Teacher Retirement System of Texas Sells 40,424 Shares of Kilroy Realty Corp (KRC)

Teacher Retirement System of Texas lessened its stake in shares of Kilroy Realty Corp (NYSE:KRC) by 54.5% during the 4th quarter, HoldingsChannel reports. The fund owned 33,737 shares of the real estate investment trust’s stock after selling 40,424 shares during the period. Teacher Retirement System of Texas’ holdings in Kilroy Realty were worth $2,518,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Timber Hill LLC bought a new stake in Kilroy Realty during the 3rd quarter valued at $215,000. Vident Investment Advisory LLC bought a new stake in Kilroy Realty during the 3rd quarter valued at $235,000. Lourd Capital LLC bought a new stake in Kilroy Realty during the 4th quarter valued at $290,000. Kemper Corp Master Retirement Trust boosted its position in Kilroy Realty by 66.7% during the 3rd quarter. Kemper Corp Master Retirement Trust now owns 4,000 shares of the real estate investment trust’s stock valued at $284,000 after acquiring an additional 1,600 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in Kilroy Realty during the 3rd quarter valued at $370,000. 96.40% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have issued reports on KRC shares. Robert W. Baird set a $75.00 target price on Kilroy Realty and gave the company a “hold” rating in a research report on Monday, February 5th. Zacks Investment Research raised Kilroy Realty from a “sell” rating to a “hold” rating in a research report on Saturday, October 28th. BMO Capital Markets reaffirmed a “buy” rating and set a $79.00 target price on shares of Kilroy Realty in a research report on Thursday, February 1st. JPMorgan Chase & Co. cut Kilroy Realty from an “overweight” rating to a “neutral” rating and set a $79.00 price objective for the company. in a research report on Friday, December 15th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $75.00 price objective on shares of Kilroy Realty in a research report on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $76.22.

Shares of Kilroy Realty Corp (NYSE KRC) opened at $67.71 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a market capitalization of $6,755.49, a price-to-earnings ratio of 20.07, a PEG ratio of 2.69 and a beta of 0.69. Kilroy Realty Corp has a 52-week low of $62.91 and a 52-week high of $78.33.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings data on Wednesday, January 31st. The real estate investment trust reported $0.85 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.85. The firm had revenue of $177.56 million during the quarter, compared to analysts’ expectations of $176.64 million. Kilroy Realty had a return on equity of 4.22% and a net margin of 22.90%. The business’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.87 EPS. research analysts expect that Kilroy Realty Corp will post 3.57 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 18th. Investors of record on Thursday, March 29th will be paid a $0.425 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.70 dividend on an annualized basis and a yield of 2.51%. Kilroy Realty’s dividend payout ratio (DPR) is 112.58%.

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Kilroy Realty Profile

Kilroy Realty Corporation is a real estate investment trust (REIT). The Company operates through the office properties segment. It operates in office and mixed-use submarkets along the West Coast. It owns, develops, acquires and manages real estate assets, consisting primarily of Class A properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and Greater Seattle.

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Institutional Ownership by Quarter for Kilroy Realty (NYSE:KRC)

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