California Public Employees Retirement System Boosts Stake in Kilroy Realty Corporation $KRC

California Public Employees Retirement System increased its stake in Kilroy Realty Corporation (NYSE:KRC) by 5.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 265,206 shares of the real estate investment trust’s stock after acquiring an additional 12,774 shares during the period. California Public Employees Retirement System owned about 0.23% of Kilroy Realty worth $7,481,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in Kilroy Realty by 23.5% during the fourth quarter. Principal Financial Group Inc. now owns 5,228,666 shares of the real estate investment trust’s stock valued at $195,396,000 after buying an additional 994,299 shares during the period. Nan Fung Trinity HK Ltd. grew its position in shares of Kilroy Realty by 172.4% in the 4th quarter. Nan Fung Trinity HK Ltd. now owns 210,800 shares of the real estate investment trust’s stock worth $7,878,000 after buying an additional 133,400 shares during the last quarter. Situational Awareness LP purchased a new position in Kilroy Realty during the 4th quarter valued at $49,616,000. Ritholtz Wealth Management purchased a new position in shares of Kilroy Realty during the fourth quarter valued at about $671,000. Finally, Wolverine Asset Management LLC purchased a new position in shares of Kilroy Realty during the 4th quarter worth approximately $5,095,000. Institutional investors own 94.22% of the company’s stock.

Wall Street Analysts Forecast Growth

KRC has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their price target on Kilroy Realty from $40.00 to $39.00 and set a “neutral” rating for the company in a report on Tuesday, July 21st. Bank of America raised Kilroy Realty from a “neutral” rating to a “buy” rating and increased their price objective for the company from $42.00 to $44.00 in a research report on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $33.00 price objective on shares of Kilroy Realty in a report on Tuesday, May 12th. Needham & Company LLC reissued a “buy” rating on shares of Kilroy Realty in a research report on Monday, June 8th. Finally, BMO Capital Markets upped their target price on shares of Kilroy Realty from $34.00 to $38.00 and gave the company a “market perform” rating in a research note on Monday, June 15th. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Kilroy Realty has an average rating of “Hold” and an average price target of $38.87.

Kilroy Realty Price Performance

NYSE KRC opened at $39.43 on Monday. Kilroy Realty Corporation has a fifty-two week low of $27.36 and a fifty-two week high of $45.03. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.09 and a current ratio of 2.09. The company has a market capitalization of $4.59 billion, a PE ratio of 21.67 and a beta of 1.12. The business’s fifty day moving average is $37.32 and its 200 day moving average is $34.09.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings results on Monday, April 27th. The real estate investment trust reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.30). The business had revenue of $270.05 million during the quarter, compared to analysts’ expectations of $263.08 million. Kilroy Realty had a return on equity of 3.89% and a net margin of 19.59%.The company’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.02 EPS. Sell-side analysts predict that Kilroy Realty Corporation will post 3.58 earnings per share for the current year.

Kilroy Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Tuesday, June 30th were given a $0.54 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.16 dividend on an annualized basis and a yield of 5.5%. Kilroy Realty’s dividend payout ratio (DPR) is currently 118.68%.

Insider Transactions at Kilroy Realty

In other Kilroy Realty news, insider Lauren N. Stadler sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $34.65, for a total transaction of $103,950.00. Following the completion of the transaction, the insider owned 15,456 shares in the company, valued at $535,550.40. The trade was a 16.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Justin William Smart sold 10,848 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $38.71, for a total value of $419,926.08. Following the transaction, the president owned 519,872 shares in the company, valued at approximately $20,124,245.12. This represents a 2.04% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 29,648 shares of company stock worth $1,120,958. 0.83% of the stock is currently owned by insiders.

About Kilroy Realty

Kilroy Realty Corporation (NYSE: KRC) is a publicly traded real estate investment trust focused on the development, acquisition and management of high‐quality office and mixed‐use properties along the U.S. West Coast. The company’s portfolio encompasses major urban markets including Los Angeles, San Diego, the San Francisco Bay Area and Seattle. Kilroy Realty targets properties in transit‐oriented submarkets, blending workplace space with retail, residential and hospitality amenities to create vibrant, walkable neighborhoods.

Founded in the mid‐20th century by members of the Kilroy family, the company evolved from a regional landlord into one of the leading West Coast office landlords.