Assetmark Inc. Has $1.06 Million Stock Holdings in Kilroy Realty Corporation $KRC

Assetmark Inc. increased its holdings in shares of Kilroy Realty Corporation (NYSE:KRC) by 9.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,786 shares of the real estate investment trust’s stock after buying an additional 2,583 shares during the quarter. Assetmark Inc.’s holdings in Kilroy Realty were worth $1,056,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in KRC. APG Asset Management US Inc. raised its position in shares of Kilroy Realty by 5.3% during the first 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 during the period. T. Rowe Price Investment Management Inc. raised its position in shares of Kilroy Realty by 3.3% during the first 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 during the period. PGGM Investments raised 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 buying an additional 234,624 shares during the period. Northern Trust Corp raised 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 buying an additional 827,365 shares during the period. Finally, Charles Schwab Investment Management Inc. raised 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 buying an additional 16,175 shares during the period. Institutional investors and hedge funds own 94.22% of the company’s stock.

Kilroy Realty Stock Performance

KRC opened at $42.58 on Thursday. Kilroy Realty Corporation has a 52-week low of $27.07 and a 52-week high of $45.03. The firm has a market capitalization of $5.04 billion, a PE ratio of 15.71 and a beta of 1.22. 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 business’s 50-day simple moving average is $42.04 and its 200 day simple moving average is $37.51.

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

Kilroy Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 8th. Investors of record on Tuesday, September 30th were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date was Tuesday, September 30th. Kilroy Realty’s payout ratio is presently 79.70%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on KRC shares. Barclays restated an “equal weight” rating and set a $43.00 price objective on shares of Kilroy Realty in a report on Thursday, September 4th. Jefferies Financial Group raised Kilroy Realty from a “hold” rating to a “buy” rating and lifted their price target for the company from $33.00 to $45.00 in a research note on Monday, October 13th. Scotiabank raised Kilroy Realty from a “sector underperform” rating to a “sector perform” rating and lifted their price target for the company from $40.00 to $47.00 in a research note on Wednesday, September 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of Kilroy Realty in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada lifted their target price on Kilroy Realty from $39.00 to $40.00 and gave the company a “sector perform” rating in a research report on Thursday, August 7th. Two 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $41.17.

Insider Activity

In other news, EVP Eliott Trencher sold 3,997 shares of the business’s stock in a transaction dated 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 in the company, valued at $1,667,579.30. The trade was a 8.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of the business’s stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 26,435 shares in the company, valued at approximately $1,011,931.80. This trade represents a 19.12% decrease in their position. The SEC filing for this sale provides additional information. 2.49% of the stock is owned by insiders.

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.