Lighthouse Investment Partners LLC Buys New Shares in Kilroy Realty Co. (NYSE:KRC)

Lighthouse Investment Partners LLC bought a new position in Kilroy Realty Co. (NYSE:KRC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 32,635 shares of the real estate investment trust's stock, valued at approximately $1,320,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Pictet Asset Management Holding SA raised its holdings in shares of Kilroy Realty by 4.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 38,520 shares of the real estate investment trust's stock worth $1,558,000 after purchasing an additional 1,747 shares during the period. US Bancorp DE lifted its stake in Kilroy Realty by 3.4% in the fourth quarter. US Bancorp DE now owns 9,680 shares of the real estate investment trust's stock valued at $392,000 after purchasing an additional 317 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in Kilroy Realty by 0.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 155,210 shares of the real estate investment trust's stock valued at $6,376,000 after purchasing an additional 956 shares during the last quarter. HF Advisory Group LLC lifted its stake in Kilroy Realty by 39.2% in the fourth quarter. HF Advisory Group LLC now owns 39,043 shares of the real estate investment trust's stock valued at $1,579,000 after purchasing an additional 10,985 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in Kilroy Realty by 29.3% in the fourth quarter. Blue Trust Inc. now owns 5,350 shares of the real estate investment trust's stock valued at $207,000 after purchasing an additional 1,212 shares during the last quarter. Hedge funds and other institutional investors own 94.22% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on KRC shares. KeyCorp dropped their price objective on Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating on the stock in a research note on Monday, March 31st. Wells Fargo & Company dropped their price objective on Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating on the stock in a research note on Monday. Barclays upgraded Kilroy Realty from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $42.00 to $44.00 in a research note on Thursday, February 27th. Evercore ISI dropped their price objective on Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating on the stock in a research note on Wednesday, February 12th. Finally, Jefferies Financial Group initiated coverage on shares of Kilroy Realty in a report on Monday, March 17th. They set a "hold" rating and a $34.00 target price on the stock. 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 stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $38.64.

Kilroy Realty Stock Performance

KRC stock traded up $0.14 during midday trading on Tuesday, reaching $33.11. 128,744 shares of the company's stock traded hands, compared to its average volume of 1,231,854. The company has a 50-day moving average price of $32.09 and a two-hundred day moving average price of $36.15. 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 52 week low of $27.07 and a 52 week high of $43.78. The firm has a market capitalization of $3.92 billion, a PE ratio of 18.69 and a beta of 1.16.

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

Kilroy Realty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st were issued a $0.54 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.16 annualized dividend and a dividend yield of 6.52%. Kilroy Realty's payout ratio is currently 128.57%.

Insider Transactions at Kilroy Realty

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

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.