Public Employees Retirement System of Ohio Has $6.54 Million Position in Kilroy Realty Corporation $KRC

Public Employees Retirement System of Ohio lifted its position in shares of Kilroy Realty Corporation (NYSE:KRC) by 1.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 190,632 shares of the real estate investment trust’s stock after acquiring an additional 2,652 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.16% of Kilroy Realty worth $6,541,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of KRC. Northern Trust Corp raised its position in shares of Kilroy Realty by 39.5% during the first quarter. Northern Trust Corp now owns 2,923,836 shares of the real estate investment trust’s stock worth $95,785,000 after acquiring an additional 827,365 shares during the last quarter. Long Pond Capital LP bought a new position in shares of Kilroy Realty in the 1st quarter worth about $24,183,000. MetLife Investment Management LLC lifted its stake in shares of Kilroy Realty by 566.3% in the 1st quarter. MetLife Investment Management LLC now owns 421,050 shares of the real estate investment trust’s stock valued at $13,794,000 after purchasing an additional 357,855 shares during the period. Strs Ohio acquired a new position in shares of Kilroy Realty in the 1st quarter valued at about $9,575,000. Finally, APG Asset Management US Inc. boosted its position in shares of Kilroy Realty by 5.3% during the 1st quarter. APG Asset Management US Inc. now owns 4,611,122 shares of the real estate investment trust’s stock valued at $151,521,000 after purchasing an additional 230,236 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Eliott Trencher sold 3,997 shares of Kilroy Realty stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $38.05, for a total value of $152,085.85. Following the completion of the sale, the executive vice president directly owned 43,826 shares in the company, valued at approximately $1,667,579.30. This trade represents a 8.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $38.28, for a total value of $239,250.00. Following the completion of the transaction, the chief accounting officer directly owned 26,435 shares in the company, valued at approximately $1,011,931.80. This represents a 19.12% decrease in their position. The disclosure for this sale can be found here. 2.49% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on KRC shares. JPMorgan Chase & Co. reduced their price target on shares of Kilroy Realty from $42.00 to $40.00 and set an “overweight” rating for the company in a report on Wednesday, July 2nd. The Goldman Sachs Group restated a “sell” rating and issued a $33.00 target price on shares of Kilroy Realty in a research note on Thursday, August 21st. Zacks Research raised Kilroy Realty to a “hold” rating in a research report on Friday, August 8th. Scotiabank upgraded Kilroy Realty from a “sector underperform” rating to a “sector perform” rating and increased their price target for the stock from $40.00 to $47.00 in a report on Wednesday, September 17th. Finally, Barclays restated an “equal weight” rating and set a $43.00 price objective on shares of Kilroy Realty in a report on Thursday, September 4th. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Kilroy Realty has a consensus rating of “Hold” and an average price target of $39.45.

Kilroy Realty Stock Performance

Kilroy Realty stock opened at $42.60 on Monday. Kilroy Realty Corporation has a fifty-two week low of $27.07 and a fifty-two week high of $45.03. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.35 and a current ratio of 2.35. The stock has a market cap of $5.04 billion, a P/E ratio of 23.15 and a beta of 1.25. The firm’s fifty day moving average price is $40.27 and its 200-day moving average price is $35.71.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.12. Kilroy Realty had a return on equity of 3.92% and a net margin of 19.29%.The firm had revenue of $289.89 million for the quarter, compared to analysts’ expectations of $268.84 million. During the same period last year, the firm earned $1.10 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. On average, equities research analysts expect that Kilroy Realty Corporation will post 4 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.54 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.16 annualized dividend and a dividend yield of 5.1%. Kilroy Realty’s dividend payout ratio (DPR) is presently 117.39%.

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.