Lighthouse Investment Partners LLC Takes Position in Kilroy Realty Co. (NYSE:KRC)

Lighthouse Investment Partners LLC bought a new position in Kilroy Realty Co. (NYSE:KRC) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 32,635 shares of the real estate investment trust’s stock, valued at approximately $1,320,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Deutsche Bank AG increased its stake in shares of Kilroy Realty by 1,226.2% in the fourth quarter. Deutsche Bank AG now owns 815,491 shares of the real estate investment trust’s stock worth $32,987,000 after purchasing an additional 753,999 shares in the last quarter. Crestline Management LP bought a new position in Kilroy Realty in the 4th quarter worth $10,847,000. Castle Hook Partners LP bought a new position in Kilroy Realty in the 4th quarter worth $30,262,000. Cetera Investment Advisers increased its stake in Kilroy Realty by 6.7% in the 4th quarter. Cetera Investment Advisers now owns 13,830 shares of the real estate investment trust’s stock worth $559,000 after buying an additional 874 shares in the last quarter. Finally, BROOKFIELD Corp ON bought a new stake in Kilroy Realty during the fourth quarter valued at about $8,126,000. Institutional investors own 94.22% of the company’s stock.

Insider Buying and Selling

In other news, insider A. Robert Paratte sold 6,000 shares of the stock in a transaction 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 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 legal filing with the SEC, which can be accessed through this link. Also, EVP John Osmond sold 4,000 shares of the 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 sale, the executive vice president now directly owns 12,528 shares in the company, valued at approximately $440,484.48. This represents a 24.20% decrease in their position. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by company insiders.

Kilroy Realty Trading Down 0.8%

KRC stock opened at $31.49 on Thursday. The firm has a fifty day moving average price of $32.10 and a 200 day moving average price of $36.38. Kilroy Realty Co. has a fifty-two week low of $27.07 and a fifty-two week high of $43.78. The firm has a market cap of $3.72 billion, a PE ratio of 17.79 and a beta of 1.16. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.02 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.01). Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. The business had revenue of $270.84 million for the quarter, compared to the consensus estimate of $274.90 million. During the same quarter last year, the business earned $1.11 EPS. Kilroy Realty’s revenue for the quarter was down 2.8% compared to the same quarter last year. Sell-side analysts anticipate that Kilroy Realty Co. will post 4 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Monday, March 31st were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.86%. The ex-dividend date was Monday, March 31st. Kilroy Realty’s payout ratio is 128.57%.

Analyst Ratings Changes

KRC has been the subject of a number of recent analyst reports. KeyCorp dropped their price objective on Kilroy Realty from $45.00 to $41.00 and set an “overweight” rating for the company in a research note on Monday, March 31st. The Goldman Sachs Group restated a “neutral” rating and issued a $36.00 price target (down from $42.00) on shares of Kilroy Realty in a research note on Friday, March 28th. Jefferies Financial Group initiated coverage on shares of Kilroy Realty in a research report on Monday, March 17th. They set a “hold” rating and a $34.00 price objective on the stock. Evercore ISI lowered 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 report on Wednesday, February 12th. Finally, Wells Fargo & Company cut shares of Kilroy Realty from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $43.00 to $35.00 in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $38.82.

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.