Sumitomo Mitsui Trust Group Inc. Increases Stake in Kilroy Realty Corporation $KRC

Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Kilroy Realty Corporation (NYSE:KRC) by 0.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 181,434 shares of the real estate investment trust’s stock after acquiring an additional 1,618 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.15% of Kilroy Realty worth $6,225,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in KRC. Northern Trust Corp boosted its holdings in shares of Kilroy Realty by 39.5% during the 1st quarter. Northern Trust Corp now owns 2,923,836 shares of the real estate investment trust’s stock valued at $95,785,000 after acquiring an additional 827,365 shares during the last quarter. Long Pond Capital LP purchased a new stake in shares of Kilroy Realty during the 1st quarter valued at about $24,183,000. MetLife Investment Management LLC boosted its holdings in shares of Kilroy Realty by 566.3% during the 1st quarter. MetLife Investment Management LLC now owns 421,050 shares of the real estate investment trust’s stock valued at $13,794,000 after acquiring an additional 357,855 shares during the last quarter. Aberdeen Group plc boosted its holdings in shares of Kilroy Realty by 956.9% during the 2nd quarter. Aberdeen Group plc now owns 372,167 shares of the real estate investment trust’s stock valued at $12,769,000 after acquiring an additional 336,953 shares during the last quarter. Finally, Strs Ohio purchased a new stake in shares of Kilroy Realty during the 1st quarter valued at about $9,575,000. 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 the business’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $38.05, for a total value of $152,085.85. Following the sale, the executive vice president owned 43,826 shares in the company, 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 is accessible through this hyperlink. 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 transaction of $239,250.00. Following the completion of the sale, the chief accounting officer owned 26,435 shares in the company, valued at $1,011,931.80. This represents a 19.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.57% of the company’s stock.

Wall Street Analyst Weigh In

KRC has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kilroy Realty in a report on Wednesday, October 8th. 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 report on Wednesday, July 16th. 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 report on Wednesday, August 27th. The Goldman Sachs Group reissued a “sell” rating and issued a $33.00 price objective on shares of Kilroy Realty in a report on Thursday, August 21st. Finally, 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 report on Wednesday, September 17th. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $41.17.

Kilroy Realty Trading Down 2.0%

Kilroy Realty stock opened at $41.11 on Thursday. The stock has a market cap of $4.86 billion, a P/E ratio of 15.17 and a beta of 1.24. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.56 and a quick ratio of 2.35. Kilroy Realty Corporation has a 1 year low of $27.07 and a 1 year high of $45.03. The firm’s 50 day moving average price is $41.84 and its 200-day moving average price is $37.13.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.09. The firm had revenue of $279.74 million for the quarter, compared to analysts’ expectations of $271.24 million. Kilroy Realty had a net margin of 28.68% and a return on equity of 5.75%. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.17 earnings per share. Kilroy Realty has set its FY 2025 guidance at 4.180-4.240 EPS. On average, equities analysts predict that Kilroy Realty Corporation will post 4 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 8th. Investors of record on Tuesday, September 30th were given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 5.3%. The ex-dividend date was Tuesday, September 30th. Kilroy Realty’s payout ratio is currently 117.39%.

Kilroy Realty Company 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.