Caxton Associates LP Acquires New Stake in Kilroy Realty Co. (NYSE:KRC)

Caxton Associates LP acquired a new stake in Kilroy Realty Co. (NYSE:KRC) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 49,321 shares of the real estate investment trust’s stock, valued at approximately $1,797,000.

Other institutional investors have also added to or reduced their stakes in the company. Centersquare Investment Management LLC lifted its position in Kilroy Realty by 1.0% in the 1st quarter. Centersquare Investment Management LLC now owns 2,598,144 shares of the real estate investment trust’s stock valued at $87,817,000 after acquiring an additional 24,855 shares in the last quarter. Senvest Management LLC lifted its position in Kilroy Realty by 21.4% during the 4th quarter. Senvest Management LLC now owns 3,595,212 shares of the real estate investment trust’s stock worth $143,233,000 after buying an additional 634,136 shares in the last quarter. Sei Investments Co. lifted its position in Kilroy Realty by 139.4% during the 1st quarter. Sei Investments Co. now owns 693,552 shares of the real estate investment trust’s stock worth $25,266,000 after buying an additional 403,807 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Kilroy Realty by 33.8% during the 1st quarter. Russell Investments Group Ltd. now owns 134,103 shares of the real estate investment trust’s stock worth $4,885,000 after buying an additional 33,857 shares in the last quarter. Finally, APG Asset Management US Inc. lifted its position in Kilroy Realty by 5.0% during the 4th quarter. APG Asset Management US Inc. now owns 5,380,747 shares of the real estate investment trust’s stock worth $214,369,000 after buying an additional 255,835 shares in the last quarter. 94.22% of the stock is owned by institutional investors.

Insider Activity at Kilroy Realty

In related news, insider A. Robert Paratte sold 12,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $33.35, for a total value of $400,200.00. Following the transaction, the insider now owns 68,139 shares in the company, valued at approximately $2,272,435.65. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider A. Robert Paratte sold 12,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $33.35, for a total value of $400,200.00. Following the transaction, the insider now owns 68,139 shares in the company, valued at approximately $2,272,435.65. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Merryl Elizabeth Werber sold 3,329 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $33.66, for a total transaction of $112,054.14. Following the transaction, the chief accounting officer now owns 29,081 shares in the company, valued at approximately $978,866.46. The disclosure for this sale can be found here. 2.49% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on KRC. Deutsche Bank Aktiengesellschaft cut their price target on shares of Kilroy Realty from $40.00 to $34.00 and set a “hold” rating on the stock in a research report on Thursday, May 30th. KeyCorp cut their price target on shares of Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 2nd. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Kilroy Realty presently has a consensus rating of “Hold” and an average target price of $38.20.

Kilroy Realty Stock Performance

KRC traded down $0.28 on Tuesday, reaching $36.29. The company had a trading volume of 220,382 shares, compared to its average volume of 1,041,590. Kilroy Realty Co. has a fifty-two week low of $26.78 and a fifty-two week high of $43.37. The stock has a market cap of $4.26 billion, a P/E ratio of 20.86 and a beta of 1.04. The company’s fifty day moving average is $32.99 and its 200 day moving average is $34.61. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.30 and a current ratio of 3.30.

Kilroy Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Friday, June 28th were paid a $0.54 dividend. The ex-dividend date was Friday, June 28th. This represents a $2.16 dividend on an annualized basis and a yield of 5.95%. Kilroy Realty’s dividend payout ratio (DPR) is currently 124.14%.

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.