Principal Financial Group Inc. trimmed its position in Kilroy Realty Corporation (NYSE:KRC – Free Report) by 12.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,562,243 shares of the real estate investment trust’s stock after selling 666,423 shares during the quarter. Principal Financial Group Inc.’s holdings in Kilroy Realty were worth $128,701,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in Kilroy Realty during the fourth quarter worth about $340,131,000. M&T Bank Corp raised its stake in Kilroy Realty by 34,820.2% in the fourth quarter. M&T Bank Corp now owns 2,756,598 shares of the real estate investment trust’s stock valued at $103,014,000 after buying an additional 2,748,704 shares during the period. Morgan Stanley raised its stake in Kilroy Realty by 231.5% in the fourth quarter. Morgan Stanley now owns 2,643,973 shares of the real estate investment trust’s stock valued at $98,805,000 after buying an additional 1,846,325 shares during the period. Wellington Management Group LLP acquired a new stake in shares of Kilroy Realty in the third quarter valued at approximately $58,948,000. Finally, Situational Awareness LP acquired a new stake in shares of Kilroy Realty in the fourth quarter valued at approximately $49,616,000. 94.22% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on KRC. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $33.00 target price on shares of Kilroy Realty in a report on Tuesday, May 12th. Scotiabank raised their price target on Kilroy Realty from $37.00 to $38.00 and gave the company a “sector perform” rating in a report on Thursday, May 21st. Needham & Company LLC reaffirmed a “buy” rating on shares of Kilroy Realty in a research report on Monday, June 8th. Evercore upgraded shares of Kilroy Realty from an “in-line” rating to an “outperform” rating and set a $42.00 price objective on the stock in a report on Monday, June 8th. Finally, Wells Fargo & Company increased their price objective on shares of Kilroy Realty from $31.00 to $33.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Kilroy Realty presently has a consensus rating of “Hold” and an average price target of $37.87.
Insider Buying and Selling
In related news, Director Jolie A. Hunt sold 15,800 shares of the firm’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $37.79, for a total transaction of $597,082.00. Following the transaction, the director directly owned 13,892 shares of the company’s stock, valued at approximately $524,978.68. This trade represents a 53.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lauren N. Stadler sold 3,000 shares of Kilroy Realty stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $34.65, for a total transaction of $103,950.00. Following the completion of the sale, the insider owned 15,456 shares of the company’s stock, valued at $535,550.40. This trade represents a 16.25% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 29,648 shares of company stock valued at $1,120,958. 0.83% of the stock is owned by company insiders.
Kilroy Realty Price Performance
Kilroy Realty stock opened at $39.91 on Thursday. Kilroy Realty Corporation has a 12 month low of $27.36 and a 12 month high of $45.03. The stock’s 50 day moving average is $36.63 and its 200-day moving average is $34.02. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of 21.93 and a beta of 1.12.
Kilroy Realty (NYSE:KRC – Get Free Report) last released its quarterly earnings results on Monday, April 27th. The real estate investment trust reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.30). Kilroy Realty had a net margin of 19.59% and a return on equity of 3.89%. The firm had revenue of $270.05 million during the quarter, compared to the consensus estimate of $263.08 million. During the same quarter last year, the firm earned $1.02 earnings per share. The business’s revenue for the quarter was down .3% compared to the same quarter last year. Kilroy Realty has set its FY 2026 guidance at 3.490-3.630 EPS. Equities research analysts expect that Kilroy Realty Corporation will post 3.59 EPS for the current year.
Kilroy Realty Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Tuesday, June 30th were paid a $0.54 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.16 annualized dividend and a dividend yield of 5.4%. Kilroy Realty’s dividend payout ratio is 118.68%.
About Kilroy Realty
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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