Waterfront Capital Partners LLC Takes Position in Kilroy Realty Co. (NYSE:KRC)

Waterfront Capital Partners LLC acquired a new position in Kilroy Realty Co. (NYSE:KRC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 286,513 shares of the real estate investment trust’s stock, valued at approximately $11,589,000. Kilroy Realty accounts for approximately 2.1% of Waterfront Capital Partners LLC’s investment portfolio, making the stock its 23rd largest position. Waterfront Capital Partners LLC owned 0.24% of Kilroy Realty as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in KRC. Wilmington Savings Fund Society FSB bought a new position in Kilroy Realty in the 3rd quarter worth approximately $34,000. Versant Capital Management Inc increased 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 worth $105,000 after acquiring an additional 336 shares during the period. GAMMA Investing LLC raised its stake in Kilroy Realty by 25.4% during the 4th quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust’s stock valued at $75,000 after purchasing an additional 374 shares during the last quarter. CWA Asset Management Group LLC boosted its holdings in Kilroy Realty by 22.3% in the 4th quarter. CWA Asset Management Group LLC now owns 15,038 shares of the real estate investment trust’s stock valued at $608,000 after purchasing an additional 2,737 shares during the period. Finally, Oliver Luxxe Assets LLC grew its position in Kilroy Realty by 4.3% in the 4th quarter. Oliver Luxxe Assets LLC now owns 61,960 shares of the real estate investment trust’s stock worth $2,506,000 after purchasing an additional 2,578 shares during the last quarter. Institutional investors and hedge funds own 94.22% of the company’s stock.

Insider Activity at Kilroy Realty

In other Kilroy Realty news, insider A. Robert Paratte sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $34.74, for a total value of $208,440.00. Following the completion of the sale, the insider now owns 86,744 shares of the company’s stock, valued at approximately $3,013,486.56. This represents a 6.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John Osmond sold 4,000 shares of the business’s stock in a transaction on Tuesday, March 25th. The shares were 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 $440,484.48. This trade represents a 24.20 % decrease in their position. The disclosure for this sale can be found here. 2.49% of the stock is currently owned by corporate insiders.

Kilroy Realty Price Performance

Shares of KRC stock opened at $32.59 on Friday. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 18.41 and a beta of 1.04. Kilroy Realty Co. has a 12 month low of $27.07 and a 12 month high of $43.78. 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 50-day moving average price of $32.75 and a 200 day moving average price of $37.23.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.17. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. Research analysts expect that Kilroy Realty Co. will post 4 EPS for the current 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 dividend of $0.54 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.16 annualized dividend and a dividend yield of 6.63%. Kilroy Realty’s payout ratio is currently 122.03%.

Analysts Set New Price Targets

A number of brokerages have recently commented on KRC. Barclays raised shares of 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 report on Thursday, February 27th. 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. Jefferies Financial Group started coverage on Kilroy Realty in a report on Monday, March 17th. They set a “hold” rating and a $34.00 price objective on the stock. Evercore ISI cut their target price on Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a research note on Wednesday, February 12th. Finally, Mizuho reissued a “neutral” rating and issued a $43.00 price target (down previously from $45.00) on shares of Kilroy Realty in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $38.82.

About Kilroy Realty

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.