Westpac Banking Corp Sells 2,287 Shares of Kilroy Realty Corporation $KRC

Westpac Banking Corp cut its position in Kilroy Realty Corporation (NYSE:KRC) by 7.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,325 shares of the real estate investment trust’s stock after selling 2,287 shares during the period. Westpac Banking Corp’s holdings in Kilroy Realty were worth $1,006,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. American National Bank & Trust acquired a new stake in Kilroy Realty during the 2nd quarter worth $25,000. Quaker Wealth Management LLC lifted its holdings in shares of Kilroy Realty by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 755 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 1,510 shares in the last quarter. Harbor Asset Planning Inc. acquired a new position in shares of Kilroy Realty in the 2nd quarter valued at approximately $34,000. UMB Bank n.a. grew its position in shares of Kilroy Realty by 46.0% in the 2nd quarter. UMB Bank n.a. now owns 1,694 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 534 shares during the period. Finally, Hantz Financial Services Inc. increased its stake in Kilroy Realty by 20,078.6% during the 2nd quarter. Hantz Financial Services Inc. now owns 2,825 shares of the real estate investment trust’s stock worth $97,000 after purchasing an additional 2,811 shares in the last quarter. Institutional investors and hedge funds own 94.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on KRC shares. The Goldman Sachs Group reiterated a “sell” rating and issued a $33.00 price target on shares of Kilroy Realty in a report on Thursday, August 21st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $44.00 price objective (down from $46.00) on shares of Kilroy Realty in a research report on Friday, October 17th. Scotiabank raised shares of Kilroy Realty from a “sector underperform” rating to a “sector perform” rating and upped their target price for the stock from $40.00 to $47.00 in a research note on Wednesday, September 17th. New Street Research set a $45.00 target price on Kilroy Realty in a report on Monday, October 13th. Finally, Evercore ISI cut their price target on Kilroy Realty from $47.00 to $46.00 and set an “in-line” rating on the stock in a report on Friday. 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.com, the company has an average rating of “Hold” and a consensus price target of $41.17.

Kilroy Realty Stock Up 0.3%

KRC stock traded up $0.14 during mid-day trading on Monday, reaching $40.99. The company had a trading volume of 11,166 shares, compared to its average volume of 1,476,207. The company has a market capitalization of $4.85 billion, a price-to-earnings ratio of 15.03 and a beta of 1.22. Kilroy Realty Corporation has a 52 week low of $27.07 and a 52 week high of $45.03. The stock has a 50 day simple moving average of $42.11 and a two-hundred day simple moving average of $38.04. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.56 and a quick ratio of 2.35.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. Kilroy Realty had a return on equity of 5.75% and a net margin of 28.68%.The company had revenue of $279.74 million for the quarter, compared to analysts’ expectations of $271.24 million. During the same quarter in the prior year, the business posted $1.17 EPS. The business’s revenue 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, equities 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 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 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend was Tuesday, September 30th. Kilroy Realty’s dividend payout ratio (DPR) is 79.70%.

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.