Kilroy Realty Corp (KRC) Stake Increased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System boosted its stake in Kilroy Realty Corp (NYSE:KRC) by 8.3% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 24,700 shares of the real estate investment trust’s stock after buying an additional 1,900 shares during the period. Louisiana State Employees Retirement System’s holdings in Kilroy Realty Corp were worth $1,780,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in Kilroy Realty Corp during the fourth quarter valued at about $327,343,000. Brookfield Asset Management Inc. purchased a new stake in Kilroy Realty Corp during the fourth quarter valued at about $150,064,000. Bank of Montreal Can boosted its stake in Kilroy Realty Corp by 707.1% in the first quarter. Bank of Montreal Can now owns 952,162 shares of the real estate investment trust’s stock valued at $68,632,000 after buying an additional 834,194 shares in the last quarter. Strs Ohio boosted its stake in Kilroy Realty Corp by 449.4% in the third quarter. Strs Ohio now owns 759,723 shares of the real estate investment trust’s stock valued at $52,686,000 after buying an additional 621,444 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in Kilroy Realty Corp during the fourth quarter valued at about $20,617,000. Institutional investors and hedge funds own 99.92% of the company’s stock.

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

Kilroy Realty Corp (NYSE:KRC) opened at 74.15 on Friday. The company’s 50 day moving average is $73.14 and its 200 day moving average is $72.85. Kilroy Realty Corp has a 12-month low of $59.90 and a 12-month high of $78.33. The company has a market cap of $6.91 billion, a price-to-earnings ratio of 24.97 and a beta of 0.77.

Kilroy Realty Corp (NYSE:KRC) last posted its quarterly earnings data on Monday, February 6th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.86 by $0.57. Kilroy Realty Corp had a net margin of 45.72% and a return on equity of 8.72%. The firm had revenue of $168.65 million for the quarter, compared to the consensus estimate of $163.31 million. During the same quarter last year, the firm earned $0.80 EPS. Analysts forecast that Kilroy Realty Corp will post $1.35 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 12th. Shareholders of record on Friday, March 31st were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date was Wednesday, March 29th. Kilroy Realty Corp’s dividend payout ratio (DPR) is 50.34%.

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A number of equities analysts have recently commented on KRC shares. Zacks Investment Research raised shares of Kilroy Realty Corp from a “sell” rating to a “hold” rating in a report on Saturday, February 11th. BMO Capital Markets reissued a “buy” rating and issued a $82.00 price target on shares of Kilroy Realty Corp in a report on Wednesday, April 5th. Evercore ISI raised shares of Kilroy Realty Corp from an “underperform” rating to an “in-line” rating and set a $76.00 price target on the stock in a report on Tuesday, March 28th. Royal Bank of Canada lowered shares of Kilroy Realty Corp from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $82.00 to $80.00 in a report on Tuesday, January 3rd. They noted that the move was a valuation call. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $76.00 price target (down previously from $80.00) on shares of Kilroy Realty Corp in a report on Monday, January 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $78.67.

About Kilroy Realty Corp

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.

5 Day Chart for NYSE:KRC

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