Metis Global Partners LLC Acquires 4,130 Shares of Kilroy Realty Corporation $KRC

Metis Global Partners LLC raised its holdings in shares of Kilroy Realty Corporation (NYSE:KRC) by 30.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 17,601 shares of the real estate investment trust’s stock after purchasing an additional 4,130 shares during the quarter. Metis Global Partners LLC’s holdings in Kilroy Realty were worth $604,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Sequoia Financial Advisors LLC bought a new stake in Kilroy Realty in the second quarter valued at about $320,000. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Kilroy Realty by 0.9% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 181,434 shares of the real estate investment trust’s stock worth $6,225,000 after buying an additional 1,618 shares during the period. D.A. Davidson & CO. acquired a new position in shares of Kilroy Realty during the 2nd quarter worth about $269,000. Amundi increased its stake in shares of Kilroy Realty by 6.1% in the 1st quarter. Amundi now owns 67,569 shares of the real estate investment trust’s stock valued at $2,065,000 after acquiring an additional 3,897 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in shares of Kilroy Realty by 78.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 13,644 shares of the real estate investment trust’s stock valued at $468,000 after acquiring an additional 5,995 shares during the period. Institutional investors and hedge funds own 94.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. restated a “neutral” rating and set a $44.00 price objective (down previously from $46.00) on shares of Kilroy Realty in a report on Friday, October 17th. Barclays reiterated an “equal weight” rating and issued a $43.00 target price on shares of Kilroy Realty in a report on Thursday, September 4th. BMO Capital Markets lowered shares of Kilroy Realty from a “market perform” rating to an “underperform” rating and set a $35.00 price target for the company. in a report on Wednesday, July 16th. Weiss Ratings restated a “hold (c+)” rating on shares of Kilroy Realty in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group raised Kilroy Realty from a “hold” rating to a “buy” rating and raised their price objective for the stock from $33.00 to $45.00 in a research note on Monday, October 13th. 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 MarketBeat, Kilroy Realty currently has a consensus rating of “Hold” and a consensus price target of $41.17.

Kilroy Realty Price Performance

Shares of NYSE KRC opened at $42.25 on Thursday. The company has a fifty day moving average price of $42.15 and a 200 day moving average price of $37.87. The firm has a market cap of $5.00 billion, a PE ratio of 15.59 and a beta of 1.22. The company has a current ratio of 2.56, a quick ratio of 2.35 and a debt-to-equity ratio of 0.81. Kilroy Realty Corporation has a 1-year low of $27.07 and a 1-year high of $45.03.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.09. The firm had revenue of $279.74 million for the quarter, compared to the consensus estimate of $271.24 million. Kilroy Realty had a return on equity of 5.75% and a net margin of 28.68%.The company’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the business posted $1.17 EPS. Kilroy Realty has set its FY 2025 guidance at 4.180-4.240 EPS. Research analysts predict 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. Shareholders of record on Tuesday, September 30th were paid a $0.54 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $2.16 annualized dividend and a yield of 5.1%. Kilroy Realty’s payout ratio is presently 79.70%.

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.