Waterfront Capital Partners LLC Makes New Investment in Kilroy Realty Co. (NYSE:KRC)

Waterfront Capital Partners LLC acquired 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 Securities and Exchange Commission (SEC). The institutional investor acquired 286,513 shares of the real estate investment trust's stock, valued at approximately $11,589,000. Kilroy Realty comprises approximately 2.1% of Waterfront Capital Partners LLC's holdings, making the stock its 23rd largest position. Waterfront Capital Partners LLC owned 0.24% of Kilroy Realty at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of Kilroy Realty during the 3rd quarter worth approximately $34,000. Versant Capital Management Inc raised its holdings in shares of Kilroy Realty by 14.8% in the 4th quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust's stock worth $105,000 after buying an additional 336 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Kilroy Realty by 25.4% during the fourth quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust's stock valued at $75,000 after acquiring an additional 374 shares during the period. CWA Asset Management Group LLC boosted its position in Kilroy Realty by 22.3% in the fourth quarter. CWA Asset Management Group LLC now owns 15,038 shares of the real estate investment trust's stock valued at $608,000 after buying an additional 2,737 shares in the last quarter. Finally, Oliver Luxxe Assets LLC raised its stake in shares of Kilroy Realty by 4.3% in the fourth quarter. Oliver Luxxe Assets LLC now owns 61,960 shares of the real estate investment trust's stock valued at $2,506,000 after acquiring an additional 2,578 shares during the last quarter. Institutional investors own 94.22% of the company's stock.

Insider Buying and Selling at Kilroy Realty

In related news, EVP John Osmond sold 4,000 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $35.16, for a total transaction of $140,640.00. Following the completion of the transaction, the executive vice president now directly owns 12,528 shares of the company's stock, valued at approximately $440,484.48. This represents a 24.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider A. Robert Paratte sold 6,000 shares of the business's stock in a transaction that occurred 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 transaction, the insider now directly owns 86,744 shares in the company, valued at $3,013,486.56. This trade represents a 6.47 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.49% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on KRC shares. Royal Bank of Canada dropped their price target on Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating for the company in a report on Monday, March 10th. Jefferies Financial Group initiated coverage on Kilroy Realty in a research note on Monday, March 17th. They issued a "hold" rating and a $34.00 target price for the company. Mizuho reiterated 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 restated 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. Finally, Evercore ISI reduced their target price on shares of Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating on the stock 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 MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $38.82.

Kilroy Realty Trading Down 0.6 %

Shares of KRC traded down $0.20 during trading hours on Friday, reaching $32.39. The stock had a trading volume of 590,346 shares, compared to its average volume of 1,225,170. The firm has a 50-day moving average of $32.71 and a 200 day moving average of $37.18. 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 company has a market cap of $3.83 billion, a P/E ratio of 18.30 and a beta of 1.04. Kilroy Realty Co. has a 52 week low of $27.07 and a 52 week high of $43.78.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating 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, sell-side analysts expect that Kilroy Realty Co. will post 4 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 6.67%. The ex-dividend date was Monday, March 31st. Kilroy Realty's dividend payout ratio (DPR) is presently 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.