Ontario Teachers Pension Plan Board Increases Stake in Kilroy Realty Co. (NYSE:KRC)

Ontario Teachers Pension Plan Board grew its stake in Kilroy Realty Co. (NYSE:KRC) by 11.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 69,660 shares of the real estate investment trust’s stock after buying an additional 7,298 shares during the quarter. Ontario Teachers Pension Plan Board owned 0.06% of Kilroy Realty worth $2,775,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in KRC. Principal Securities Inc. purchased a new position in shares of Kilroy Realty in the 4th quarter valued at about $33,000. Global Retirement Partners LLC boosted its stake in shares of Kilroy Realty by 458.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,006 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 826 shares during the period. GAMMA Investing LLC purchased a new stake in Kilroy Realty during the fourth quarter worth approximately $41,000. Covestor Ltd lifted its stake in Kilroy Realty by 23.8% during the third quarter. Covestor Ltd now owns 1,933 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 372 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in Kilroy Realty by 28.1% during the third quarter. Fifth Third Bancorp now owns 2,464 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 540 shares during the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on KRC shares. Royal Bank of Canada cut Kilroy Realty from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $44.00 to $39.00 in a research note on Friday, March 8th. Barclays initiated coverage on Kilroy Realty in a research report on Wednesday, March 27th. They set an “equal weight” rating and a $38.00 price target on the stock. KeyCorp cut their price target on Kilroy Realty from $47.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 28th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Kilroy Realty in a research report on Tuesday, January 30th. They set a “hold” rating and a $40.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $39.00.

Kilroy Realty Stock Performance

Shares of KRC traded down $0.84 during mid-day trading on Thursday, hitting $32.85. The stock had a trading volume of 292,588 shares, compared to its average volume of 1,049,941. The company has a market cap of $3.86 billion, a PE ratio of 19.36, a PEG ratio of 2.53 and a beta of 1.02. The company’s fifty day simple moving average is $34.40 and its two-hundred day simple moving average is $35.70. The company has a quick ratio of 3.30, a current ratio of 3.30 and a debt-to-equity ratio of 0.91. Kilroy Realty Co. has a fifty-two week low of $26.12 and a fifty-two week high of $43.37.

Kilroy Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 29th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.58%. The ex-dividend date of this dividend was Wednesday, March 27th. Kilroy Realty’s dividend payout ratio is presently 124.14%.

Insider Transactions at Kilroy Realty

In other news, insider A. Robert Paratte sold 12,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $33.35, for a total value of $400,200.00. Following the sale, the insider now owns 68,139 shares of the company’s stock, valued at approximately $2,272,435.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider A. Robert Paratte sold 12,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $33.35, for a total value of $400,200.00. Following the sale, the insider now owns 68,139 shares of the company’s stock, valued at approximately $2,272,435.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Merryl Elizabeth Werber sold 3,329 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $33.66, for a total value of $112,054.14. Following the completion of the sale, the chief accounting officer now directly owns 29,081 shares in the company, valued at approximately $978,866.46. The disclosure for this sale can be found here. Company insiders own 2.49% of the company’s stock.

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, Greater Seattle and Austin. The company has earned global recognition for sustainability, building operations, innovation and design.