Crestline Management LP Invests $10.85 Million in Kilroy Realty Co. (NYSE:KRC)

Crestline Management LP purchased a new stake in Kilroy Realty Co. (NYSE:KRC - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 268,146 shares of the real estate investment trust's stock, valued at approximately $10,847,000. Crestline Management LP owned approximately 0.23% of Kilroy Realty at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in KRC. Wilmington Savings Fund Society FSB acquired a new stake in shares of Kilroy Realty in the third quarter valued at about $34,000. GAMMA Investing LLC raised its stake in shares of 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 valued at $75,000 after purchasing an additional 374 shares during the period. CWA Asset Management Group LLC lifted its position 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 purchasing an additional 2,737 shares in the last quarter. Oliver Luxxe Assets LLC lifted its position 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 in the last quarter. Finally, Green Alpha Advisors LLC grew 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 valued at $2,303,000 after purchasing an additional 10,126 shares in the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Kilroy Realty news, insider A. Robert Paratte sold 6,000 shares of the business's 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 completion of the transaction, the insider now owns 86,744 shares in the company, valued at approximately $3,013,486.56. The trade was a 6.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Angela M. Aman acquired 2,797 shares of the business's stock in a transaction that occurred on 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 completion of the purchase, the chief executive officer now owns 2,797 shares of the company's stock, valued at approximately $99,153.65. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.57% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on KRC. Evercore ISI cut their price objective 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. KeyCorp dropped their price objective on Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating on the stock in a report on Monday, March 31st. The Goldman Sachs Group reissued a "neutral" rating and set a $36.00 price target (down previously from $42.00) on shares of Kilroy Realty in a research report on Friday, March 28th. Royal Bank of Canada cut their price target on shares of Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating on the stock in a report on Monday, March 10th. Finally, Barclays raised shares of Kilroy Realty from an "equal weight" rating to an "overweight" rating and raised their price objective 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 given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $38.82.

Kilroy Realty Stock Performance

Shares of NYSE KRC traded up $0.51 during midday trading on Friday, hitting $31.64. The company's stock had a trading volume of 1,009,079 shares, compared to its average volume of 1,228,727. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21. Kilroy Realty Co. has a 1-year low of $27.07 and a 1-year high of $43.78. The firm's fifty day moving average price is $32.19 and its 200-day moving average price is $36.58. The firm 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 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). The company had revenue of $270.84 million for 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 firm's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period last year, the company posted $1.11 earnings per share. On average, sell-side analysts forecast that Kilroy Realty Co. will post 4 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders 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 was Monday, March 31st. Kilroy Realty's payout ratio is 122.03%.

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.