KBC Group NV raised its position in Kilroy Realty Corporation (NYSE:KRC – Free Report) by 1,938.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 78,831 shares of the real estate investment trust’s stock after buying an additional 74,964 shares during the period. KBC Group NV’s holdings in Kilroy Realty were worth $2,224,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the business. Wiser Advisor Group LLC purchased a new stake in shares of Kilroy Realty during the third quarter worth about $32,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Kilroy Realty in the third quarter worth about $40,000. SJS Investment Consulting Inc. boosted its holdings in Kilroy Realty by 128.1% in the first quarter. SJS Investment Consulting Inc. now owns 1,715 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 963 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in Kilroy Realty in the fourth quarter valued at about $65,000. Finally, Horizon Investments LLC acquired a new stake in Kilroy Realty during the 4th quarter valued at approximately $65,000. 94.22% of the stock is currently owned by institutional investors and hedge funds.
Kilroy Realty Stock Up 2.8%
NYSE:KRC opened at $39.43 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.09 and a current ratio of 2.09. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of 21.67 and a beta of 1.12. Kilroy Realty Corporation has a one year low of $27.36 and a one year high of $45.03. The stock has a 50-day simple moving average of $37.32 and a 200 day simple moving average of $34.12.
Kilroy Realty Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Tuesday, June 30th were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date was Tuesday, June 30th. Kilroy Realty’s payout ratio is 118.68%.
Insider Activity at Kilroy Realty
In related news, President Justin William Smart sold 10,848 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $38.71, for a total transaction of $419,926.08. Following the sale, the president directly owned 519,872 shares of the company’s stock, valued at approximately $20,124,245.12. This represents a 2.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jolie A. Hunt sold 15,800 shares of the firm’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $37.79, for a total value of $597,082.00. Following the transaction, the director owned 13,892 shares in the company, valued at $524,978.68. This trade represents a 53.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 29,648 shares of company stock valued at $1,120,958. Corporate insiders own 0.83% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on KRC shares. UBS Group set a $44.00 price objective on Kilroy Realty in a report on Tuesday, June 16th. Barclays raised their price target on shares of Kilroy Realty from $31.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Mizuho lifted their price target on shares of Kilroy Realty from $29.00 to $34.00 and gave the stock an “underperform” rating in a research note on Tuesday. BMO Capital Markets lifted their price target on shares of Kilroy Realty from $34.00 to $38.00 and gave the stock a “market perform” rating in a research note on Monday, June 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of Kilroy Realty in a report on Monday, June 8th. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $38.87.
Check Out Our Latest Stock Analysis on Kilroy Realty
Kilroy Realty Profile
Kilroy Realty Corporation (NYSE: KRC) is a publicly traded real estate investment trust focused on the development, acquisition and management of high‐quality office and mixed‐use properties along the U.S. West Coast. The company’s portfolio encompasses major urban markets including Los Angeles, San Diego, the San Francisco Bay Area and Seattle. Kilroy Realty targets properties in transit‐oriented submarkets, blending workplace space with retail, residential and hospitality amenities to create vibrant, walkable neighborhoods.
Founded in the mid‐20th century by members of the Kilroy family, the company evolved from a regional landlord into one of the leading West Coast office landlords.
Further Reading
- Five stocks we like better than Kilroy Realty
- AMD and Cerbras Create A New Blueprint For Hardware
- Intel Earnings Reveal Whether the Chip Selloff Created a Buy
- CrowdStrike’s Cerebras Deal Puts Its AI Security Strategy to the Test
- Plugging In: How Kinder Morgan Powers Up Profits
Want to see what other hedge funds are holding KRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kilroy Realty Corporation (NYSE:KRC – Free Report).
Receive News & Ratings for Kilroy Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kilroy Realty and related companies with MarketBeat.com's FREE daily email newsletter.
