Asset Management One Co. Ltd. Sells 6,163 Shares of Kilroy Realty Corporation $KRC

Asset Management One Co. Ltd. trimmed its position in Kilroy Realty Corporation (NYSE:KRC) by 3.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 151,633 shares of the real estate investment trust’s stock after selling 6,163 shares during the period. Asset Management One Co. Ltd. owned 0.13% of Kilroy Realty worth $5,203,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of KRC. Cambridge Investment Research Advisors Inc. raised its position in Kilroy Realty by 23.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,205 shares of the real estate investment trust’s stock worth $203,000 after purchasing an additional 1,168 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in Kilroy Realty during the 1st quarter worth $251,000. Sumitomo Mitsui Trust Group Inc. raised its position in Kilroy Realty by 0.8% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 179,816 shares of the real estate investment trust’s stock worth $5,891,000 after purchasing an additional 1,509 shares during the last quarter. Summit Trail Advisors LLC raised its position in Kilroy Realty by 4.3% during the 1st quarter. Summit Trail Advisors LLC now owns 16,945 shares of the real estate investment trust’s stock worth $562,000 after purchasing an additional 694 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new position in Kilroy Realty during the 1st quarter worth $537,000. 94.22% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KRC. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kilroy Realty in a research report on Wednesday, October 8th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $33.00 target price on shares of Kilroy Realty in a research report on Thursday, August 21st. New Street Research set a $45.00 target price on Kilroy Realty in a research report on Monday, October 13th. Wells Fargo & Company raised their target price on Kilroy Realty from $33.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 27th. 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, nine have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $41.17.

Kilroy Realty Stock Performance

Shares of Kilroy Realty stock opened at $41.97 on Wednesday. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.82. The business has a 50-day moving average price of $41.79 and a two-hundred day moving average price of $37.05. Kilroy Realty Corporation has a 1-year low of $27.07 and a 1-year high of $45.03. The company has a market cap of $4.96 billion, a P/E ratio of 15.49 and a beta of 1.24.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. Kilroy Realty had a return on equity of 5.78% and a net margin of 28.68%.The firm had revenue of $279.74 million during the quarter, compared to the consensus estimate of $271.24 million. During the same period last year, the business posted $1.17 EPS. The business’s revenue was down 3.5% compared to the same quarter last year. Kilroy Realty has set its FY 2025 guidance at 4.180-4.240 EPS. As a group, analysts anticipate that Kilroy Realty Corporation will post 4 EPS for the current year.

Kilroy Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 30th were paid a $0.54 dividend. The ex-dividend date was 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 currently 117.39%.

Insider Activity

In other news, EVP Eliott Trencher sold 3,997 shares of the firm’s stock in a transaction dated Friday, August 8th. The stock was 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 directly owned 43,826 shares in the company, valued at $1,667,579.30. This trade represents a 8.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $38.28, for a total value of $239,250.00. Following the completion of the sale, the chief accounting officer 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.49% of the company’s stock.

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.