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

Crestline Management LP acquired a new stake in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 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 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Norges Bank bought a new position in Kilroy Realty during the fourth quarter worth $366,356,000. Principal Financial Group Inc. boosted its holdings in shares of Kilroy Realty by 4.7% in the 4th quarter. Principal Financial Group Inc. now owns 4,862,310 shares of the real estate investment trust's stock valued at $196,680,000 after buying an additional 218,163 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Kilroy Realty by 6.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,265,387 shares of the real estate investment trust's stock valued at $132,087,000 after buying an additional 193,291 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Kilroy Realty by 29.3% during 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 acquiring an additional 680,870 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Kilroy Realty by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,200,616 shares of the real estate investment trust's stock worth $89,015,000 after acquiring an additional 28,899 shares during the last quarter. Institutional investors own 94.22% of the company's stock.

Kilroy Realty Price Performance

Shares of NYSE:KRC traded up $0.51 during midday trading on Friday, reaching $31.64. The company's stock had a trading volume of 1,009,079 shares, compared to its average volume of 1,231,367. The business's fifty day simple moving average is $32.19 and its 200-day simple moving average is $36.54. 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 debt-to-equity ratio of 0.82, a current ratio of 2.21 and a quick ratio of 2.21. Kilroy Realty Co. has a fifty-two week low of $27.07 and a fifty-two week high of $43.78.

Kilroy Realty (NYSE:KRC - Get Free Report) last released its earnings results 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 for the quarter, compared to analyst estimates of $274.90 million. During the same quarter in the previous year, the company posted $1.11 earnings per share. The business's revenue for the quarter was down 2.8% on a year-over-year basis. As a group, equities research analysts expect that Kilroy Realty Co. will post 4 EPS for the current fiscal year.

Kilroy Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Monday, March 31st were issued a dividend of $0.54 per share. 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 dividend payout ratio is currently 128.57%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. KeyCorp lowered their target price on Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating for the company in a report on Monday, March 31st. Royal Bank of Canada dropped their price objective 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. Evercore ISI reduced their target price on shares of Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating for the company in a research note on Wednesday, February 12th. The Goldman Sachs Group restated a "neutral" rating and issued a $36.00 price target (down previously from $42.00) on shares of Kilroy Realty in a research note on Friday, March 28th. Finally, Barclays upgraded Kilroy Realty from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $42.00 to $44.00 in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $38.82.

Insider Buying and Selling at Kilroy Realty

In related news, insider A. Robert Paratte sold 6,000 shares of the firm's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $34.74, for a total value of $208,440.00. Following the completion of the transaction, the insider now owns 86,744 shares of the company's stock, valued at approximately $3,013,486.56. This trade represents a 6.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Angela M. Aman purchased 2,797 shares of the business's stock in a transaction on Friday, February 28th. The shares were acquired at an average cost of $35.45 per share, for a total transaction of $99,153.65. Following the completion of the transaction, the chief executive officer now directly owns 2,797 shares in the company, 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. 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.