Retirement Systems of Alabama grew its holdings in shares of Kilroy Realty Corp (NYSE:KRC) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 269,680 shares of the real estate investment trust’s stock after buying an additional 3,550 shares during the quarter. Retirement Systems of Alabama owned 0.27% of Kilroy Realty worth $16,957,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of KRC. Matthew Goff Investment Advisor LLC acquired a new position in shares of Kilroy Realty during the third quarter valued at about $153,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Kilroy Realty during the third quarter valued at about $206,000. Qube Research & Technologies Ltd acquired a new position in shares of Kilroy Realty during the second quarter valued at about $280,000. NN Investment Partners Holdings N.V. acquired a new position in shares of Kilroy Realty during the third quarter valued at about $281,000. Finally, First Hawaiian Bank purchased a new position in Kilroy Realty during the third quarter worth about $307,000. Hedge funds and other institutional investors own 96.61% of the company’s stock.

Kilroy Realty stock opened at $66.78 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $6.60 billion, a P/E ratio of 18.44, a PEG ratio of 2.40 and a beta of 0.73. Kilroy Realty Corp has a fifty-two week low of $59.05 and a fifty-two week high of $77.73.

Kilroy Realty (NYSE:KRC) last released its earnings results on Wednesday, October 24th. The real estate investment trust reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.01. The firm had revenue of $186.56 million for the quarter, compared to analysts’ expectations of $183.32 million. Kilroy Realty had a net margin of 17.26% and a return on equity of 3.16%. As a group, research analysts anticipate that Kilroy Realty Corp will post 3.62 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be paid a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Friday, December 28th. Kilroy Realty’s payout ratio is 53.53%.

Several research analysts recently weighed in on KRC shares. Bank of America upgraded shares of Kilroy Realty from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $80.00 to $82.00 in a report on Tuesday, November 13th. Zacks Investment Research upgraded shares of Kilroy Realty from a “sell” rating to a “hold” rating in a report on Saturday, October 27th. Wells Fargo & Co cut shares of Kilroy Realty from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $82.00 to $72.00 in a report on Tuesday, December 11th. JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a “neutral” rating to an “overweight” rating in a report on Friday, October 5th. Finally, Scotiabank started coverage on shares of Kilroy Realty in a report on Tuesday, October 16th. They set a “sector perform” rating on the stock. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $77.75.

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About Kilroy Realty

Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast's premier landlords. The company has over 70 years of experience developing, acquiring and managing office and mixed-use real estate assets. The company provides physical work environments that foster creativity and productivity and serves a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies.

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

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