IFM Investors Pty Ltd Decreases Holdings in Kilroy Realty Corporation $KRC

IFM Investors Pty Ltd lessened its stake in shares of Kilroy Realty Corporation (NYSE:KRC) by 12.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,650 shares of the real estate investment trust’s stock after selling 3,458 shares during the period. IFM Investors Pty Ltd’s holdings in Kilroy Realty were worth $775,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. APG Asset Management US Inc. increased its holdings in Kilroy Realty by 5.3% during the first quarter. APG Asset Management US Inc. now owns 4,611,122 shares of the real estate investment trust’s stock worth $151,521,000 after buying an additional 230,236 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of Kilroy Realty by 3.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,103,487 shares of the real estate investment trust’s stock worth $101,671,000 after purchasing an additional 99,567 shares in the last quarter. Northern Trust Corp increased its stake in shares of Kilroy Realty by 39.5% in the first quarter. Northern Trust Corp now owns 2,923,836 shares of the real estate investment trust’s stock worth $95,785,000 after purchasing an additional 827,365 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Kilroy Realty by 0.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,216,791 shares of the real estate investment trust’s stock worth $72,622,000 after purchasing an additional 16,175 shares in the last quarter. Finally, Federated Hermes Inc. increased its stake in shares of Kilroy Realty by 5.9% in the first quarter. Federated Hermes Inc. now owns 1,382,605 shares of the real estate investment trust’s stock worth $45,294,000 after purchasing an additional 76,817 shares in the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Insider Activity at Kilroy Realty

In other Kilroy Realty news, EVP Eliott Trencher sold 3,997 shares of Kilroy Realty stock in a transaction that occurred 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 $1,667,579.30. The trade was a 8.36% decrease in their ownership of the stock. The sale 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 Kilroy Realty stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $38.28, for a total transaction of $239,250.00. Following the sale, the chief accounting officer owned 26,435 shares of the company’s stock, 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. Insiders own 1.57% of the company’s stock.

Wall Street Analyst Weigh In

KRC has been the subject of several recent research reports. Royal Bank Of Canada lifted their target price on shares of Kilroy Realty from $39.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 7th. Zacks Research upgraded shares of Kilroy Realty to a “hold” rating in a research note on Friday, August 8th. Barclays reiterated an “equal weight” rating and issued a $43.00 target price on shares of Kilroy Realty in a research note on Thursday, September 4th. Mizuho reduced their target price on shares of Kilroy Realty from $43.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, July 14th. Finally, Scotiabank lifted their target price on shares of Kilroy Realty from $37.00 to $40.00 and gave the stock a “sector underperform” rating in a research note on Thursday, August 28th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Kilroy Realty presently has an average rating of “Reduce” and an average target price of $38.82.

Kilroy Realty Price Performance

KRC stock opened at $43.21 on Friday. The firm has a 50 day moving average of $38.76 and a 200-day moving average of $34.99. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.82. Kilroy Realty Corporation has a 12 month low of $27.07 and a 12 month high of $43.78. The firm has a market capitalization of $5.11 billion, a P/E ratio of 23.48 and a beta of 1.26.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.12. Kilroy Realty had a net margin of 19.29% and a return on equity of 3.92%. The company had revenue of $289.89 million during the quarter, compared to analyst estimates of $268.84 million. During the same period last year, the business earned $1.10 earnings per share. Kilroy Realty’s revenue 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. As a group, sell-side analysts predict that Kilroy Realty Corporation will post 4 earnings per share for the current fiscal 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.