LPL Financial LLC Buys 4,345 Shares of Kilroy Realty Corporation $KRC

LPL Financial LLC grew its stake in shares of Kilroy Realty Corporation (NYSE:KRC) by 8.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 57,091 shares of the real estate investment trust’s stock after acquiring an additional 4,345 shares during the period. LPL Financial LLC’s holdings in Kilroy Realty were worth $1,870,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allworth Financial LP raised its stake in shares of Kilroy Realty by 192.1% during the first quarter. Allworth Financial LP now owns 964 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 634 shares in the last quarter. GF Fund Management CO. LTD. bought a new position in Kilroy Realty in the fourth quarter worth approximately $82,000. Fifth Third Bancorp raised its stake in Kilroy Realty by 70.4% in the first quarter. Fifth Third Bancorp now owns 4,298 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 1,775 shares in the last quarter. ProShare Advisors LLC bought a new position in Kilroy Realty in the fourth quarter worth approximately $201,000. Finally, United Capital Financial Advisors LLC bought a new position in Kilroy Realty in the fourth quarter worth approximately $218,000. Institutional investors own 94.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on KRC shares. JPMorgan Chase & Co. reduced their price objective on shares of 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 shares of 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 shares of Kilroy Realty to a “hold” rating in a research note on Friday, August 8th. Wells Fargo & Company reduced their price objective on shares of Kilroy Realty from $35.00 to $33.00 and set an “equal weight” rating for the company in a research note on Monday, May 19th. Finally, Scotiabank reduced their price objective on shares of Kilroy Realty from $38.00 to $37.00 and set a “sector underperform” rating for the company in a research note on Monday, July 14th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Kilroy Realty currently has an average rating of “Hold” and an average target price of $37.91.

Insider Buying and Selling at Kilroy Realty

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

Kilroy Realty Price Performance

Shares of KRC opened at $38.9350 on Thursday. The firm has a market capitalization of $4.61 billion, a PE ratio of 21.16 and a beta of 1.22. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.35 and a quick ratio of 2.35. Kilroy Realty Corporation has a 1-year low of $27.07 and a 1-year high of $43.78. The company’s fifty day moving average price is $36.53 and its 200-day moving average price is $34.27.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings data 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. The firm had revenue of $289.89 million for the quarter, compared to analyst estimates of $268.84 million. Kilroy Realty had a net margin of 19.29% and a return on equity of 3.92%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.10 earnings per share. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. On average, equities research analysts predict that Kilroy Realty Corporation will post 4 EPS for the current year.

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.