State of Alaska Department of Revenue Purchases 276 Shares of Kilroy Realty Co. (NYSE:KRC)

State of Alaska Department of Revenue grew its holdings in shares of Kilroy Realty Co. (NYSE:KRC) by 0.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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’s holdings in Kilroy Realty were worth $2,768,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Victory Capital Management Inc. boosted its holdings in shares of Kilroy Realty by 585.2% in the third quarter. Victory Capital Management Inc. now owns 830,311 shares of the real estate investment trust’s stock worth $32,133,000 after acquiring an additional 709,126 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Kilroy Realty by 428.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 850,975 shares of the real estate investment trust’s stock worth $32,933,000 after purchasing an additional 689,962 shares in the last quarter. abrdn plc grew its holdings in Kilroy Realty by 1,592.3% during the 4th quarter. abrdn plc now owns 400,404 shares of the real estate investment trust’s stock valued at $16,216,000 after buying an additional 376,743 shares in the last quarter. Verition Fund Management LLC increased its position in shares of Kilroy Realty by 77.6% during the third quarter. Verition Fund Management LLC now owns 280,646 shares of the real estate investment trust’s stock valued at $10,861,000 after buying an additional 122,616 shares during the period. Finally, Daiwa Securities Group Inc. increased its position in shares of Kilroy Realty by 364.4% during the third quarter. Daiwa Securities Group Inc. now owns 155,291 shares of the real estate investment trust’s stock valued at $6,010,000 after buying an additional 121,853 shares during the period. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Insider Transactions at Kilroy Realty

In other Kilroy Realty news, insider Heidi Rena Roth sold 12,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total transaction of $507,360.00. Following the completion of the sale, the insider now owns 50,211 shares of the company’s stock, valued at approximately $2,122,921.08. The trade was a 19.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.49% of the stock is currently owned by company insiders.

Kilroy Realty Price Performance

Shares of NYSE:KRC opened at $37.28 on Monday. The firm’s 50 day moving average price is $39.39 and its 200-day moving average price is $38.43. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $4.40 billion, a PE ratio of 22.32 and a beta of 1.02. Kilroy Realty Co. has a twelve month low of $30.71 and a twelve month high of $43.78.

Kilroy Realty Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $45.00 to $49.00 in a research note on Friday, December 20th. Scotiabank lowered Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price objective for the company. in a research note on Thursday, November 14th. Jefferies Financial Group lowered Kilroy Realty from a “buy” rating to a “hold” rating and decreased their target price for the stock from $45.00 to $41.00 in a research note on Thursday, January 2nd. Evercore ISI lifted their price target on Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Finally, Barclays decreased their price objective on shares of Kilroy Realty from $43.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Kilroy Realty presently has an average rating of “Hold” and an average price target of $40.70.

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.