PNC Financial Services Group Inc. Raises Holdings in Kilroy Realty Corporation $KRC

PNC Financial Services Group Inc. boosted its position in Kilroy Realty Corporation (NYSE:KRC) by 22.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,346 shares of the real estate investment trust’s stock after purchasing an additional 614 shares during the period. PNC Financial Services Group Inc.’s holdings in Kilroy Realty were worth $110,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of KRC. Wells Fargo & Company MN increased its stake in Kilroy Realty by 7.5% in the 4th quarter. Wells Fargo & Company MN now owns 83,461 shares of the real estate investment trust’s stock valued at $3,376,000 after purchasing an additional 5,845 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Kilroy Realty by 39.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 29,230 shares of the real estate investment trust’s stock valued at $1,182,000 after purchasing an additional 8,313 shares in the last quarter. United Capital Financial Advisors LLC purchased a new position in Kilroy Realty in the 4th quarter valued at approximately $218,000. CANADA LIFE ASSURANCE Co increased its stake in Kilroy Realty by 3.4% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 248,567 shares of the real estate investment trust’s stock valued at $10,051,000 after purchasing an additional 8,111 shares in the last quarter. Finally, MetLife Investment Management LLC increased its stake in Kilroy Realty by 8.9% in the 4th quarter. MetLife Investment Management LLC now owns 63,195 shares of the real estate investment trust’s stock valued at $2,556,000 after purchasing an additional 5,190 shares in the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.

Kilroy Realty Price Performance

KRC stock opened at $39.0460 on Wednesday. Kilroy Realty Corporation has a 52-week low of $27.07 and a 52-week high of $43.78. The stock’s fifty day simple moving average is $36.47 and its 200-day simple moving average is $34.23. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 21.22 and a beta of 1.22.

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

Insiders Place Their Bets

In other Kilroy Realty news, EVP Eliott Trencher sold 3,997 shares of the firm’s stock in a transaction dated Friday, August 8th. The stock was 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 of the company’s stock, valued at $1,667,579.30. This trade represents a 8.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $38.28, for a total value of $239,250.00. Following the completion of the transaction, the chief accounting officer directly owned 26,435 shares in the company, valued at $1,011,931.80. This trade represents a 19.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.49% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Kilroy Realty from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Wednesday, July 2nd. BMO Capital Markets downgraded Kilroy Realty from a “market perform” rating to an “underperform” rating and set a $35.00 price objective for the company. in a research note on Wednesday, July 16th. Zacks Research raised Kilroy Realty to a “hold” rating in a research report on Friday, August 8th. Wells Fargo & Company dropped their price target on Kilroy Realty from $35.00 to $33.00 and set an “equal weight” rating for the company in a research report on Monday, May 19th. Finally, Mizuho dropped their price target on Kilroy Realty from $43.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, July 14th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $37.91.

Kilroy Realty Profile

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.