Acadian Asset Management LLC Has $122,000 Stock Position in Kilroy Realty Co. (NYSE:KRC)

Acadian Asset Management LLC raised its stake in Kilroy Realty Co. (NYSE:KRC) by 100.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 4,064 shares of the real estate investment trust’s stock after buying an additional 2,033 shares during the quarter. Acadian Asset Management LLC’s holdings in Kilroy Realty were worth $122,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Kilroy Realty by 20.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 75,316 shares of the real estate investment trust’s stock valued at $2,440,000 after acquiring an additional 12,876 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Kilroy Realty by 5.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,500,811 shares of the real estate investment trust’s stock valued at $48,626,000 after acquiring an additional 77,097 shares in the last quarter. Louisiana State Employees Retirement System increased its position in Kilroy Realty by 10.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 30,800 shares of the real estate investment trust’s stock valued at $927,000 after acquiring an additional 2,800 shares in the last quarter. M&G Investment Management Ltd. acquired a new stake in Kilroy Realty in the 2nd quarter valued at about $4,781,000. Finally, Lasalle Investment Management Securities LLC increased its position in Kilroy Realty by 10.2% in the 1st quarter. Lasalle Investment Management Securities LLC now owns 933,936 shares of the real estate investment trust’s stock valued at $30,260,000 after acquiring an additional 86,122 shares in the last quarter. Institutional investors and hedge funds own 94.22% of the company’s stock.

Insiders Place Their Bets

In other news, insider Heidi Rena Roth sold 4,200 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $31.78, for a total transaction of $133,476.00. Following the completion of the transaction, the insider now directly owns 58,127 shares of the company’s stock, valued at $1,847,276.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on KRC shares. Bank of America cut shares of Kilroy Realty from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 8th. Jefferies Financial Group raised Kilroy Realty from a “hold” rating to a “buy” rating and increased their target price for the company from $34.00 to $35.00 in a research note on Friday, October 13th. KeyCorp began coverage on Kilroy Realty in a research report on Monday, September 11th. They set an “overweight” rating and a $47.00 target price for the company. StockNews.com began coverage on shares of Kilroy Realty in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. Finally, Evercore ISI reduced their price objective on shares of Kilroy Realty from $43.00 to $39.00 in a research note on Monday, October 9th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $39.82.

Kilroy Realty Stock Performance

Shares of KRC opened at $30.97 on Tuesday. The firm has a market cap of $3.63 billion, a P/E ratio of 16.74, a PEG ratio of 3.84 and a beta of 0.96. Kilroy Realty Co. has a twelve month low of $25.99 and a twelve month high of $44.26. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.57 and a current ratio of 2.57. The firm’s 50 day moving average price is $30.83 and its two-hundred day moving average price is $31.68.

Kilroy Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 11th. Investors of record on Friday, September 29th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 6.97%. The ex-dividend date was Thursday, September 28th. Kilroy Realty’s payout ratio is presently 116.76%.

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.