Mutual of America Capital Management LLC Sells 15,588 Shares of Kilroy Realty Co. (NYSE:KRC)

Mutual of America Capital Management LLC reduced its stake in Kilroy Realty Co. (NYSE:KRC) by 19.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 65,913 shares of the real estate investment trust’s stock after selling 15,588 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Kilroy Realty were worth $2,626,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of KRC. Norges Bank purchased a new stake in Kilroy Realty in the 4th quarter worth $350,235,000. JPMorgan Chase & Co. increased its stake in Kilroy Realty by 116.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,892,931 shares of the real estate investment trust’s stock worth $91,446,000 after buying an additional 1,555,820 shares in the last quarter. Rush Island Management LP purchased a new stake in Kilroy Realty in the 3rd quarter worth $35,572,000. Millennium Management LLC increased its stake in Kilroy Realty by 90.5% in the 4th quarter. Millennium Management LLC now owns 2,230,415 shares of the real estate investment trust’s stock worth $86,250,000 after buying an additional 1,059,563 shares in the last quarter. Finally, Senvest Management LLC grew its position in shares of Kilroy Realty by 39.5% during the third quarter. Senvest Management LLC now owns 2,961,076 shares of the real estate investment trust’s stock valued at $93,600,000 after purchasing an additional 837,755 shares in the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Kilroy Realty Stock Up 1.3 %

Shares of NYSE KRC opened at $33.10 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.65 and a quick ratio of 2.65. The company has a market cap of $3.88 billion, a P/E ratio of 18.39, a PEG ratio of 2.41 and a beta of 1.02. Kilroy Realty Co. has a 1 year low of $25.99 and a 1 year high of $43.37. The firm has a 50-day simple moving average of $35.28 and a two-hundred day simple moving average of $34.93.

Kilroy Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 29th were paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 6.53%. The ex-dividend date of this dividend was Wednesday, March 27th. Kilroy Realty’s dividend payout ratio is presently 120.00%.

Analysts Set New Price Targets

A number of research analysts recently commented on KRC shares. Royal Bank of Canada downgraded shares of Kilroy Realty from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $44.00 to $39.00 in a report on Friday, March 8th. 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 price target for the company. KeyCorp lowered their price target on shares of Kilroy Realty from $47.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, February 28th. Finally, Barclays initiated coverage on shares of Kilroy Realty in a report on Wednesday, March 27th. They issued an “equal weight” rating and a $38.00 price target for the company. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $39.00.

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.