Crestline Management LP boosted its holdings in Kilroy Realty Corp (NYSE:KRC) by 217.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 193,739 shares of the real estate investment trust’s stock after buying an additional 132,718 shares during the period. Kilroy Realty makes up 1.8% of Crestline Management LP’s portfolio, making the stock its 2nd biggest holding. Crestline Management LP’s holdings in Kilroy Realty were worth $12,182,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Barclays PLC increased its holdings in shares of Kilroy Realty by 106.8% in the 4th quarter. Barclays PLC now owns 429,942 shares of the real estate investment trust’s stock valued at $27,035,000 after acquiring an additional 222,080 shares during the last quarter. Cohen & Steers Inc. increased its holdings in shares of Kilroy Realty by 2.8% in the 4th quarter. Cohen & Steers Inc. now owns 10,927,244 shares of the real estate investment trust’s stock valued at $687,105,000 after acquiring an additional 293,246 shares during the last quarter. American International Group Inc. increased its holdings in shares of Kilroy Realty by 0.4% in the 4th quarter. American International Group Inc. now owns 205,327 shares of the real estate investment trust’s stock valued at $12,911,000 after acquiring an additional 791 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Kilroy Realty by 8.5% in the 4th quarter. Geode Capital Management LLC now owns 1,268,134 shares of the real estate investment trust’s stock valued at $79,740,000 after acquiring an additional 99,860 shares during the last quarter. Finally, California State Teachers Retirement System increased its holdings in shares of Kilroy Realty by 1.1% in the 4th quarter. California State Teachers Retirement System now owns 159,775 shares of the real estate investment trust’s stock valued at $10,047,000 after acquiring an additional 1,719 shares during the last quarter. 96.67% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Heidi Rena Roth sold 5,440 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $74.95, for a total transaction of $407,728.00. Following the completion of the transaction, the insider now owns 38,850 shares in the company, valued at approximately $2,911,807.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jeffrey C. Hawken sold 30,516 shares of the business’s stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $73.28, for a total value of $2,236,212.48. Following the transaction, the chief operating officer now owns 385,049 shares of the company’s stock, valued at approximately $28,216,390.72. The disclosure for this sale can be found here. Insiders have sold a total of 55,956 shares of company stock valued at $4,095,340 in the last 90 days. Insiders own 2.22% of the company’s stock.

A number of brokerages have recently weighed in on KRC. Goldman Sachs Group upgraded Kilroy Realty from a “neutral” rating to a “buy” rating and boosted their price target for the company from $80.00 to $81.00 in a report on Monday, March 11th. Robert W. Baird upgraded Kilroy Realty from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $82.00 to $86.00 in a report on Friday, March 1st. ValuEngine upgraded Kilroy Realty from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Zacks Investment Research upgraded Kilroy Realty from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. Finally, Wells Fargo & Co downgraded Kilroy Realty from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $82.00 to $72.00 in a report on Tuesday, December 11th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Kilroy Realty currently has an average rating of “Buy” and an average target price of $79.86.

NYSE:KRC opened at $74.80 on Friday. Kilroy Realty Corp has a 12-month low of $59.05 and a 12-month high of $77.73. The company has a market cap of $7.54 billion, a P/E ratio of 21.49, a P/E/G ratio of 2.79 and a beta of 0.83. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.70.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings data on Monday, February 4th. The real estate investment trust reported $0.78 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.11). Kilroy Realty had a net margin of 34.58% and a return on equity of 6.35%. The company had revenue of $190.80 million for the quarter, compared to analyst estimates of $185.19 million. During the same quarter in the prior year, the firm earned $0.85 EPS. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. Equities analysts expect that Kilroy Realty Corp will post 3.69 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 17th. Investors of record on Friday, March 29th will be given a dividend of $0.455 per share. The ex-dividend date is Thursday, March 28th. This represents a $1.82 dividend on an annualized basis and a yield of 2.43%. Kilroy Realty’s dividend payout ratio is currently 52.30%.

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Kilroy Realty Company Profile

Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast's premier landlords. The company has over 70 years of experience developing, acquiring and managing office and mixed-use real estate assets. The company provides physical work environments that foster creativity and productivity and serves a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies.

Read More: SEC Filing

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Institutional Ownership by Quarter for Kilroy Realty (NYSE:KRC)

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