Illinois Municipal Retirement Fund Has $2.66 Million Holdings in Kilroy Realty Co. (NYSE:KRC)

Illinois Municipal Retirement Fund trimmed its stake in Kilroy Realty Co. (NYSE:KRC) by 15.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,631 shares of the real estate investment trust’s stock after selling 11,703 shares during the period. Illinois Municipal Retirement Fund’s holdings in Kilroy Realty were worth $2,655,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC grew its position in Kilroy Realty by 4,454.4% during the third quarter. International Assets Investment Management LLC now owns 13,390 shares of the real estate investment trust’s stock worth $518,000 after buying an additional 13,096 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Kilroy Realty by 24.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,288 shares of the real estate investment trust’s stock worth $246,000 after acquiring an additional 1,251 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in shares of Kilroy Realty by 19.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 46,597 shares of the real estate investment trust’s stock worth $1,768,000 after purchasing an additional 7,533 shares in the last quarter. abrdn plc increased its position in shares of Kilroy Realty by 9.0% during the third quarter. abrdn plc now owns 23,661 shares of the real estate investment trust’s stock valued at $916,000 after purchasing an additional 1,962 shares during the period. Finally, Van ECK Associates Corp increased its position in shares of Kilroy Realty by 11.7% during the third quarter. Van ECK Associates Corp now owns 23,178 shares of the real estate investment trust’s stock valued at $961,000 after purchasing an additional 2,428 shares during the period. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on KRC. Mizuho reaffirmed a “neutral” rating and issued a $43.00 target price (down from $45.00) on shares of Kilroy Realty in a research report on Tuesday, January 7th. Jefferies Financial Group downgraded shares of Kilroy Realty from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $45.00 to $41.00 in a report on Thursday, January 2nd. The Goldman Sachs Group lowered their target price on shares of Kilroy Realty from $48.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Evercore ISI dropped their price target on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a research report on Wednesday, February 12th. Finally, Barclays raised Kilroy Realty from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $42.00 to $44.00 in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $41.45.

Kilroy Realty Stock Performance

NYSE KRC opened at $35.52 on Friday. Kilroy Realty Co. has a 1-year low of $30.71 and a 1-year high of $43.78. The company has a 50 day moving average of $37.68 and a 200-day moving average of $38.39. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of 20.07 and a beta of 1.02.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. On average, equities analysts forecast that Kilroy Realty Co. will post 4 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be paid a $0.54 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.08%. Kilroy Realty’s dividend payout ratio (DPR) is presently 122.03%.

Kilroy Realty 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.