Victory Capital Management Inc. lessened its stake in shares of Kilroy Realty Co. (NYSE:KRC – Get Rating) by 0.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 618,518 shares of the real estate investment trust’s stock after selling 2,244 shares during the quarter. Victory Capital Management Inc. owned 0.53% of Kilroy Realty worth $26,046,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Oregon Public Employees Retirement Fund lifted its stake in shares of Kilroy Realty by 1.0% during the third quarter. Oregon Public Employees Retirement Fund now owns 30,618 shares of the real estate investment trust’s stock worth $1,289,000 after purchasing an additional 300 shares in the last quarter. Great West Life Assurance Co. Can acquired a new stake in Kilroy Realty during the 3rd quarter valued at approximately $6,873,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in Kilroy Realty by 5.6% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 50,023 shares of the real estate investment trust’s stock valued at $2,106,000 after purchasing an additional 2,646 shares in the last quarter. Aew Capital Management L P grew its stake in Kilroy Realty by 5.5% during the 3rd quarter. Aew Capital Management L P now owns 520,228 shares of the real estate investment trust’s stock valued at $21,907,000 after purchasing an additional 27,140 shares in the last quarter. Finally, New York State Teachers Retirement System grew its stake in Kilroy Realty by 6.6% during the 3rd quarter. New York State Teachers Retirement System now owns 161,724 shares of the real estate investment trust’s stock valued at $6,810,000 after purchasing an additional 10,000 shares in the last quarter. Institutional investors and hedge funds own 89.86% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on KRC shares. Robert W. Baird lowered shares of Kilroy Realty from an “outperform” rating to a “neutral” rating and set a $49.00 price target for the company. in a research note on Monday, October 10th. Jefferies Financial Group lowered shares of Kilroy Realty from a “buy” rating to a “hold” rating and dropped their price target for the stock from $48.00 to $39.00 in a research note on Monday, January 2nd. They noted that the move was a valuation call. Evercore ISI dropped their price target 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. Wells Fargo & Company dropped their price target on shares of Kilroy Realty to $46.00 in a research note on Wednesday, December 14th. Finally, Credit Suisse Group dropped their price target on shares of Kilroy Realty to $38.00 in a research note on Thursday, October 20th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $56.00.
Kilroy Realty Stock Performance
Kilroy Realty Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 11th. Stockholders of record on Friday, December 30th were issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 5.59%. The ex-dividend date of this dividend was Thursday, December 29th. Kilroy Realty’s dividend payout ratio (DPR) is 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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