674,244 Shares in Kilroy Realty Co. (NYSE:KRC) Purchased by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. bought a new position in Kilroy Realty Co. (NYSE:KRC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 674,244 shares of the real estate investment trust's stock, valued at approximately $27,273,000. Balyasny Asset Management L.P. owned approximately 0.57% of Kilroy Realty as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of KRC. Norges Bank bought a new position in shares of Kilroy Realty in the 4th quarter valued at approximately $366,356,000. Bamco Inc. NY acquired a new position in Kilroy Realty during the fourth quarter valued at approximately $58,747,000. Northern Trust Corp raised its position in shares of Kilroy Realty by 107.5% in the fourth quarter. Northern Trust Corp now owns 2,096,471 shares of the real estate investment trust's stock valued at $84,802,000 after purchasing an additional 1,085,914 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in shares of Kilroy Realty by 29.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,003,920 shares of the real estate investment trust's stock worth $121,509,000 after buying an additional 680,870 shares during the last quarter. Finally, Landmark Investment Partners L.P. acquired a new position in Kilroy Realty in the 4th quarter valued at $24,912,000. Institutional investors own 94.22% of the company's stock.

Kilroy Realty Stock Performance

KRC traded up $0.51 during trading on Friday, reaching $31.64. 1,009,079 shares of the company's stock were exchanged, compared to its average volume of 1,228,727. Kilroy Realty Co. has a fifty-two week low of $27.07 and a fifty-two week high of $43.78. The company has a market capitalization of $3.74 billion, a P/E ratio of 17.88 and a beta of 1.16. 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 has a 50 day moving average price of $32.19 and a 200 day moving average price of $36.58.

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

Kilroy Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st were given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 6.83%. The ex-dividend date of this dividend was Monday, March 31st. Kilroy Realty's dividend payout ratio (DPR) is 122.03%.

Wall Street Analysts Forecast Growth

KRC has been the subject of a number of recent analyst reports. Royal Bank of Canada decreased their price target on shares of Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating for the company in a report on Monday, March 10th. Jefferies Financial Group began coverage on Kilroy Realty in a research note on Monday, March 17th. They set a "hold" rating and a $34.00 target price for the company. Evercore ISI dropped their price target on Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating on the stock in a research report on Wednesday, February 12th. Wells Fargo & Company cut Kilroy Realty from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $43.00 to $35.00 in a research report on Monday, March 10th. Finally, JPMorgan Chase & Co. dropped their target price 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 equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $38.82.

Insiders Place Their Bets

In related news, insider A. Robert Paratte sold 6,000 shares of the stock in a transaction that occurred 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 in the company, valued at $3,013,486.56. This represents a 6.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Angela M. Aman acquired 2,797 shares of the business's stock in a transaction on Friday, February 28th. The stock was acquired at an average price of $35.45 per share, with a total value of $99,153.65. Following the transaction, the chief executive officer now owns 2,797 shares in the company, valued at approximately $99,153.65. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.57% of the company's stock.

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