State of New Jersey Common Pension Fund D increased its position in Kilroy Realty Corporation (NYSE:KRC) by 5.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 152,750 shares of the real estate investment trust’s stock after buying an additional 7,500 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Kilroy Realty Corporation were worth $11,479,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Public Employees Retirement Association of Colorado boosted its position in shares of Kilroy Realty Corporation by 0.6% in the first quarter. Public Employees Retirement Association of Colorado now owns 23,489 shares of the real estate investment trust’s stock worth $1,693,000 after buying an additional 132 shares during the period. 1st Global Advisors Inc. boosted its position in shares of Kilroy Realty Corporation by 2.5% in the first quarter. 1st Global Advisors Inc. now owns 7,117 shares of the real estate investment trust’s stock worth $513,000 after buying an additional 172 shares during the period. US Bancorp DE boosted its position in shares of Kilroy Realty Corporation by 2.4% in the first quarter. US Bancorp DE now owns 10,482 shares of the real estate investment trust’s stock worth $756,000 after buying an additional 248 shares during the period. Kissinger Financial Services LLC boosted its position in shares of Kilroy Realty Corporation by 1.8% in the second quarter. Kissinger Financial Services LLC now owns 16,760 shares of the real estate investment trust’s stock worth $1,259,000 after buying an additional 295 shares during the period. Finally, United Capital Financial Advisers LLC boosted its position in shares of Kilroy Realty Corporation by 3.5% in the first quarter. United Capital Financial Advisers LLC now owns 14,352 shares of the real estate investment trust’s stock worth $1,034,000 after buying an additional 488 shares during the period. 99.72% of the stock is currently owned by institutional investors and hedge funds.

Shares of Kilroy Realty Corporation (NYSE KRC) opened at 68.78 on Thursday. Kilroy Realty Corporation has a 12 month low of $65.77 and a 12 month high of $78.33. The company has a market capitalization of $6.76 billion, a price-to-earnings ratio of 49.99 and a beta of 0.74. The stock has a 50 day moving average price of $72.78 and a 200-day moving average price of $73.48.

Kilroy Realty Corporation (NYSE:KRC) last issued its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.01. Kilroy Realty Corporation had a return on equity of 4.11% and a net margin of 21.75%. The firm had revenue of $180.60 million for the quarter, compared to the consensus estimate of $178.63 million. During the same period in the prior year, the business posted $0.86 earnings per share. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. Analysts expect that Kilroy Realty Corporation will post $1.26 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 12th. Stockholders of record on Friday, June 30th were issued a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 2.47%. This is an increase from Kilroy Realty Corporation’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Wednesday, June 28th. Kilroy Realty Corporation’s dividend payout ratio is presently 122.30%.

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A number of brokerages have commented on KRC. BidaskClub raised Kilroy Realty Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Deutsche Bank AG lifted their price target on Kilroy Realty Corporation from $75.00 to $78.00 and gave the stock a “hold” rating in a research note on Thursday, May 25th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $80.00 price target on shares of Kilroy Realty Corporation in a research note on Thursday, July 6th. Finally, Zacks Investment Research cut Kilroy Realty Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $79.20.

In other news, insider Justin William Smart sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $76.66, for a total value of $766,600.00. Following the sale, the insider now directly owns 93,017 shares in the company, valued at $7,130,683.22. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 2.28% of the company’s stock.

Kilroy Realty Corporation Company 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 Corporation (NYSE:KRC)

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