Retirement Systems of Alabama Acquires 845 Shares of Kilroy Realty Co. (NYSE:KRC)

Retirement Systems of Alabama raised its holdings in Kilroy Realty Co. (NYSE:KRC) by 0.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 308,937 shares of the real estate investment trust’s stock after acquiring an additional 845 shares during the quarter. Retirement Systems of Alabama’s holdings in Kilroy Realty were worth $12,497,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Kilroy Realty during the 3rd quarter valued at $34,000. UMB Bank n.a. increased its stake in Kilroy Realty by 126.5% in the third quarter. UMB Bank n.a. now owns 967 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 540 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Kilroy Realty by 33.6% during the third quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 371 shares during the period. Fifth Third Bancorp boosted its position in shares of Kilroy Realty by 31.7% during the 4th quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust’s stock worth $102,000 after purchasing an additional 607 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Kilroy Realty by 14.8% in the 4th quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 336 shares during the period. 94.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on KRC shares. JPMorgan Chase & Co. raised Kilroy Realty from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $45.00 to $49.00 in a research note on Friday, December 20th. Evercore ISI upped their target price on Kilroy Realty from $40.00 to $41.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Mizuho reissued a “neutral” rating and issued a $43.00 price target (down previously from $45.00) on shares of Kilroy Realty in a research report on Tuesday, January 7th. Jefferies Financial Group downgraded shares of Kilroy Realty from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $45.00 to $41.00 in a report on Thursday, January 2nd. Finally, Scotiabank cut shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price objective for the company. in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Kilroy Realty currently has an average rating of “Hold” and a consensus price target of $40.70.

Insider Activity

In other Kilroy Realty news, insider Heidi Rena Roth sold 12,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total value of $507,360.00. Following the transaction, the insider now owns 50,211 shares of the company’s stock, valued at approximately $2,122,921.08. The trade was a 19.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.49% of the stock is currently owned by corporate insiders.

Kilroy Realty Stock Up 0.3 %

KRC opened at $37.28 on Friday. Kilroy Realty Co. has a fifty-two week low of $30.71 and a fifty-two week high of $43.78. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 3.08. The company’s 50-day moving average is $39.47 and its 200 day moving average is $38.40. The firm has a market capitalization of $4.40 billion, a P/E ratio of 22.32 and a beta of 1.02.

Kilroy Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 31st were paid a $0.54 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.79%. Kilroy Realty’s payout ratio is presently 129.34%.

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.