Freedom Investment Management Inc. Sells 1,075 Shares of Kilroy Realty Corporation $KRC

Freedom Investment Management Inc. lessened its position in shares of Kilroy Realty Corporation (NYSE:KRC) by 7.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,101 shares of the real estate investment trust’s stock after selling 1,075 shares during the period. Freedom Investment Management Inc.’s holdings in Kilroy Realty were worth $484,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. APG Asset Management US Inc. increased its holdings in Kilroy Realty by 5.3% during the 1st quarter. APG Asset Management US Inc. now owns 4,611,122 shares of the real estate investment trust’s stock worth $151,521,000 after purchasing an additional 230,236 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in Kilroy Realty by 3.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,103,487 shares of the real estate investment trust’s stock worth $101,671,000 after purchasing an additional 99,567 shares in the last quarter. PGGM Investments increased its holdings in Kilroy Realty by 8.2% during the 2nd quarter. PGGM Investments now owns 3,100,393 shares of the real estate investment trust’s stock worth $106,374,000 after purchasing an additional 234,624 shares in the last quarter. Northern Trust Corp increased its holdings in 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 worth $95,785,000 after purchasing an additional 827,365 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Kilroy Realty by 0.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,216,791 shares of the real estate investment trust’s stock worth $72,622,000 after purchasing an additional 16,175 shares in the last quarter. Institutional investors own 94.22% of the company’s stock.

Kilroy Realty Trading Up 0.8%

Shares of NYSE:KRC opened at $40.88 on Friday. Kilroy Realty Corporation has a 52-week low of $27.07 and a 52-week high of $45.03. The company has a market capitalization of $4.84 billion, a P/E ratio of 22.22 and a beta of 1.24. The company has a 50-day simple moving average of $41.68 and a 200 day simple moving average of $36.85. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.35 and a current ratio of 2.35.

Kilroy Realty (NYSE:KRC) last issued its 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 business had revenue of $289.89 million during the quarter, compared to the consensus estimate of $268.84 million. During the same period last year, the business posted $1.10 EPS. Kilroy Realty’s 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. Sell-side analysts forecast that Kilroy Realty Corporation will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.54 per share. The ex-dividend date was Tuesday, September 30th. This represents a $2.16 annualized dividend and a yield of 5.3%. Kilroy Realty’s dividend payout ratio (DPR) is 117.39%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on KRC shares. Barclays restated an “equal weight” rating and issued a $43.00 price objective on shares of Kilroy Realty in a report on Thursday, September 4th. Royal Bank Of Canada raised their price objective on Kilroy Realty from $39.00 to $40.00 and gave the company a “sector perform” rating in a report on Thursday, August 7th. The Goldman Sachs Group restated a “sell” rating and issued a $33.00 price objective on shares of Kilroy Realty in a report on Thursday, August 21st. Wells Fargo & Company raised their price objective on Kilroy Realty from $33.00 to $40.00 and gave the company an “equal weight” rating in a report on Wednesday, August 27th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $44.00 price objective (down previously from $46.00) on shares of Kilroy Realty in a report on Friday, October 17th. Two research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Kilroy Realty currently has a consensus rating of “Hold” and a consensus price target of $41.17.

Insider Activity at Kilroy Realty

In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 6,250 shares of the firm’s stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 26,435 shares in the company, valued at $1,011,931.80. This trade represents a 19.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Eliott Trencher sold 3,997 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $38.05, for a total transaction of $152,085.85. Following the sale, the executive vice president owned 43,826 shares of the company’s stock, valued at $1,667,579.30. This trade represents a 8.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.57% of the company’s stock.

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.