Waterfront Capital Partners LLC Invests $11.59 Million in Kilroy Realty Co. (NYSE:KRC)

Waterfront Capital Partners LLC purchased 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 filing with the SEC. The fund purchased 286,513 shares of the real estate investment trust's stock, valued at approximately $11,589,000. Kilroy Realty comprises 2.1% of Waterfront Capital Partners LLC's investment portfolio, making the stock its 23rd biggest holding. Waterfront Capital Partners LLC owned 0.24% of Kilroy Realty at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in Kilroy Realty in the third quarter valued at approximately $34,000. Summit Securities Group LLC purchased a new stake in shares of Kilroy Realty in the 4th quarter valued at $49,000. GAMMA Investing LLC increased its stake in shares of Kilroy Realty by 25.4% in the fourth quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust's stock worth $75,000 after acquiring an additional 374 shares during the period. Fifth Third Bancorp raised its holdings in shares of Kilroy Realty by 31.7% during the fourth quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust's stock worth $102,000 after purchasing an additional 607 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in Kilroy Realty by 14.8% during the fourth quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust's stock valued at $105,000 after purchasing an additional 336 shares during the period. 94.22% of the stock is owned by institutional investors and hedge funds.

Insider Activity 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 transaction of $208,440.00. Following the completion of the sale, the insider now directly 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Angela M. Aman bought 2,797 shares of the stock in a transaction dated 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 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. Company insiders own 2.49% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KRC. Jefferies Financial Group assumed coverage on shares of Kilroy Realty in a research note on Monday, March 17th. They set a "hold" rating and a $34.00 price objective on the stock. Mizuho restated a "neutral" rating and set a $43.00 price target (down previously from $45.00) on shares of Kilroy Realty in a research report on Tuesday, January 7th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $36.00 price objective (down previously from $42.00) on shares of Kilroy Realty in a research report on Friday, March 28th. Barclays upgraded Kilroy Realty from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $42.00 to $44.00 in a research report on Thursday, February 27th. Finally, Evercore ISI reduced their price target on Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating for the company in a report on Wednesday, February 12th. One investment 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. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $38.82.

Kilroy Realty Trading Down 1.8 %

Shares of KRC traded down $0.56 during midday trading on Wednesday, reaching $31.22. The company had a trading volume of 326,364 shares, compared to its average volume of 1,219,799. The firm has a 50 day simple moving average of $32.64 and a 200-day simple moving average of $37.10. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.82. The stock has a market cap of $3.69 billion, a PE ratio of 17.64 and a beta of 1.04. Kilroy Realty Co. has a 1-year low of $27.07 and a 1-year high of $43.78.

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

Kilroy Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st were given a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 6.92%. The ex-dividend date of this dividend 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.