Landmark Investment Partners L.P. Invests $24.91 Million in Kilroy Realty Co. (NYSE:KRC)

Landmark Investment Partners L.P. acquired a new position in shares of Kilroy Realty Co. (NYSE:KRC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 615,867 shares of the real estate investment trust’s stock, valued at approximately $24,912,000. Kilroy Realty accounts for approximately 10.1% of Landmark Investment Partners L.P.’s portfolio, making the stock its 4th largest position. Landmark Investment Partners L.P. owned approximately 0.52% of Kilroy Realty at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank purchased a new stake in Kilroy Realty during the fourth quarter valued at about $366,356,000. Principal Financial Group Inc. raised its holdings in Kilroy Realty by 4.7% in the 4th quarter. Principal Financial Group Inc. now owns 4,862,310 shares of the real estate investment trust’s stock worth $196,680,000 after purchasing an additional 218,163 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Kilroy Realty by 6.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,265,387 shares of the real estate investment trust’s stock worth $132,087,000 after purchasing an additional 193,291 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in Kilroy Realty by 29.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,003,920 shares of the real estate investment trust’s stock valued at $121,509,000 after buying an additional 680,870 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Kilroy Realty by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,200,616 shares of the real estate investment trust’s stock valued at $89,015,000 after acquiring an additional 28,899 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on KRC. Royal Bank of Canada decreased their target price on shares of Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating on the stock in a research note on Monday, March 10th. KeyCorp reduced their target price on shares of Kilroy Realty from $45.00 to $41.00 and set an “overweight” rating on the stock in a research report on Monday, March 31st. Jefferies Financial Group began coverage on Kilroy Realty in a research note on Monday, March 17th. They set a “hold” rating and a $34.00 price objective for the company. Mizuho reaffirmed 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. Finally, Evercore ISI decreased 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 assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $38.82.

Kilroy Realty Trading Down 0.6 %

Shares of Kilroy Realty stock opened at $32.39 on Monday. 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 business has a fifty day simple moving average of $32.71 and a 200-day simple moving average of $37.18. 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 $3.83 billion, a price-to-earnings ratio of 18.30 and a beta of 1.04.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $1.20 EPS for the quarter, beating 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%. On average, equities analysts forecast that Kilroy Realty Co. will post 4 EPS for the current fiscal year.

Kilroy Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st were issued a $0.54 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.16 annualized dividend and a yield of 6.67%. Kilroy Realty’s dividend payout ratio is currently 122.03%.

Insider Buying and Selling

In other Kilroy Realty news, CEO Angela M. Aman acquired 2,797 shares of Kilroy Realty stock in a transaction that occurred on Friday, February 28th. The shares were bought 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 in the company, valued at $99,153.65. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John Osmond sold 4,000 shares of Kilroy Realty stock in a transaction 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 transaction, the executive vice president now directly owns 12,528 shares of the company’s stock, valued at $440,484.48. This 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 insiders.

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.