Pacer Advisors Inc. Boosts Stock Position in Kilroy Realty Co. (NYSE:KRC)

Pacer Advisors Inc. raised its position in shares of Kilroy Realty Co. (NYSE:KRC) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,835 shares of the real estate investment trust’s stock after purchasing an additional 402 shares during the quarter. Pacer Advisors Inc.’s holdings in Kilroy Realty were worth $641,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. KBC Group NV grew its stake in Kilroy Realty by 54.2% during the 4th quarter. KBC Group NV now owns 4,819 shares of the real estate investment trust’s stock valued at $195,000 after purchasing an additional 1,694 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Kilroy Realty by 29.3% in the 4th quarter. Blue Trust Inc. now owns 5,350 shares of the real estate investment trust’s stock valued at $207,000 after buying an additional 1,212 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Kilroy Realty by 31.7% in the 4th quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 607 shares during the period. Ballentine Partners LLC lifted its holdings in shares of Kilroy Realty by 3.1% in the 4th quarter. Ballentine Partners LLC now owns 19,316 shares of the real estate investment trust’s stock valued at $781,000 after buying an additional 583 shares during the period. Finally, HF Advisory Group LLC lifted its holdings in shares of Kilroy Realty by 39.2% in the 4th quarter. HF Advisory Group LLC now owns 39,043 shares of the real estate investment trust’s stock valued at $1,579,000 after buying an additional 10,985 shares during the period. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Kilroy Realty Price Performance

KRC stock opened at $37.52 on Tuesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 3.08. The business has a 50 day simple moving average of $39.87 and a 200-day simple moving average of $38.38. The firm has a market capitalization of $4.43 billion, a PE ratio of 22.47 and a beta of 1.02. Kilroy Realty Co. has a 1 year low of $30.71 and a 1 year high of $43.78.

Kilroy Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 31st were given a $0.54 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.16 annualized dividend and a yield of 5.76%. Kilroy Realty’s payout ratio is 129.34%.

Insider Buying and Selling

In other Kilroy Realty news, insider Heidi Rena Roth sold 12,000 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total transaction of $507,360.00. Following the transaction, the insider now directly owns 50,211 shares in the company, valued at $2,122,921.08. This represents a 19.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.49% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

KRC has been the subject of several analyst reports. Scotiabank cut Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price objective for the company. in a report on Thursday, November 14th. Evercore ISI boosted their price objective on Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. raised Kilroy Realty from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $45.00 to $49.00 in a report on Friday, December 20th. Mizuho reaffirmed a “neutral” rating and issued a $43.00 price target (down previously from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. Finally, Barclays reduced their price target on Kilroy Realty from $43.00 to $42.00 and set an “equal weight” rating for the company in a report on Monday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Kilroy Realty has an average rating of “Hold” and a consensus price target of $40.70.

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.