Yousif Capital Management LLC Sells 606 Shares of Kilroy Realty Corporation $KRC

Yousif Capital Management LLC lessened its holdings in Kilroy Realty Corporation (NYSE:KRC) by 1.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 35,877 shares of the real estate investment trust’s stock after selling 606 shares during the period. Yousif Capital Management LLC’s holdings in Kilroy Realty were worth $1,231,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. American National Bank & Trust bought a new stake in Kilroy Realty in the second quarter worth $25,000. Allworth Financial LP increased its position in Kilroy Realty by 192.1% in the first quarter. Allworth Financial LP now owns 964 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 634 shares during the last quarter. UMB Bank n.a. increased its position in Kilroy Realty by 46.0% in the second quarter. UMB Bank n.a. now owns 1,694 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 534 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Kilroy Realty by 22.5% in the first quarter. PNC Financial Services Group Inc. now owns 3,346 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 614 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its position in Kilroy Realty by 3,410.7% during the first quarter. Meeder Asset Management Inc. now owns 3,932 shares of the real estate investment trust’s stock valued at $129,000 after acquiring an additional 3,820 shares during the last quarter. Institutional investors own 94.22% of the company’s stock.

Kilroy Realty Trading Up 0.7%

NYSE KRC opened at $40.58 on Tuesday. The company’s 50-day moving average price is $41.48 and its 200-day moving average price is $36.57. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.82. The stock has a market cap of $4.80 billion, a PE ratio of 22.06 and a beta of 1.24. Kilroy Realty Corporation has a 12 month low of $27.07 and a 12 month high of $45.03.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.13 EPS 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 business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.10 earnings per share. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. Equities research analysts forecast that Kilroy Realty Corporation will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

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

Insider Transactions at Kilroy Realty

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on KRC shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Kilroy Realty in a research note on Wednesday, October 8th. Scotiabank raised shares of Kilroy Realty from a “sector underperform” rating to a “sector perform” rating and increased their target price for the company from $40.00 to $47.00 in a research note on Wednesday, September 17th. Wells Fargo & Company increased their target price on shares of Kilroy Realty from $33.00 to $40.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 27th. New Street Research set a $45.00 target price on shares of Kilroy Realty in a research note on Monday, October 13th. Finally, Mizuho reduced their target price 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 investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $41.17.

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.