Camelot Portfolios LLC Sells 14,040 Shares of Kilroy Realty Corporation $KRC

Camelot Portfolios LLC lessened its stake in shares of Kilroy Realty Corporation (NYSE:KRC) by 46.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,262 shares of the real estate investment trust’s stock after selling 14,040 shares during the quarter. Camelot Portfolios LLC’s holdings in Kilroy Realty were worth $558,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in KRC. ProShare Advisors LLC bought a new position in shares of Kilroy Realty during the 4th quarter worth about $201,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Kilroy Realty during the 4th quarter worth about $11,892,000. Versant Capital Management Inc boosted its position in shares of Kilroy Realty by 186.9% during the 1st quarter. Versant Capital Management Inc now owns 7,461 shares of the real estate investment trust’s stock worth $244,000 after purchasing an additional 4,860 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Kilroy Realty by 2,913.6% during the 1st quarter. GAMMA Investing LLC now owns 55,692 shares of the real estate investment trust’s stock worth $1,700,000 after purchasing an additional 53,844 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of Kilroy Realty by 7.8% during the 1st quarter. Parallel Advisors LLC now owns 5,539 shares of the real estate investment trust’s stock worth $181,000 after purchasing an additional 401 shares in the last quarter. Institutional investors own 94.22% of the company’s stock.

Kilroy Realty Price Performance

Shares of NYSE KRC opened at $42.60 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 debt-to-equity ratio of 0.82, a current ratio of 2.35 and a quick ratio of 2.35. The company’s 50-day moving average is $40.27 and its 200 day moving average is $35.68. The stock has a market capitalization of $5.04 billion, a P/E ratio of 23.15 and a beta of 1.26.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.13 earnings per share (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 company had revenue of $289.89 million for the quarter, compared to analysts’ expectations of $268.84 million. During the same quarter in the previous year, the company earned $1.10 earnings per share. Kilroy Realty’s quarterly revenue was up 3.3% on a year-over-year basis. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. On average, sell-side analysts expect that Kilroy Realty Corporation will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 5.1%. Kilroy Realty’s payout ratio is presently 117.39%.

Analysts Set New Price Targets

Several brokerages recently weighed in on KRC. Evercore ISI raised their price target on shares of Kilroy Realty from $42.00 to $46.00 and gave the company an “in-line” rating in a research report on Monday, September 8th. Wells Fargo & Company increased their price objective on shares of Kilroy Realty from $33.00 to $40.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 27th. Zacks Research upgraded shares of Kilroy Realty to a “hold” rating in a research note on Friday, August 8th. Royal Bank Of Canada raised their price target on shares of Kilroy Realty from $39.00 to $40.00 and gave the company a “sector perform” rating in a report on Thursday, August 7th. Finally, Barclays reaffirmed an “equal weight” rating and set a $43.00 price objective on shares of Kilroy Realty in a report on Thursday, September 4th. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Kilroy Realty presently has an average rating of “Hold” and an average price target of $39.45.

Insider Activity

In related news, EVP Eliott Trencher sold 3,997 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 43,826 shares in the company, valued at $1,667,579.30. The trade was a 8.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of Kilroy Realty stock in a transaction on Wednesday, August 13th. The stock was 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 directly 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. Corporate insiders own 1.57% of the company’s stock.

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.