Teacher Retirement System of Texas Buys Shares of 16,390 Kilroy Realty Corporation (NYSE:KRC)

Teacher Retirement System of Texas purchased a new stake in Kilroy Realty Corporation (NYSE:KRC) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 16,390 shares of the real estate investment trust’s stock, valued at approximately $537,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in KRC. Norges Bank purchased a new position in Kilroy Realty in the fourth quarter worth approximately $366,356,000. Resolution Capital Ltd lifted its stake in shares of Kilroy Realty by 12.6% in the 4th quarter. Resolution Capital Ltd now owns 4,487,655 shares of the real estate investment trust’s stock valued at $181,526,000 after purchasing an additional 500,635 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Kilroy Realty by 6.3% in the 4th 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 purchasing an additional 193,291 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Kilroy Realty by 29.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,003,920 shares of the real estate investment trust’s stock worth $121,509,000 after purchasing an additional 680,870 shares during the period. Finally, Rush Island Management LP acquired a new stake in shares of Kilroy Realty during the 4th quarter worth about $109,502,000. Institutional investors and hedge funds own 94.22% of the company’s stock.

Kilroy Realty Stock Performance

NYSE:KRC opened at $36.64 on Thursday. Kilroy Realty Corporation has a 52 week low of $27.07 and a 52 week high of $43.78. The company has a fifty day simple moving average of $34.07 and a two-hundred day simple moving average of $34.42. 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 company has a market cap of $4.33 billion, a price-to-earnings ratio of 21.81 and a beta of 1.19.

Kilroy Realty (NYSE:KRC) last released 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). The company had revenue of $270.84 million for the quarter, compared to analyst estimates of $274.90 million. Kilroy Realty had a return on equity of 3.57% and a net margin of 17.74%. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.11 earnings per share. As a group, equities analysts anticipate that Kilroy Realty Corporation will post 4 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Monday, June 30th were issued a $0.54 dividend. The ex-dividend date was Monday, June 30th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.89%. Kilroy Realty’s payout ratio is 128.57%.

Wall Street Analyst Weigh In

A number of research analysts have commented on KRC shares. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $36.00 target price (down previously from $42.00) on shares of Kilroy Realty in a research report on Friday, March 28th. Mizuho decreased their price objective on shares of Kilroy Realty from $43.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday. BMO Capital Markets downgraded shares of Kilroy Realty from a “market perform” rating to an “underperform” rating and set a $35.00 target price for the company. in a report on Wednesday. JPMorgan Chase & Co. cut their target price on Kilroy Realty from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 2nd. Finally, Wells Fargo & Company lowered their price target on Kilroy Realty from $35.00 to $33.00 and set an “equal weight” rating for the company in a research report on Monday, May 19th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $37.73.

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.