California Public Employees Retirement System Purchases 76,257 Shares of Kilroy Realty Corp (NYSE:KRC)

California Public Employees Retirement System grew its stake in shares of Kilroy Realty Corp (NYSE:KRC) by 45.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 243,008 shares of the real estate investment trust’s stock after acquiring an additional 76,257 shares during the quarter. California Public Employees Retirement System owned about 0.23% of Kilroy Realty worth $18,928,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of KRC. Eii Capital Management Inc. increased its holdings in shares of Kilroy Realty by 10.3% during the second quarter. Eii Capital Management Inc. now owns 34,974 shares of the real estate investment trust’s stock valued at $2,581,000 after acquiring an additional 3,263 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Kilroy Realty by 13.9% during the second quarter. Nisa Investment Advisors LLC now owns 31,978 shares of the real estate investment trust’s stock valued at $2,360,000 after acquiring an additional 3,893 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Kilroy Realty by 4.8% during the second quarter. Oregon Public Employees Retirement Fund now owns 40,859 shares of the real estate investment trust’s stock valued at $3,016,000 after acquiring an additional 1,877 shares in the last quarter. Oakbrook Investments LLC increased its holdings in shares of Kilroy Realty by 3.7% during the second quarter. Oakbrook Investments LLC now owns 5,650 shares of the real estate investment trust’s stock valued at $417,000 after acquiring an additional 200 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in shares of Kilroy Realty by 14.1% during the second quarter. State of Alaska Department of Revenue now owns 49,387 shares of the real estate investment trust’s stock valued at $3,644,000 after acquiring an additional 6,115 shares in the last quarter. Hedge funds and other institutional investors own 96.31% of the company’s stock.

Several equities analysts have recently weighed in on the company. Deutsche Bank reduced their price target on Kilroy Realty from $89.00 to $86.00 and set a “hold” rating for the company in a report on Thursday, October 10th. Robert W. Baird set a $91.00 price target on Kilroy Realty and gave the company a “buy” rating in a report on Wednesday, August 21st. BMO Capital Markets restated a “buy” rating and set a $84.00 price target on shares of Kilroy Realty in a report on Thursday, October 24th. Goldman Sachs Group assumed coverage on Kilroy Realty in a report on Friday. They set a “buy” rating and a $94.00 price target for the company. Finally, ValuEngine downgraded Kilroy Realty from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $86.00.

Kilroy Realty stock opened at $82.70 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.49 and a quick ratio of 1.49. Kilroy Realty Corp has a one year low of $59.05 and a one year high of $84.77. The stock has a market capitalization of $8.81 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 2.90 and a beta of 0.75. The business’s fifty day moving average is $79.58 and its 200 day moving average is $77.47.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.41 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.52). Kilroy Realty had a net margin of 35.04% and a return on equity of 6.62%. The business had revenue of $215.53 million for the quarter, compared to analysts’ expectations of $205.99 million. During the same period last year, the business earned $0.90 earnings per share. The company’s quarterly revenue was up 15.5% on a year-over-year basis. As a group, sell-side analysts expect that Kilroy Realty Corp will post 3.86 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Monday, September 30th were given a dividend of $0.485 per share. The ex-dividend date was Friday, September 27th. This represents a $1.94 annualized dividend and a dividend yield of 2.35%. Kilroy Realty’s dividend payout ratio (DPR) is presently 55.75%.

In other Kilroy Realty news, CFO Tyler H. Rose sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $84.41, for a total value of $422,050.00. Following the transaction, the chief financial officer now directly owns 121,508 shares of the company’s stock, valued at $10,256,490.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John B. Kilroy, Jr. sold 14,780 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $84.32, for a total value of $1,246,249.60. Following the completion of the transaction, the chief executive officer now directly owns 1,071,143 shares in the company, valued at $90,318,777.76. The disclosure for this sale can be found here. Insiders have sold 19,905 shares of company stock worth $1,678,018 over the last ninety days. 2.26% of the stock is currently owned by insiders.

Kilroy Realty Company Profile

Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast's premier landlords. The company has over 70 years of experience developing, acquiring and managing office and mixed-use real estate assets. The company provides physical work environments that foster creativity and productivity and serves a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies.

Read More: Cost of Capital Explained

Institutional Ownership by Quarter for Kilroy Realty (NYSE:KRC)

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