Voya Investment Management LLC Increases Holdings in Kilroy Realty Corporation $KRC

Voya Investment Management LLC increased its holdings in shares of Kilroy Realty Corporation (NYSE:KRC) by 37.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 149,894 shares of the real estate investment trust’s stock after purchasing an additional 40,511 shares during the quarter. Voya Investment Management LLC owned 0.13% of Kilroy Realty worth $4,911,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Strs Ohio acquired a new stake in shares of Kilroy Realty during the 1st quarter worth about $9,575,000. Intrua Financial LLC increased its position in shares of Kilroy Realty by 8.3% during the 1st quarter. Intrua Financial LLC now owns 6,722 shares of the real estate investment trust’s stock worth $220,000 after purchasing an additional 513 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in shares of Kilroy Realty during the 1st quarter worth about $412,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Kilroy Realty by 0.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 152,846 shares of the real estate investment trust’s stock worth $5,007,000 after purchasing an additional 1,320 shares during the last quarter. Finally, United Services Automobile Association acquired a new stake in shares of Kilroy Realty during the 1st quarter worth about $229,000. 94.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KRC has been the subject of a number of recent analyst reports. Zacks Research raised Kilroy Realty to a “hold” rating in a research report on Friday, August 8th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $33.00 target price on shares of Kilroy Realty in a research report on Thursday, August 21st. Evercore ISI lifted their target price on Kilroy Realty from $42.00 to $46.00 and gave the company an “in-line” rating in a research report on Monday, September 8th. Barclays reaffirmed an “equal weight” rating and issued a $43.00 target price on shares of Kilroy Realty in a research report on Thursday, September 4th. Finally, Wells Fargo & Company lifted their target price on Kilroy Realty from $33.00 to $40.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 27th. Two research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $39.45.

Insider Activity at Kilroy Realty

In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 6,250 shares of Kilroy Realty stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $38.28, for a total transaction of $239,250.00. Following the transaction, the chief accounting officer owned 26,435 shares of the company’s stock, valued at $1,011,931.80. The trade was a 19.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Eliott Trencher sold 3,997 shares of Kilroy Realty stock in a transaction that occurred on 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 in the company, valued at approximately $1,667,579.30. This trade represents a 8.36% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.57% of the company’s stock.

Kilroy Realty Stock Performance

Shares of KRC opened at $44.41 on Friday. The stock has a 50-day simple moving average of $39.45 and a 200-day simple moving average of $35.23. The stock has a market capitalization of $5.25 billion, a PE ratio of 24.14 and a beta of 1.26. Kilroy Realty Corporation has a 1 year low of $27.07 and a 1 year high of $44.89. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.35 and a current ratio of 2.35.

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

Kilroy Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.54 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.16 annualized dividend and a yield of 4.9%. Kilroy Realty’s payout ratio is presently 117.39%.

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.