New York State Common Retirement Fund Has $4.42 Million Stake in Kilroy Realty Co. (NYSE:KRC)

New York State Common Retirement Fund reduced its position in Kilroy Realty Co. (NYSE:KRC) by 14.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 111,031 shares of the real estate investment trust’s stock after selling 19,280 shares during the quarter. New York State Common Retirement Fund’s holdings in Kilroy Realty were worth $4,423,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in KRC. CWM LLC raised its position in Kilroy Realty by 26.9% during the fourth quarter. CWM LLC now owns 2,822 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 598 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of Kilroy Realty by 46.9% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 139,013 shares of the real estate investment trust’s stock worth $5,538,000 after buying an additional 44,410 shares in the last quarter. abrdn plc lifted its position in shares of Kilroy Realty by 1,133.3% during the 4th quarter. abrdn plc now owns 293,341 shares of the real estate investment trust’s stock worth $11,687,000 after buying an additional 269,556 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Kilroy Realty by 18.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 76,967 shares of the real estate investment trust’s stock worth $3,066,000 after buying an additional 11,993 shares during the last quarter. Finally, Louisiana State Employees Retirement System acquired a new stake in Kilroy Realty in the fourth quarter valued at about $1,195,000. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KRC has been the subject of several research analyst reports. Royal Bank of Canada downgraded Kilroy Realty from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $44.00 to $39.00 in a research note on Friday, March 8th. Barclays initiated coverage on shares of Kilroy Realty in a research report on Wednesday, March 27th. They set an “equal weight” rating and a $38.00 price objective for the company. Deutsche Bank Aktiengesellschaft began 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. Finally, 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. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $39.00.

Kilroy Realty Trading Down 1.0 %

NYSE KRC opened at $33.93 on Monday. The firm has a market capitalization of $3.98 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02. The business’s 50-day moving average price is $34.89 and its two-hundred day moving average price is $35.25. 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 Co. has a 12 month low of $25.99 and a 12 month high of $43.37.

Kilroy Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 29th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 6.37%. The ex-dividend date of this dividend was Wednesday, March 27th. Kilroy Realty’s dividend payout ratio is presently 124.14%.

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.