kilroy Realty from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $44.00 to $39.00 in a research report on Friday, March 8th. Deutsche Bank Aktiengesellschaft started coverage on shares of Kilroy Realty in a research report on Tuesday, January 30th. They issued a “hold” rating and a $40.00 target price on the stock. KeyCorp dropped their price target on Kilroy Realty from $47.00 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday, February 28th. Finally, Wolfe Research cut Kilroy Realty from an “outperform” rating to a “peer perform” rating in a report on Friday, December 15th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $39.00.

Kilroy Realty Stock Performance

Shares of Kilroy Realty stock opened at $34.10 on Friday. Kilroy Realty Co. has a 12 month low of $25.99 and a 12 month high of $43.37. The firm has a market capitalization of $4.00 billion, a P/E ratio of 18.94, a price-to-earnings-growth ratio of 2.58 and a beta of 1.02. The business’s fifty day simple moving average is $35.79 and its 200 day simple moving average is $34.86. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 0.87.

Kilroy Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Stockholders of record on Friday, March 29th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.33%. The ex-dividend date of this dividend is Wednesday, March 27th. Kilroy Realty’s dividend payout ratio is currently 120.00%.

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.