Kilroy Realty Corporation $KRC Stock Holdings Lessened by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D trimmed its stake in Kilroy Realty Corporation (NYSE:KRC) by 28.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 78,028 shares of the real estate investment trust’s stock after selling 31,556 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Kilroy Realty were worth $2,677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in KRC. American National Bank & Trust acquired a new position in Kilroy Realty in the second quarter worth approximately $25,000. Allworth Financial LP increased its holdings in Kilroy Realty by 192.1% in the first quarter. Allworth Financial LP now owns 964 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 634 shares during the last quarter. Harbor Asset Planning Inc. acquired a new position in Kilroy Realty in the second quarter worth approximately $34,000. UMB Bank n.a. increased its holdings in Kilroy Realty by 46.0% in the second quarter. UMB Bank n.a. now owns 1,694 shares of the real estate investment trust’s stock worth $58,000 after buying an additional 534 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Kilroy Realty by 22.5% in the first quarter. PNC Financial Services Group Inc. now owns 3,346 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 614 shares during the last quarter. Institutional investors and hedge funds own 94.22% of the company’s stock.

Insider Activity at Kilroy Realty

In other news, EVP Eliott Trencher sold 3,997 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 43,826 shares of the company’s stock, valued at approximately $1,667,579.30. This represents a 8.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were 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 $1,011,931.80. This represents a 19.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.49% of the stock is currently owned by corporate insiders.

Kilroy Realty Stock Up 1.7%

KRC opened at $41.97 on Wednesday. Kilroy Realty Corporation has a 1-year low of $27.07 and a 1-year high of $45.03. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $4.96 billion, a price-to-earnings ratio of 15.49 and a beta of 1.24. The business has a 50 day moving average of $41.79 and a 200-day moving average of $37.05.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.09. Kilroy Realty had a return on equity of 5.78% and a net margin of 28.68%.The company had revenue of $279.74 million during the quarter, compared to analysts’ expectations of $271.24 million. During the same period in the prior year, the business earned $1.17 earnings per share. Kilroy Realty’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, sell-side analysts anticipate that Kilroy Realty Corporation will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 30th were given 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 currently 117.39%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Scotiabank upgraded Kilroy Realty from a “sector underperform” rating to a “sector perform” rating and increased their price objective for the stock from $40.00 to $47.00 in a report on Wednesday, September 17th. 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. Jefferies Financial Group upgraded Kilroy Realty from a “hold” rating to a “buy” rating and increased their price objective for the stock from $33.00 to $45.00 in a report on Monday, October 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Kilroy Realty in a report on Wednesday, October 8th. Finally, Wells Fargo & Company upped their target price on Kilroy Realty from $33.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 27th. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $41.17.

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.