Oregon Public Employees Retirement Fund increased its stake in shares of Kilroy Realty Co. (NYSE:KRC – Get Rating) by 1.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,618 shares of the real estate investment trust’s stock after purchasing an additional 300 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Kilroy Realty were worth $1,289,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in KRC. Long Pond Capital LP acquired a new stake in shares of Kilroy Realty during the second quarter worth approximately $50,394,000. State Street Corp boosted its holdings in shares of Kilroy Realty by 15.1% during the first quarter. State Street Corp now owns 6,174,949 shares of the real estate investment trust’s stock worth $475,035,000 after purchasing an additional 811,897 shares during the period. Waterfront Capital Partners LLC boosted its holdings in shares of Kilroy Realty by 208.8% during the second quarter. Waterfront Capital Partners LLC now owns 1,200,455 shares of the real estate investment trust’s stock worth $62,820,000 after purchasing an additional 811,755 shares during the period. Millennium Management LLC boosted its holdings in shares of Kilroy Realty by 952.3% during the second quarter. Millennium Management LLC now owns 707,793 shares of the real estate investment trust’s stock worth $37,039,000 after purchasing an additional 640,533 shares during the period. Finally, Artemis Investment Management LLP acquired a new stake in shares of Kilroy Realty during the second quarter worth approximately $31,997,000. 89.86% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several analysts recently commented on the stock. Wells Fargo & Company decreased their price target on shares of Kilroy Realty to $46.00 in a report on Wednesday, December 14th. Evercore ISI reduced their target price on shares of Kilroy Realty from $61.00 to $59.00 and set an “in-line” rating for the company in a research note on Tuesday, September 27th. Robert W. Baird cut shares of Kilroy Realty from an “outperform” rating to a “neutral” rating and set a $49.00 target price for the company. in a research note on Monday, October 10th. Jefferies Financial Group cut shares of Kilroy Realty from a “buy” rating to a “hold” rating and reduced their target price for the company from $48.00 to $39.00 in a research note on Monday, January 2nd. They noted that the move was a valuation call. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Kilroy Realty from $60.00 to $47.00 and set a “hold” rating for the company in a research note on Thursday, October 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Kilroy Realty presently has a consensus rating of “Hold” and a consensus price target of $56.75.
Kilroy Realty Trading Down 1.8 %
Kilroy Realty Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 11th. Investors of record on Friday, December 30th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date was Thursday, December 29th. Kilroy Realty’s dividend payout ratio (DPR) is currently 111.92%.
Kilroy Realty Company Profile
Kilroy Realty Corp. operates as a self-administered real estate investment trust, which engages in the development, acquisition, and management of office and mixed-use real estate assets. It owns, develops, acquires and manages real estate assets, consisting primarily of Class A properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area, and Greater Seattle.
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