Fifth Third Bancorp Boosts Holdings in Kilroy Realty Corporation $KRC

Fifth Third Bancorp lifted its stake in Kilroy Realty Corporation (NYSE:KRC) by 36.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,886 shares of the real estate investment trust’s stock after buying an additional 1,588 shares during the period. Fifth Third Bancorp’s holdings in Kilroy Realty were worth $202,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of KRC. GAMMA Investing LLC grew its position in shares of Kilroy Realty by 2,913.6% in the 1st quarter. GAMMA Investing LLC now owns 55,692 shares of the real estate investment trust’s stock valued at $1,700,000 after buying an additional 53,844 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Kilroy Realty by 7.8% in the 1st quarter. Parallel Advisors LLC now owns 5,539 shares of the real estate investment trust’s stock valued at $181,000 after buying an additional 401 shares during the last quarter. HF Advisory Group LLC grew its position in shares of Kilroy Realty by 24.2% in the 1st quarter. HF Advisory Group LLC now owns 48,505 shares of the real estate investment trust’s stock valued at $1,589,000 after buying an additional 9,462 shares during the last quarter. Vert Asset Management LLC grew its position in Kilroy Realty by 2.3% during the 1st quarter. Vert Asset Management LLC now owns 47,060 shares of the real estate investment trust’s stock worth $1,542,000 after purchasing an additional 1,060 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in Kilroy Realty by 885.8% during the 1st quarter. SG Americas Securities LLC now owns 68,973 shares of the real estate investment trust’s stock worth $2,260,000 after purchasing an additional 61,976 shares during the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.

Kilroy Realty Stock Down 0.8%

Shares of NYSE KRC opened at $42.25 on Wednesday. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.82. Kilroy Realty Corporation has a 52 week low of $27.07 and a 52 week high of $45.03. The firm has a 50-day moving average price of $40.46 and a 200 day moving average price of $35.82. The stock has a market capitalization of $5.00 billion, a price-to-earnings ratio of 22.96 and a beta of 1.26.

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

Kilroy Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Tuesday, September 30th will be paid a $0.54 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.16 annualized dividend and a dividend yield of 5.1%. Kilroy Realty’s dividend payout ratio (DPR) is 117.39%.

Wall Street Analyst Weigh In

KRC has been the topic of several research reports. Wells Fargo & Company raised their price objective on shares of Kilroy Realty from $33.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 27th. Royal Bank Of Canada raised their price objective on shares of Kilroy Realty from $39.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. BMO Capital Markets downgraded shares of Kilroy Realty from a “market perform” rating to an “underperform” rating and set a $35.00 price objective on the stock. in a research report on Wednesday, July 16th. Scotiabank raised shares of Kilroy Realty from a “sector underperform” rating to a “sector perform” rating and raised their price objective for the stock from $40.00 to $47.00 in a research report on Wednesday, September 17th. Finally, Zacks Research raised shares of Kilroy Realty to a “hold” rating in a research report on Friday, August 8th. Two 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, the stock presently has a consensus rating of “Hold” and a consensus price target of $39.45.

Insider Activity

In related news, EVP Eliott Trencher sold 3,997 shares of the firm’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $38.05, for a total value of $152,085.85. Following the completion of the sale, the executive vice president owned 43,826 shares in the company, valued at $1,667,579.30. This trade represents a 8.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of Kilroy Realty stock in a transaction dated 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 approximately $1,011,931.80. The trade was a 19.12% decrease in their position. The disclosure for this sale can be found here. 2.49% of the stock is owned by company insiders.

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.