New York State Teachers Retirement System Sells 8,300 Shares of Kilroy Realty Corporation (NYSE:KRC)

New York State Teachers Retirement System cut its position in Kilroy Realty Corporation (NYSE:KRC) by 6.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 121,760 shares of the real estate investment trust’s stock after selling 8,300 shares during the quarter. New York State Teachers Retirement System owned about 0.10% of Kilroy Realty worth $3,989,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Kilroy Realty in the fourth quarter valued at $366,356,000. Resolution Capital Ltd raised its stake in shares of Kilroy Realty by 12.6% in the fourth quarter. Resolution Capital Ltd now owns 4,487,655 shares of the real estate investment trust’s stock valued at $181,526,000 after buying an additional 500,635 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Kilroy Realty by 6.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,265,387 shares of the real estate investment trust’s stock valued at $132,087,000 after buying an additional 193,291 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in shares of Kilroy Realty by 29.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,003,920 shares of the real estate investment trust’s stock valued at $121,509,000 after buying an additional 680,870 shares during the period. Finally, Rush Island Management LP purchased a new position in shares of Kilroy Realty in the fourth quarter valued at $109,502,000. 94.22% of the stock is currently owned by institutional investors.

Kilroy Realty Price Performance

Kilroy Realty stock opened at $35.29 on Monday. Kilroy Realty Corporation has a 52 week low of $27.07 and a 52 week high of $43.78. The business has a 50-day simple moving average of $33.35 and a 200 day simple moving average of $34.64. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.82. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 21.01 and a beta of 1.19.

Kilroy Realty (NYSE:KRC) last posted its earnings results on Monday, May 5th. The real estate investment trust reported $1.02 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.01). Kilroy Realty had a return on equity of 3.57% and a net margin of 17.74%. The business had revenue of $270.84 million for the quarter, compared to analysts’ expectations of $274.90 million. During the same quarter in the previous year, the firm earned $1.11 earnings per share. Kilroy Realty’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, research analysts forecast that Kilroy Realty Corporation will post 4 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 6.12%. The ex-dividend date of this dividend is Monday, June 30th. Kilroy Realty’s dividend payout ratio (DPR) is currently 128.57%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group reiterated a “neutral” rating and issued a $36.00 price target (down from $42.00) on shares of Kilroy Realty in a research report on Friday, March 28th. JPMorgan Chase & Co. reduced their price target on Kilroy Realty from $42.00 to $40.00 and set an “overweight” rating for the company in a research report on Wednesday, July 2nd. KeyCorp reduced their price target on Kilroy Realty from $45.00 to $41.00 and set an “overweight” rating for the company in a research report on Monday, March 31st. Royal Bank Of Canada reduced their price target on Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating for the company in a research report on Monday, March 10th. Finally, Jefferies Financial Group assumed coverage on Kilroy Realty in a research report on Monday, March 17th. They issued a “hold” rating and a $34.00 price target for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Kilroy Realty presently has a consensus rating of “Hold” and an average price target of $38.90.

Kilroy Realty Company 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.