Landmark Investment Partners L.P. Purchases Shares of 615,867 Kilroy Realty Co. (NYSE:KRC)

Landmark Investment Partners L.P. bought a new position in Kilroy Realty Co. (NYSE:KRC - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 615,867 shares of the real estate investment trust's stock, valued at approximately $24,912,000. Kilroy Realty makes up 10.1% of Landmark Investment Partners L.P.'s investment portfolio, making the stock its 4th largest holding. Landmark Investment Partners L.P. owned approximately 0.52% of Kilroy Realty at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. State of Alaska Department of Revenue lifted its position in Kilroy Realty by 0.4% in the 4th quarter. State of Alaska Department of Revenue now owns 68,456 shares of the real estate investment trust's stock valued at $2,768,000 after acquiring an additional 276 shares in the last quarter. Choreo LLC lifted its holdings in shares of Kilroy Realty by 3.2% in the fourth quarter. Choreo LLC now owns 8,852 shares of the real estate investment trust's stock valued at $358,000 after purchasing an additional 278 shares in the last quarter. M&T Bank Corp boosted its position in shares of Kilroy Realty by 1.3% during the fourth quarter. M&T Bank Corp now owns 22,889 shares of the real estate investment trust's stock valued at $926,000 after buying an additional 293 shares during the last quarter. US Bancorp DE grew its holdings in Kilroy Realty by 3.4% during the fourth quarter. US Bancorp DE now owns 9,680 shares of the real estate investment trust's stock worth $392,000 after buying an additional 317 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its position in Kilroy Realty by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 51,388 shares of the real estate investment trust's stock valued at $2,079,000 after buying an additional 320 shares during the last quarter. Institutional investors own 94.22% of the company's stock.

Kilroy Realty Stock Performance

Shares of NYSE KRC traded up $0.44 during midday trading on Friday, hitting $32.40. The company's stock had a trading volume of 983,310 shares, compared to its average volume of 1,225,200. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of 18.31 and a beta of 1.04. 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 stock has a fifty day moving average price of $32.59 and a 200 day moving average price of $37.01. Kilroy Realty Co. has a one year low of $27.07 and a one year high of $43.78.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. On average, research analysts forecast that Kilroy Realty Co. will post 4 EPS for the current fiscal year.

Kilroy Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st were given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 6.67%. The ex-dividend date of this dividend was Monday, March 31st. Kilroy Realty's dividend payout ratio is presently 122.03%.

Insider Transactions at Kilroy Realty

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

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Royal Bank of Canada reduced their target price on shares of Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating for the company in a research note on Monday, March 10th. Jefferies Financial Group began coverage on Kilroy Realty in a research note on Monday, March 17th. They issued a "hold" rating and a $34.00 target price on the stock. Wells Fargo & Company cut Kilroy Realty from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $43.00 to $35.00 in a research report on Monday, March 10th. JPMorgan Chase & Co. decreased their target price on Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. Finally, Evercore ISI reduced 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Kilroy Realty currently 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.