Texas Permanent School Fund Corp boosted its stake in Kilroy Realty Co. (NYSE:KRC – Free Report) by 33.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,503 shares of the real estate investment trust’s stock after buying an additional 23,785 shares during the quarter. Texas Permanent School Fund Corp owned approximately 0.08% of Kilroy Realty worth $3,062,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the business. CWM LLC lifted its stake in Kilroy Realty by 155.4% in the 1st quarter. CWM LLC now owns 1,060 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 645 shares in the last quarter. Signaturefd LLC lifted its stake in Kilroy Realty by 558.1% in the 1st quarter. Signaturefd LLC now owns 9,904 shares of the real estate investment trust’s stock worth $321,000 after purchasing an additional 8,399 shares in the last quarter. abrdn plc lifted its stake in Kilroy Realty by 5.3% in the 1st quarter. abrdn plc now owns 21,970 shares of the real estate investment trust’s stock worth $712,000 after purchasing an additional 1,114 shares in the last quarter. SG Americas Securities LLC lifted its stake in Kilroy Realty by 63.1% in the 1st quarter. SG Americas Securities LLC now owns 50,841 shares of the real estate investment trust’s stock worth $1,647,000 after purchasing an additional 19,662 shares in the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of Kilroy Realty by 2.7% during the 1st quarter. Arizona State Retirement System now owns 30,479 shares of the real estate investment trust’s stock worth $988,000 after buying an additional 799 shares during the last quarter. 92.93% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on KRC. Royal Bank of Canada cut their price target on shares of Kilroy Realty from $45.00 to $40.00 in a report on Tuesday, May 30th. JPMorgan Chase & Co. dropped their target price on shares of Kilroy Realty from $47.00 to $38.00 in a report on Thursday, June 15th. Finally, StockNews.com began coverage on shares of Kilroy Realty in a report on Thursday, May 18th. They issued a “hold” rating for the company. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $43.50.
Kilroy Realty Price Performance
Kilroy Realty Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 12th. Stockholders of record on Friday, June 30th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $2.16 annualized dividend and a dividend yield of 6.15%. Kilroy Realty’s dividend payout ratio (DPR) is currently 107.46%.
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, the Pacific Northwest and Austin, Texas. The company has earned global recognition for sustainability, building operations, innovation and design.
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