Freedom Investment Management Inc. Has $484,000 Stake in Kilroy Realty Corporation $KRC

Freedom Investment Management Inc. trimmed its holdings in Kilroy Realty Corporation (NYSE:KRC) by 7.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,101 shares of the real estate investment trust’s stock after selling 1,075 shares during the period. Freedom Investment Management Inc.’s holdings in Kilroy Realty were worth $484,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KRC. Northern Trust Corp raised its position in shares of Kilroy Realty by 39.5% in the first quarter. Northern Trust Corp now owns 2,923,836 shares of the real estate investment trust’s stock valued at $95,785,000 after buying an additional 827,365 shares in the last quarter. Long Pond Capital LP acquired a new stake in shares of Kilroy Realty in the first quarter valued at approximately $24,183,000. MetLife Investment Management LLC raised its position in shares of Kilroy Realty by 566.3% in the first quarter. MetLife Investment Management LLC now owns 421,050 shares of the real estate investment trust’s stock valued at $13,794,000 after buying an additional 357,855 shares in the last quarter. Aberdeen Group plc raised its position in shares of Kilroy Realty by 956.9% in the second quarter. Aberdeen Group plc now owns 372,167 shares of the real estate investment trust’s stock valued at $12,769,000 after buying an additional 336,953 shares in the last quarter. Finally, Strs Ohio acquired a new stake in shares of Kilroy Realty in the first quarter valued at approximately $9,575,000. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KRC has been the subject of a number of analyst reports. Royal Bank Of Canada lifted their price target on shares of Kilroy Realty from $39.00 to $40.00 and gave the company a “sector perform” rating in a research report on Thursday, August 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of Kilroy Realty in a research note on Saturday. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $44.00 price objective (down from $46.00) on shares of Kilroy Realty in a research note on Friday, October 17th. BMO Capital Markets cut shares of Kilroy Realty from a “market perform” rating to an “underperform” rating and set a $35.00 price objective on the stock. in a research note on Wednesday, July 16th. Finally, Mizuho decreased their price objective on shares of Kilroy Realty from $43.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, July 14th. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $41.17.

Insiders Place Their Bets

In other Kilroy Realty news, EVP Eliott Trencher sold 3,997 shares of the business’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $38.05, for a total transaction of $152,085.85. Following the sale, the executive vice president owned 43,826 shares of the company’s stock, valued at approximately $1,667,579.30. The trade was a 8.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of the business’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $38.28, for a total transaction of $239,250.00. Following the sale, the chief accounting officer directly owned 26,435 shares in the company, valued at approximately $1,011,931.80. The trade was a 19.12% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.57% of the company’s stock.

Kilroy Realty Stock Performance

NYSE KRC opened at $40.88 on Friday. The firm’s fifty day moving average price is $41.68 and its two-hundred day moving average price is $36.85. The stock has a market cap of $4.84 billion, a PE ratio of 22.22 and a beta of 1.24. Kilroy Realty Corporation has a fifty-two week low of $27.07 and a fifty-two week high of $45.03. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.35 and a current ratio of 2.35.

Kilroy Realty (NYSE:KRC) last posted its earnings results on Monday, July 28th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.12. The firm had revenue of $289.89 million for the quarter, compared to analysts’ expectations of $268.84 million. Kilroy Realty had a net margin of 19.29% and a return on equity of 3.92%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.10 earnings per share. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. On average, equities analysts expect that Kilroy Realty Corporation will post 4 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 8th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend was Tuesday, September 30th. Kilroy Realty’s payout ratio is presently 117.39%.

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.