Waterfall Asset Management LLC Invests $1.31 Million in Kilroy Realty Co. (NYSE:KRC)

Waterfall Asset Management LLC acquired a new position in Kilroy Realty Co. (NYSE:KRC - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 42,000 shares of the real estate investment trust's stock, valued at approximately $1,309,000. Kilroy Realty comprises approximately 0.9% of Waterfall Asset Management LLC's investment portfolio, making the stock its 14th largest position.

Several other large investors have also recently bought and sold shares of KRC. Fidelis Capital Partners LLC bought a new stake in shares of Kilroy Realty during the first quarter worth $26,000. Wiser Advisor Group LLC raised its holdings in Kilroy Realty by 67.5% during the 1st quarter. Wiser Advisor Group LLC now owns 757 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 305 shares during the last quarter. Principal Securities Inc. acquired a new position in Kilroy Realty during the 4th quarter valued at about $33,000. Blue Trust Inc. boosted its stake in shares of Kilroy Realty by 1,322.9% in the 2nd quarter. Blue Trust Inc. now owns 1,366 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 1,270 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in shares of Kilroy Realty by 2,510.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,462 shares of the real estate investment trust's stock worth $46,000 after buying an additional 1,406 shares during the period. Institutional investors and hedge funds own 94.22% of the company's stock.

Kilroy Realty Stock Down 2.0 %

Shares of KRC traded down $0.80 during mid-day trading on Friday, hitting $39.99. 2,848,105 shares of the company's stock were exchanged, compared to its average volume of 1,054,660. The company has a 50-day simple moving average of $35.42 and a 200 day simple moving average of $34.23. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.61 and a quick ratio of 3.61. The company has a market cap of $4.69 billion, a PE ratio of 22.98 and a beta of 1.04. Kilroy Realty Co. has a 52 week low of $26.78 and a 52 week high of $43.37.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.67). The business had revenue of $280.73 million during the quarter, compared to analyst estimates of $276.81 million. Kilroy Realty had a net margin of 17.91% and a return on equity of 3.52%. The firm's quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.19 earnings per share. On average, research analysts forecast that Kilroy Realty Co. will post 4.25 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th will be paid a $0.54 dividend. The ex-dividend date is Monday, September 30th. This represents a $2.16 dividend on an annualized basis and a yield of 5.40%. Kilroy Realty's dividend payout ratio is 124.14%.

Wall Street Analysts Forecast Growth

KRC has been the topic of a number of recent research reports. Wells Fargo & Company reduced their price objective on shares of Kilroy Realty from $39.00 to $38.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 11th. KeyCorp decreased their price target on shares of Kilroy Realty from $45.00 to $42.00 and set an "overweight" rating for the company in a report on Tuesday, July 2nd. Scotiabank reduced their target price on Kilroy Realty from $41.00 to $38.00 and set a "sector perform" rating on the stock in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft cut their price objective on Kilroy Realty from $40.00 to $34.00 and set a "hold" rating on the stock in a report on Thursday, May 30th. Finally, Evercore ISI increased their target price on Kilroy Realty from $38.00 to $40.00 and gave the stock an "in-line" rating in a research note on Monday, September 16th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $38.40.

Insiders Place Their Bets

In other news, EVP John Osmond sold 2,628 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total value of $105,120.00. Following the completion of the sale, the executive vice president now owns 8,818 shares of the company's stock, valued at approximately $352,720. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CAO Merryl Elizabeth Werber sold 3,000 shares of Kilroy Realty stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total transaction of $117,420.00. Following the completion of the transaction, the chief accounting officer now owns 26,401 shares in the company, valued at $1,033,335.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John Osmond sold 2,628 shares of the business's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total value of $105,120.00. Following the transaction, the executive vice president now directly owns 8,818 shares in the company, valued at approximately $352,720. The disclosure for this sale can be found here. Insiders own 2.49% 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.