D.A. Davidson & CO. Takes $269,000 Position in Kilroy Realty Corporation $KRC

D.A. Davidson & CO. purchased a new position in Kilroy Realty Corporation (NYSE:KRC) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,843 shares of the real estate investment trust’s stock, valued at approximately $269,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in KRC. Cambridge Investment Research Advisors Inc. increased its stake in shares of Kilroy Realty by 23.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,205 shares of the real estate investment trust’s stock worth $203,000 after buying an additional 1,168 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Kilroy Realty by 0.8% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 179,816 shares of the real estate investment trust’s stock worth $5,891,000 after buying an additional 1,509 shares during the last quarter. Summit Trail Advisors LLC increased its stake in shares of Kilroy Realty by 4.3% in the first quarter. Summit Trail Advisors LLC now owns 16,945 shares of the real estate investment trust’s stock worth $562,000 after buying an additional 694 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Kilroy Realty in the first quarter worth $537,000. Finally, Penserra Capital Management LLC increased its stake in shares of Kilroy Realty by 20.9% in the first quarter. Penserra Capital Management LLC now owns 34,451 shares of the real estate investment trust’s stock worth $1,128,000 after buying an additional 5,966 shares during the last quarter. Institutional investors own 94.22% of the company’s stock.

Wall Street Analysts Forecast Growth

KRC has been the subject of a number of research analyst reports. Mizuho dropped their price target on shares of Kilroy Realty from $43.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, July 14th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $44.00 price target (down previously from $46.00) on shares of Kilroy Realty in a research note on Friday, October 17th. Zacks Research upgraded shares of Kilroy Realty to a “hold” rating in a research note on Friday, August 8th. Royal Bank Of Canada boosted their target price on shares of Kilroy Realty from $39.00 to $40.00 and gave the company a “sector perform” rating in a research note on Thursday, August 7th. Finally, The Goldman Sachs Group reiterated a “sell” rating and set a $33.00 target price on shares of Kilroy Realty in a research note on Thursday, August 21st. Two investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $41.17.

Insider Buying and Selling at Kilroy Realty

In other news, CAO Merryl Elizabeth Werber sold 6,250 shares of the business’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $38.28, for a total transaction of $239,250.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $152,085.85. Following the transaction, the executive vice president directly owned 43,826 shares of the company’s stock, valued at approximately $1,667,579.30. This trade represents a 8.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.57% of the company’s stock.

Kilroy Realty Stock Performance

Shares of KRC opened at $41.42 on Friday. 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 $4.90 billion, a price-to-earnings ratio of 15.28 and a beta of 1.24. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.35 and a current ratio of 2.56. The firm has a fifty day moving average of $41.89 and a 200-day moving average of $37.16.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings results 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. Kilroy Realty had a net margin of 28.68% and a return on equity of 5.75%. The company had revenue of $279.74 million during the quarter, compared to the consensus estimate of $271.24 million. During the same quarter in the previous year, the company posted $1.17 earnings per share. The company’s revenue for the quarter 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, equities analysts anticipate that Kilroy Realty Corporation will post 4 earnings per share for the current year.

Kilroy Realty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.16 annualized dividend and a dividend yield of 5.2%. Kilroy Realty’s payout ratio is 79.70%.

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.