State of Alaska Department of Revenue Has $2.77 Million Stock Holdings in Kilroy Realty Co. (NYSE:KRC)

State of Alaska Department of Revenue raised its stake in Kilroy Realty Co. (NYSE:KRC) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,456 shares of the real estate investment trust’s stock after purchasing an additional 276 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.06% of Kilroy Realty worth $2,768,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB bought a new stake in Kilroy Realty in the third quarter valued at approximately $34,000. UMB Bank n.a. increased its holdings in shares of Kilroy Realty by 126.5% during the 3rd quarter. UMB Bank n.a. now owns 967 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 540 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Kilroy Realty by 33.6% during the 3rd 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 last quarter. Fifth Third Bancorp boosted its position in Kilroy Realty by 31.7% during the fourth 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 during the period. Finally, Versant Capital Management Inc increased its holdings in shares of Kilroy Realty by 14.8% in the fourth quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 336 shares during the last quarter. Institutional investors and hedge funds own 94.22% of the company’s stock.

Wall Street Analyst Weigh In

KRC has been the topic of several research analyst reports. Mizuho reissued a “neutral” rating and issued a $43.00 price target (down from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. Scotiabank lowered Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 target price on the stock. in a research note on Thursday, November 14th. Barclays reduced their price target on Kilroy Realty from $43.00 to $42.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Evercore ISI increased their price objective 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. Finally, Jefferies Financial Group cut shares of Kilroy Realty from a “buy” rating to a “hold” rating and reduced their target price for the company from $45.00 to $41.00 in a research report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Kilroy Realty has an average rating of “Hold” and a consensus target price of $40.70.

Kilroy Realty Stock Up 0.3 %

Shares of NYSE:KRC opened at $37.28 on Monday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.08 and a current ratio of 3.08. Kilroy Realty Co. has a 52-week low of $30.71 and a 52-week high of $43.78. The business’s 50 day simple moving average is $39.39 and its two-hundred day simple moving average is $38.43. The firm has a market cap of $4.40 billion, a P/E ratio of 22.32 and a beta of 1.02.

Kilroy Realty Dividend Announcement

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

Insider Activity

In other news, insider Heidi Rena Roth sold 12,000 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.28, for a total value of $507,360.00. Following the completion of the sale, the insider now owns 50,211 shares in the company, valued at $2,122,921.08. This represents a 19.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.49% of the company’s stock.

Kilroy Realty Company 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.