Acadian Asset Management LLC grew its stake in Kilroy Realty Co. (NYSE:KRC – Free Report) by 100.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,064 shares of the real estate investment trust’s stock after purchasing an additional 2,033 shares during the period. Acadian Asset Management LLC’s holdings in Kilroy Realty were worth $122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in the stock. Mirabella Financial Services LLP purchased a new stake in shares of Kilroy Realty in the second quarter valued at approximately $828,000. Parallel Advisors LLC grew its position in shares of Kilroy Realty by 44.9% in the second quarter. Parallel Advisors LLC now owns 4,573 shares of the real estate investment trust’s stock valued at $138,000 after purchasing an additional 1,417 shares in the last quarter. abrdn plc grew its position in shares of Kilroy Realty by 5.5% in the second quarter. abrdn plc now owns 23,174 shares of the real estate investment trust’s stock valued at $697,000 after purchasing an additional 1,204 shares in the last quarter. Quantinno Capital Management LP grew its position in shares of Kilroy Realty by 699.7% in the second quarter. Quantinno Capital Management LP now owns 60,686 shares of the real estate investment trust’s stock valued at $1,826,000 after purchasing an additional 53,097 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Kilroy Realty by 84.4% in the second quarter. EverSource Wealth Advisors LLC now owns 2,416 shares of the real estate investment trust’s stock valued at $73,000 after purchasing an additional 1,106 shares in the last quarter. 94.22% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on KRC shares. Bank of America cut Kilroy Realty from a “buy” rating to a “neutral” rating in a report on Tuesday, August 8th. StockNews.com started coverage on Kilroy Realty in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Evercore ISI decreased their price objective on Kilroy Realty from $43.00 to $39.00 in a report on Monday, October 9th. Mizuho decreased their price objective on Kilroy Realty from $48.00 to $40.00 and set a “buy” rating on the stock in a report on Wednesday, October 18th. Finally, The Goldman Sachs Group decreased their price target on Kilroy Realty from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, October 12th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $39.82.
Kilroy Realty Trading Up 0.1 %
Shares of KRC opened at $30.97 on Tuesday. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of 16.74, a price-to-earnings-growth ratio of 3.84 and a beta of 0.96. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.57 and a quick ratio of 2.57. Kilroy Realty Co. has a 1-year low of $25.99 and a 1-year high of $44.26. The firm has a 50 day simple moving average of $30.83 and a 200-day simple moving average of $31.68.
Kilroy Realty Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 11th. Shareholders of record on Friday, September 29th were paid a $0.54 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $2.16 annualized dividend and a yield of 6.97%. Kilroy Realty’s payout ratio is currently 116.76%.
Insiders Place Their Bets
In other Kilroy Realty news, insider Heidi Rena Roth sold 4,200 shares of Kilroy Realty stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $31.78, for a total value of $133,476.00. Following the completion of the sale, the insider now directly owns 58,127 shares of the company’s stock, valued at approximately $1,847,276.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.69% of the stock is owned by corporate insiders.
About Kilroy Realty
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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