State of Alaska Department of Revenue Boosts Stock Position in Kilroy Realty Co. (NYSE:KRC)

State of Alaska Department of Revenue raised its position in shares of Kilroy Realty Co. (NYSE:KRCFree Report) by 0.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 67,153 shares of the real estate investment trust’s stock after purchasing an additional 349 shares during the quarter. State of Alaska Department of Revenue owned 0.06% of Kilroy Realty worth $2,444,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Senvest Management LLC grew its stake in Kilroy Realty by 21.4% during the 4th quarter. Senvest Management LLC now owns 3,595,212 shares of the real estate investment trust’s stock valued at $143,233,000 after purchasing an additional 634,136 shares during the last quarter. APG Asset Management US Inc. lifted its holdings in shares of Kilroy Realty by 5.0% in the 4th quarter. APG Asset Management US Inc. now owns 5,380,747 shares of the real estate investment trust’s stock valued at $214,369,000 after buying an additional 255,835 shares during the period. Norges Bank acquired a new position in shares of Kilroy Realty in the 4th quarter valued at about $360,831,000. Venture Visionary Partners LLC acquired a new position in shares of Kilroy Realty in the 4th quarter valued at about $1,556,000. Finally, Wellington Management Group LLP acquired a new position in shares of Kilroy Realty in the 3rd quarter valued at about $25,093,000. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Insider Buying and Selling at Kilroy Realty

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

Wall Street Analyst Weigh In

KRC has been the subject of several analyst reports. KeyCorp decreased their price objective on Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, July 2nd. Barclays initiated coverage on Kilroy Realty in a report on Wednesday, March 27th. They issued an “equal weight” rating and a $38.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Kilroy Realty from $40.00 to $34.00 and set a “hold” rating for the company in a report on Thursday, May 30th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $38.20.

Check Out Our Latest Analysis on Kilroy Realty

Kilroy Realty Stock Performance

NYSE KRC opened at $31.24 on Friday. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 17.95 and a beta of 1.04. Kilroy Realty Co. has a twelve month low of $26.78 and a twelve month high of $43.37. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.91. The stock has a 50-day moving average of $32.82 and a 200 day moving average of $35.29.

Kilroy Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 28th will be issued a $0.54 dividend. The ex-dividend date is Friday, June 28th. This represents a $2.16 dividend on an annualized basis and a yield of 6.91%. Kilroy Realty’s payout ratio is 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.

Recommended Stories

Want to see what other hedge funds are holding KRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kilroy Realty Co. (NYSE:KRCFree Report).

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

Receive News & Ratings for Kilroy Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kilroy Realty and related companies with MarketBeat.com's FREE daily email newsletter.