Retirement Systems of Alabama Boosts Stake in Kilroy Realty Co. (NYSE:KRC)

Retirement Systems of Alabama increased its position in Kilroy Realty Co. (NYSE:KRC) by 0.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 313,378 shares of the real estate investment trust’s stock after acquiring an additional 480 shares during the period. Retirement Systems of Alabama’s holdings in Kilroy Realty were worth $12,485,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Coldstream Capital Management Inc. boosted its position in shares of Kilroy Realty by 4.3% in the third quarter. Coldstream Capital Management Inc. now owns 8,284 shares of the real estate investment trust’s stock worth $262,000 after acquiring an additional 342 shares during the last quarter. Covestor Ltd lifted its position in shares of Kilroy Realty by 23.8% during the third quarter. Covestor Ltd now owns 1,933 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 372 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Kilroy Realty by 15.9% during the third quarter. EverSource Wealth Advisors LLC now owns 2,800 shares of the real estate investment trust’s stock worth $89,000 after acquiring an additional 384 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Kilroy Realty by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 31,680 shares of the real estate investment trust’s stock valued at $1,001,000 after buying an additional 429 shares during the last quarter. Finally, Fifth Third Bancorp raised its stake in shares of Kilroy Realty by 28.1% in the 3rd quarter. Fifth Third Bancorp now owns 2,464 shares of the real estate investment trust’s stock valued at $78,000 after purchasing an additional 540 shares in the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.

Kilroy Realty Stock Down 1.8 %

KRC stock opened at $33.20 on Thursday. Kilroy Realty Co. has a 1 year low of $25.99 and a 1 year high of $43.37. The company has a fifty day simple moving average of $34.98 and a 200 day simple moving average of $35.17. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 0.87. The firm has a market cap of $3.90 billion, a PE ratio of 18.44, a PEG ratio of 2.51 and a beta of 1.02.

Kilroy Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 29th were paid a $0.54 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $2.16 annualized dividend and a dividend yield of 6.51%. Kilroy Realty’s payout ratio is 120.00%.

Wall Street Analysts Forecast Growth

KRC has been the topic of a number of recent research reports. Royal Bank of Canada downgraded shares of Kilroy Realty from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $44.00 to $39.00 in a research report on Friday, March 8th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Kilroy Realty in a research note on Tuesday, January 30th. They issued a “hold” rating and a $40.00 price objective for the company. Barclays initiated coverage on Kilroy Realty in a report on Wednesday, March 27th. They issued an “equal weight” rating and a $38.00 target price for the company. Finally, KeyCorp reduced their price objective on Kilroy Realty from $47.00 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday, February 28th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Kilroy Realty presently has a consensus rating of “Hold” and a consensus target price of $39.00.

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.