Parallel Advisors LLC Decreases Stake in Kilroy Realty Corporation $KRC

Parallel Advisors LLC lessened its stake in Kilroy Realty Corporation (NYSE:KRC) by 31.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,775 shares of the real estate investment trust’s stock after selling 1,764 shares during the quarter. Parallel Advisors LLC’s holdings in Kilroy Realty were worth $130,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allworth Financial LP boosted its stake in shares of Kilroy Realty by 192.1% in the 1st quarter. Allworth Financial LP now owns 964 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 634 shares during the period. GF Fund Management CO. LTD. purchased a new position in shares of Kilroy Realty in the 4th quarter valued at about $82,000. PNC Financial Services Group Inc. raised its position in shares of Kilroy Realty by 22.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,346 shares of the real estate investment trust’s stock worth $110,000 after acquiring an additional 614 shares in the last quarter. Meeder Asset Management Inc. raised its position in shares of Kilroy Realty by 3,410.7% during the 1st quarter. Meeder Asset Management Inc. now owns 3,932 shares of the real estate investment trust’s stock worth $129,000 after acquiring an additional 3,820 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Kilroy Realty by 70.4% during the 1st quarter. Fifth Third Bancorp now owns 4,298 shares of the real estate investment trust’s stock worth $141,000 after acquiring an additional 1,775 shares in the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Insider Buying and Selling at Kilroy Realty

In related news, EVP Eliott Trencher sold 3,997 shares of Kilroy Realty stock in a transaction on Friday, August 8th. The stock was sold at an average price of $38.05, for a total transaction of $152,085.85. Following the completion of the transaction, the executive vice president directly owned 43,826 shares of the company’s stock, valued at approximately $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 can be accessed through this link. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of the business’s stock in a transaction on Wednesday, August 13th. The stock was 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 of the company’s stock, valued at approximately $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. Insiders own 2.49% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Barclays reissued an “equal weight” rating and set a $43.00 target price on shares of Kilroy Realty in a research report on Thursday, September 4th. Mizuho cut their target price on Kilroy Realty from $43.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, July 14th. BMO Capital Markets lowered Kilroy Realty from a “market perform” rating to an “underperform” rating and set a $35.00 target price on the stock. in a research report on Wednesday, July 16th. The Goldman Sachs Group reissued a “sell” rating and set a $33.00 target price on shares of Kilroy Realty in a research report on Thursday, August 21st. Finally, Zacks Research raised Kilroy Realty to a “hold” rating in a research report on Friday, August 8th. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $39.45.

Kilroy Realty Stock Performance

Shares of KRC stock opened at $44.38 on Wednesday. The stock has a fifty day moving average price of $39.88 and a 200 day moving average price of $35.47. The stock has a market cap of $5.25 billion, a PE ratio of 24.12 and a beta of 1.25. Kilroy Realty Corporation has a 1 year low of $27.07 and a 1 year high of $45.03. 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 issued its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.13 earnings per share (EPS) 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%.Kilroy Realty’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.10 earnings per share. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. Sell-side analysts forecast that Kilroy Realty Corporation will post 4 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

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