State of New Jersey Common Pension Fund D Raises Stock Holdings in Kilroy Realty Co. (NYSE:KRC)

State of New Jersey Common Pension Fund D boosted its stake in Kilroy Realty Co. (NYSE:KRC) by 6.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 158,363 shares of the real estate investment trust’s stock after acquiring an additional 9,420 shares during the period. State of New Jersey Common Pension Fund D owned 0.14% of Kilroy Realty worth $6,309,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in KRC. State of Alaska Department of Revenue raised its position in Kilroy Realty by 0.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 68,474 shares of the real estate investment trust’s stock worth $2,164,000 after buying an additional 338 shares during the last quarter. Coldstream Capital Management Inc. grew its holdings 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 valued at $262,000 after purchasing an additional 342 shares in the last quarter. Covestor Ltd grew its holdings in shares of Kilroy Realty by 23.8% in the third quarter. Covestor Ltd now owns 1,933 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 372 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Kilroy Realty by 15.9% in the third quarter. EverSource Wealth Advisors LLC now owns 2,800 shares of the real estate investment trust’s stock valued at $89,000 after purchasing an additional 384 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in Kilroy Realty by 1.4% during the third quarter. Arizona State Retirement System now owns 31,680 shares of the real estate investment trust’s stock worth $1,001,000 after buying an additional 429 shares during the period. Institutional investors own 94.22% of the company’s stock.

Analyst Upgrades and Downgrades

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

Kilroy Realty Price Performance

Shares of Kilroy Realty stock traded down $0.09 during midday trading on Friday, reaching $33.14. The company had a trading volume of 799,966 shares, compared to its average volume of 1,089,671. 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 company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 2.51 and a beta of 1.02. The stock has a fifty day simple moving average of $35.18 and a 200 day simple moving average of $35.04. Kilroy Realty Co. has a 1-year low of $25.99 and a 1-year high of $43.37.

Kilroy Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 29th were given a $0.54 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $2.16 annualized dividend and a yield of 6.52%. Kilroy Realty’s dividend payout ratio is currently 120.00%.

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.