Castle Hook Partners LP Makes New Investment in Kilroy Realty Co. (NYSE:KRC)

Castle Hook Partners LP acquired a new stake in shares of Kilroy Realty Co. (NYSE:KRC) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 748,122 shares of the real estate investment trust’s stock, valued at approximately $30,262,000. Castle Hook Partners LP owned about 0.63% of Kilroy Realty as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Kilroy Realty in the 3rd quarter worth approximately $34,000. Summit Securities Group LLC bought a new position in Kilroy Realty in the 4th quarter worth approximately $49,000. GAMMA Investing LLC lifted its position in Kilroy Realty by 25.4% in the fourth quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust’s stock worth $75,000 after purchasing an additional 374 shares during the period. Fifth Third Bancorp boosted its stake in Kilroy Realty by 31.7% during the fourth quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 607 shares in the last quarter. Finally, FIL Ltd grew its stake in shares of Kilroy Realty by 52.4% in the 4th quarter. FIL Ltd now owns 3,442 shares of the real estate investment trust’s stock worth $139,000 after purchasing an additional 1,184 shares during the last quarter. Institutional investors and hedge funds own 94.22% of the company’s stock.

Analyst Ratings Changes

KRC has been the subject of several research reports. Wells Fargo & Company cut shares of Kilroy Realty from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $43.00 to $35.00 in a report on Monday, March 10th. Jefferies Financial Group began coverage on shares of Kilroy Realty in a research report on Monday, March 17th. They set a “hold” rating and a $34.00 target price on the stock. Evercore ISI decreased their price target 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. KeyCorp reduced their target price on shares of Kilroy Realty from $45.00 to $41.00 and set an “overweight” rating for the company in a research note on Monday, March 31st. Finally, JPMorgan Chase & Co. cut their price target on Kilroy Realty from $49.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $38.82.

Insiders Place Their Bets

In related news, CEO Angela M. Aman acquired 2,797 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was bought at an average price of $35.45 per share, for a total transaction of $99,153.65. Following the acquisition, the chief executive officer now directly owns 2,797 shares of the company’s stock, valued at approximately $99,153.65. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider A. Robert Paratte sold 6,000 shares of the 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 transaction, the insider now directly owns 86,744 shares of the company’s stock, valued at $3,013,486.56. This trade represents a 6.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.57% of the company’s stock.

Kilroy Realty Trading Down 1.9 %

KRC stock opened at $31.82 on Tuesday. The business has a fifty day moving average of $32.51 and a 200-day moving average of $36.81. 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 $3.76 billion, a P/E ratio of 17.98 and a beta of 1.16. Kilroy Realty Co. has a twelve month low of $27.07 and a twelve month high of $43.78.

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

Kilroy Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st were paid a $0.54 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $2.16 dividend on an annualized basis and a yield of 6.79%. Kilroy Realty’s payout ratio is 122.03%.

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.