Castle Hook Partners LP Invests $30.26 Million in Kilroy Realty Co. (NYSE:KRC)

Castle Hook Partners LP purchased a new position in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 748,122 shares of the real estate investment trust's stock, valued at approximately $30,262,000. Castle Hook Partners LP owned approximately 0.63% of Kilroy Realty at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new stake in Kilroy Realty in the 3rd quarter valued at approximately $34,000. GAMMA Investing LLC lifted its position in Kilroy Realty by 25.4% during the fourth quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust's stock worth $75,000 after acquiring an additional 374 shares during the last quarter. CWA Asset Management Group LLC boosted its holdings in shares of Kilroy Realty by 22.3% during the fourth quarter. CWA Asset Management Group LLC now owns 15,038 shares of the real estate investment trust's stock worth $608,000 after acquiring an additional 2,737 shares during the period. Oliver Luxxe Assets LLC increased its stake in shares of Kilroy Realty by 4.3% during the fourth quarter. Oliver Luxxe Assets LLC now owns 61,960 shares of the real estate investment trust's stock worth $2,506,000 after purchasing an additional 2,578 shares during the period. Finally, Green Alpha Advisors LLC lifted its holdings in Kilroy Realty by 21.6% during the 4th quarter. Green Alpha Advisors LLC now owns 56,926 shares of the real estate investment trust's stock worth $2,303,000 after purchasing an additional 10,126 shares during the last quarter. 94.22% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on KRC shares. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $36.00 target price (down previously from $42.00) on shares of Kilroy Realty in a report on Friday, March 28th. Wells Fargo & Company cut shares of Kilroy Realty from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $43.00 to $35.00 in a report on Monday, March 10th. KeyCorp cut their price target on shares of Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating for the company in a research note on Monday, March 31st. Evercore ISI cut their price target on shares of Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating for the company in a research report on Wednesday, February 12th. Finally, Barclays upgraded shares of Kilroy Realty from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $42.00 to $44.00 in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Kilroy Realty has a consensus rating of "Hold" and an average target price of $38.82.

Insider Activity at Kilroy Realty

In other news, EVP John Osmond sold 4,000 shares of the firm's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $35.16, for a total value of $140,640.00. Following the transaction, the executive vice president now directly owns 12,528 shares of the company's stock, valued at approximately $440,484.48. This trade represents a 24.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Angela M. Aman purchased 2,797 shares of Kilroy Realty stock in a transaction dated Friday, February 28th. The shares were bought at an average price of $35.45 per share, for a total transaction of $99,153.65. Following the acquisition, the chief executive officer now owns 2,797 shares in the company, valued at approximately $99,153.65. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.57% of the stock is currently owned by insiders.

Kilroy Realty Price Performance

Shares of NYSE:KRC traded up $0.51 during mid-day trading on Friday, reaching $31.64. The stock had a trading volume of 1,009,079 shares, compared to its average volume of 1,231,367. The business's 50 day moving average price is $32.19 and its 200 day moving average price is $36.54. Kilroy Realty Co. has a 1 year low of $27.07 and a 1 year high of $43.78. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82. The company has a market cap of $3.74 billion, a P/E ratio of 17.88 and a beta of 1.16.

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

Kilroy Realty Dividend Announcement

The business also recently announced 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 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 presently 128.57%.

Kilroy Realty 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.