AlphaQuest LLC Cuts Stock Position in Kilroy Realty Corporation $KRC

AlphaQuest LLC cut its holdings in Kilroy Realty Corporation (NYSE:KRC) by 78.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,476 shares of the real estate investment trust’s stock after selling 19,968 shares during the quarter. AlphaQuest LLC’s holdings in Kilroy Realty were worth $188,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in KRC. Cambridge Investment Research Advisors Inc. increased its position in shares of Kilroy Realty by 23.2% during 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 purchasing an additional 1,168 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Kilroy Realty during the second quarter worth approximately $320,000. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Kilroy Realty by 0.9% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 181,434 shares of the real estate investment trust’s stock worth $6,225,000 after purchasing an additional 1,618 shares in the last quarter. Amundi increased its position in shares of Kilroy Realty by 6.1% during the first quarter. Amundi now owns 67,569 shares of the real estate investment trust’s stock worth $2,065,000 after purchasing an additional 3,897 shares in the last quarter. Finally, D.A. Davidson & CO. purchased a new stake in shares of Kilroy Realty during the second quarter worth approximately $269,000. 94.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kilroy Realty

In other news, EVP Eliott Trencher sold 3,997 shares of the company’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $38.05, for a total value of $152,085.85. Following the transaction, the executive vice president owned 43,826 shares of the company’s stock, valued at $1,667,579.30. This represents a 8.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $38.28, for a total value of $239,250.00. Following the transaction, the chief accounting officer directly owned 26,435 shares in the company, valued at approximately $1,011,931.80. The trade was a 19.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.57% of the company’s stock.

Kilroy Realty Stock Performance

Shares of Kilroy Realty stock opened at $42.30 on Monday. Kilroy Realty Corporation has a 52 week low of $27.07 and a 52 week high of $45.03. The business’s fifty day simple moving average is $41.93 and its 200-day simple moving average is $37.32. The firm has a market cap of $5.00 billion, a PE ratio of 15.61 and a beta of 1.24. The company has a quick ratio of 2.35, a current ratio of 2.56 and a debt-to-equity ratio of 0.81.

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

Kilroy Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 30th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend was Tuesday, September 30th. Kilroy Realty’s dividend payout ratio is 79.70%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on KRC. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kilroy Realty in a research report on Wednesday, October 8th. Scotiabank upgraded Kilroy Realty from a “sector underperform” rating to a “sector perform” rating and boosted their price target for the stock from $40.00 to $47.00 in a research report on Wednesday, September 17th. Evercore ISI boosted their price objective on Kilroy Realty from $42.00 to $46.00 and gave the stock an “in-line” rating in a research note on Monday, September 8th. Jefferies Financial Group raised Kilroy Realty from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $33.00 to $45.00 in a research note on Monday, October 13th. Finally, Wells Fargo & Company boosted their price objective on Kilroy Realty from $33.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 27th. Two investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $41.17.

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.