Mercer Global Advisors Inc. ADV Has $1.94 Million Stock Position in Kilroy Realty Co. (NYSE:KRC)

Mercer Global Advisors Inc. ADV increased its position in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) by 466.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 48,062 shares of the real estate investment trust's stock after buying an additional 39,579 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Kilroy Realty were worth $1,944,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of KRC. Wilmington Savings Fund Society FSB bought a new stake in shares of Kilroy Realty in the third quarter worth $34,000. Summit Securities Group LLC acquired a new stake in Kilroy Realty in the 4th quarter valued at $49,000. GAMMA Investing LLC lifted its position in Kilroy Realty by 25.4% during the 4th quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust's stock worth $75,000 after buying an additional 374 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Kilroy Realty by 31.7% during the 4th quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust's stock worth $102,000 after buying an additional 607 shares during the last quarter. Finally, FIL Ltd boosted its stake in shares of Kilroy Realty by 52.4% during the 4th quarter. FIL Ltd now owns 3,442 shares of the real estate investment trust's stock worth $139,000 after buying an additional 1,184 shares during the last quarter. Institutional investors and hedge funds own 94.22% of the company's stock.

Kilroy Realty Stock Performance

Shares of Kilroy Realty stock traded down $0.33 during trading on Tuesday, reaching $32.05. The company's stock had a trading volume of 182,891 shares, compared to its average volume of 1,226,106. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.82. The business's 50-day moving average price is $32.16 and its 200-day moving average price is $36.44. Kilroy Realty Co. has a 52 week low of $27.07 and a 52 week high of $43.78. The firm has a market cap of $3.79 billion, a PE ratio of 18.11 and a beta of 1.16.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.03 by ($0.01). Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. The business had revenue of $270.84 million during the quarter, compared to the consensus estimate of $274.90 million. During the same period in the prior year, the firm earned $1.11 EPS. The business's revenue for the quarter was down 2.8% on a year-over-year basis. Equities analysts forecast that Kilroy Realty Co. will post 4 earnings per share for the current year.

Kilroy Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Monday, March 31st were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 6.74%. The ex-dividend date was Monday, March 31st. Kilroy Realty's dividend payout ratio (DPR) is currently 128.57%.

Insider Buying and Selling

In other news, insider A. Robert Paratte sold 6,000 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $34.74, for a total transaction of $208,440.00. Following the sale, the insider now directly owns 86,744 shares of the company's stock, valued at approximately $3,013,486.56. This represents a 6.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John Osmond sold 4,000 shares of the firm's stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $35.16, for a total value of $140,640.00. Following the completion of the transaction, the executive vice president now owns 12,528 shares in the company, valued at $440,484.48. The trade was a 24.20% decrease in their position. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

KRC has been the topic of several analyst reports. KeyCorp dropped their target price on Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating on the stock in a report on Monday, March 31st. Jefferies Financial Group assumed coverage on Kilroy Realty in a research note on Monday, March 17th. They set a "hold" rating and a $34.00 price objective on the stock. Royal Bank of Canada cut their price objective on Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating for the company in a report on Monday, March 10th. Evercore ISI lowered their target price on shares of Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating on the stock in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Kilroy Realty has an average rating of "Hold" and an average target price of $38.82.

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.