Rush Island Management LP Acquires Shares of 2,707,102 Kilroy Realty Co. (NYSE:KRC)

Rush Island Management LP purchased a new position in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,707,102 shares of the real estate investment trust's stock, valued at approximately $109,502,000. Kilroy Realty makes up approximately 7.3% of Rush Island Management LP's portfolio, making the stock its 7th biggest position. Rush Island Management LP owned 2.29% of Kilroy Realty at the end of the most recent quarter.

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

Analyst Ratings Changes

Several brokerages have recently commented on KRC. Evercore ISI decreased their price target 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. Barclays raised Kilroy Realty from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $42.00 to $44.00 in a research note on Thursday, February 27th. Wells Fargo & Company lowered Kilroy Realty from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $43.00 to $35.00 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. Finally, KeyCorp reduced their target price 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $38.82.

Insider Activity at Kilroy Realty

In related news, insider A. Robert Paratte sold 6,000 shares of the company's stock in a transaction on Monday, March 24th. The stock was 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 directly owns 86,744 shares in the company, valued at approximately $3,013,486.56. This represents a 6.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Angela M. Aman purchased 2,797 shares of the company's stock in a transaction on Friday, February 28th. The shares were purchased 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 of the company's stock, valued at $99,153.65. The trade was 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.

Kilroy Realty Trading Up 2.8%

Shares of KRC opened at $32.41 on Friday. The stock has a fifty day moving average of $32.08 and a two-hundred day moving average of $36.31. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21. The company has a market capitalization of $3.83 billion, a PE ratio of 18.31 and a beta of 1.16. 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 announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.02 EPS for the quarter, missing analysts' consensus estimates of $1.03 by ($0.01). The business had revenue of $270.84 million during the quarter, compared to analysts' expectations of $274.90 million. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. Kilroy Realty's revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.11 EPS. As a group, analysts forecast that Kilroy Realty Co. will post 4 EPS for the current year.

Kilroy Realty Announces Dividend

The firm 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. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.16 annualized dividend and a yield of 6.66%. Kilroy Realty's payout ratio is currently 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.

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