Corient Private Wealth LP bought a new position in shares of Kilroy Realty Corporation (NYSE:KRC – Free Report) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 377,656 shares of the real estate investment trust’s stock, valued at approximately $14,152,000.
Several other large investors also recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Kilroy Realty during the 2nd quarter valued at about $581,003,000. Norges Bank acquired a new stake in Kilroy Realty during the 4th quarter worth approximately $340,131,000. Route One Investment Company L.P. acquired a new stake in Kilroy Realty during the 2nd quarter worth approximately $159,181,000. Rush Island Management LP lifted its stake in Kilroy Realty by 84.5% in the first quarter. Rush Island Management LP now owns 4,860,742 shares of the real estate investment trust’s stock valued at $137,122,000 after buying an additional 2,226,821 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of Kilroy Realty by 231.5% during the fourth quarter. Morgan Stanley now owns 2,643,973 shares of the real estate investment trust’s stock worth $98,805,000 after acquiring an additional 1,846,325 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors.
Kilroy Realty Price Performance
NYSE KRC opened at $36.24 on Friday. The firm’s 50 day moving average is $38.11 and its 200-day moving average is $34.28. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $4.22 billion, a PE ratio of 25.52 and a beta of 1.11. Kilroy Realty Corporation has a 12-month low of $27.36 and a 12-month high of $45.03.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the stock. Wall Street Zen raised shares of Kilroy Realty from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Barclays increased their target price on Kilroy Realty from $31.00 to $38.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. UBS Group set a $44.00 price target on Kilroy Realty in a report on Tuesday, June 16th. Citigroup upped their price objective on Kilroy Realty from $34.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Finally, JPMorgan Chase & Co. reduced their price objective on Kilroy Realty from $40.00 to $39.00 and set a “neutral” rating for the company in a research report on Tuesday, July 21st. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $39.13.
Read Our Latest Research Report on KRC
Insider Activity
In other news, President Justin William Smart sold 10,848 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $38.71, for a total transaction of $419,926.08. Following the completion of the transaction, the president directly owned 519,872 shares in the company, valued at $20,124,245.12. This represents a 2.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jolie A. Hunt sold 15,800 shares of the stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $37.79, for a total transaction of $597,082.00. Following the transaction, the director owned 13,892 shares of the company’s stock, valued at approximately $524,978.68. This represents a 53.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.83% of the company’s stock.
Kilroy Realty Company 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.
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