Kilroy Realty Co. (NYSE:KRC) Shares Acquired by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board lifted its holdings in shares of Kilroy Realty Co. (NYSE:KRC) by 3.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 72,349 shares of the real estate investment trust’s stock after acquiring an additional 2,689 shares during the period. Ontario Teachers Pension Plan Board owned 0.06% of Kilroy Realty worth $2,636,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fidelis Capital Partners LLC acquired a new stake in shares of Kilroy Realty during the 1st quarter worth about $26,000. Principal Securities Inc. acquired a new stake in shares of Kilroy Realty during the 4th quarter worth about $33,000. Global Retirement Partners LLC raised its position in shares of Kilroy Realty by 458.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,006 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 826 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of Kilroy Realty during the 4th quarter worth about $41,000. Finally, Quest Partners LLC acquired a new stake in shares of Kilroy Realty during the 4th quarter worth about $87,000. Institutional investors and hedge funds own 94.22% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on KRC shares. KeyCorp dropped their price target on Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 2nd. Barclays started coverage on Kilroy Realty in a research note on Wednesday, March 27th. They set an “equal weight” rating and a $38.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Kilroy Realty from $40.00 to $34.00 and set a “hold” rating on the stock in a research note on Thursday, May 30th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $38.20.

Insider Activity at Kilroy Realty

In related news, CAO Merryl Elizabeth Werber sold 3,329 shares of Kilroy Realty stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $33.66, for a total value of $112,054.14. Following the sale, the chief accounting officer now directly owns 29,081 shares in the company, valued at $978,866.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider A. Robert Paratte sold 12,000 shares of Kilroy Realty stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $33.35, for a total transaction of $400,200.00. Following the completion of the transaction, the insider now directly owns 68,139 shares of the company’s stock, valued at $2,272,435.65. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Merryl Elizabeth Werber sold 3,329 shares of Kilroy Realty stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $33.66, for a total value of $112,054.14. Following the transaction, the chief accounting officer now directly owns 29,081 shares of the company’s stock, valued at $978,866.46. The disclosure for this sale can be found here. Company insiders own 2.49% of the company’s stock.

Kilroy Realty Stock Performance

Shares of KRC stock traded up $0.58 during midday trading on Monday, hitting $35.13. The company had a trading volume of 668,659 shares, compared to its average volume of 1,049,482. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.30 and a quick ratio of 3.30. Kilroy Realty Co. has a 52-week low of $26.78 and a 52-week high of $43.37. The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 19.86 and a beta of 1.04. The company’s 50 day simple moving average is $32.88 and its 200 day simple moving average is $34.82.

Kilroy Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Friday, June 28th were paid a $0.54 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.15%. Kilroy Realty’s dividend payout ratio (DPR) is presently 124.14%.

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.