Kilroy Realty Co. (NYSE:KRC) Shares Purchased by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina lifted its holdings in Kilroy Realty Co. (NYSE:KRCFree Report) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,376 shares of the real estate investment trust’s stock after purchasing an additional 2,152 shares during the period. Treasurer of the State of North Carolina’s holdings in Kilroy Realty were worth $2,127,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Kilroy Realty in the fourth quarter valued at approximately $360,831,000. Rush Island Management LP purchased a new stake in Kilroy Realty in the 3rd quarter worth $35,572,000. Senvest Management LLC raised its position in 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 worth $93,600,000 after acquiring an additional 837,755 shares during the period. Wellington Management Group LLP purchased a new position in Kilroy Realty during the third quarter valued at $25,093,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Kilroy Realty by 25.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,025,569 shares of the real estate investment trust’s stock valued at $64,028,000 after purchasing an additional 404,821 shares during the period. Institutional investors and hedge funds own 94.22% of the company’s stock.

Insider Activity

In other news, insider A. Robert Paratte sold 12,000 shares of Kilroy Realty stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $33.35, for a total value of $400,200.00. Following the transaction, the insider now directly owns 68,139 shares of the company’s stock, valued at approximately $2,272,435.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Merryl Elizabeth Werber sold 3,329 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $33.66, for a total transaction of $112,054.14. Following the completion of the sale, the chief accounting officer now owns 29,081 shares in the company, valued at $978,866.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider A. Robert Paratte sold 12,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $33.35, for a total value of $400,200.00. Following the completion of the transaction, the insider now owns 68,139 shares in the company, valued at approximately $2,272,435.65. The disclosure for this sale can be found here. Corporate insiders own 2.49% of the company’s stock.

Wall Street Analysts Forecast Growth

KRC has been the subject of several research analyst reports. KeyCorp reduced their price target on shares of Kilroy Realty from $47.00 to $45.00 and set an “overweight” rating for the company in a research report on Wednesday, February 28th. Barclays started coverage on Kilroy Realty in a research report on Wednesday, March 27th. They issued an “equal weight” rating and a $38.00 target price on the stock. Royal Bank of Canada lowered Kilroy Realty from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $44.00 to $39.00 in a research report on Friday, March 8th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Kilroy Realty from $40.00 to $34.00 and set a “hold” rating for the company in a research note on Thursday, May 30th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $38.45.

Read Our Latest Research Report on KRC

Kilroy Realty Stock Down 0.5 %

KRC opened at $32.60 on Friday. Kilroy Realty Co. has a one year low of $26.78 and a one year high of $43.37. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.30 and a current ratio of 3.30. The stock has a market capitalization of $3.83 billion, a P/E ratio of 18.74 and a beta of 1.03. The business’s 50-day simple moving average is $33.75 and its 200-day simple moving average is $35.87.

Kilroy Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 28th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 6.63%. The ex-dividend date of this dividend is Friday, June 28th. Kilroy Realty’s dividend payout ratio is currently 124.14%.

Kilroy Realty Company Profile

(Free Report)

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.

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

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