2,707,102 Shares in Kilroy Realty Co. (NYSE:KRC) Acquired by Rush Island Management LP

Rush Island Management LP bought a new position in shares of Kilroy Realty Co. (NYSE:KRC) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 2,707,102 shares of the real estate investment trust’s stock, valued at approximately $109,502,000. Kilroy Realty accounts for approximately 7.3% of Rush Island Management LP’s portfolio, making the stock its 7th largest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KRC. Norges Bank acquired a new stake in Kilroy Realty during the 4th quarter worth approximately $366,356,000. Bamco Inc. NY acquired a new stake in shares of Kilroy Realty in the fourth quarter valued at about $58,747,000. Northern Trust Corp grew its stake in shares of Kilroy Realty by 107.5% in the fourth quarter. Northern Trust Corp now owns 2,096,471 shares of the real estate investment trust’s stock valued at $84,802,000 after buying an additional 1,085,914 shares in the last quarter. Deutsche Bank AG grew 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 valued at $32,987,000 after buying an additional 753,999 shares in the last quarter. Finally, Castle Hook Partners LP acquired a new stake in shares of Kilroy Realty in the fourth quarter valued at about $30,262,000. Institutional investors and hedge funds own 94.22% of the company’s stock.

Kilroy Realty Price Performance

Shares of NYSE KRC opened at $32.41 on Friday. Kilroy Realty Co. has a fifty-two week low of $27.07 and a fifty-two week high of $43.78. The business has a 50 day moving average price of $32.08 and a two-hundred day moving average price of $36.31. 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 firm has a market cap of $3.83 billion, a PE ratio of 18.31 and a beta of 1.16.

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

Kilroy Realty Dividend Announcement

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 6.66%. The ex-dividend date was Monday, March 31st. Kilroy Realty’s dividend payout ratio is presently 128.57%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on KRC shares. Barclays upgraded Kilroy Realty from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $42.00 to $44.00 in a research note on Thursday, February 27th. Evercore ISI lowered 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. JPMorgan Chase & Co. lowered their target price on Kilroy Realty from $49.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, April 2nd. The Goldman Sachs Group reiterated a “neutral” rating and issued a $36.00 target price (down previously from $42.00) on shares of Kilroy Realty in a research note on Friday, March 28th. Finally, Royal Bank of Canada lowered their target price on Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating for the company in a research note on Monday, March 10th. One 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. Based on data from MarketBeat, Kilroy Realty currently has an average rating of “Hold” and a consensus price target of $38.82.

Insiders Place Their Bets

In related news, EVP John Osmond sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $35.16, for a total value of $140,640.00. Following the sale, the executive vice president now owns 12,528 shares of the company’s stock, valued at approximately $440,484.48. This trade represents a 24.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Angela M. Aman purchased 2,797 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average cost of $35.45 per share, for a total transaction of $99,153.65. Following the acquisition, the chief executive officer now owns 2,797 shares in the company, valued at approximately $99,153.65. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 1.57% of the stock is currently owned by company insiders.

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.