KBC Group NV Sells 1,768 Shares of Kilroy Realty Corporation $KRC

KBC Group NV lowered its stake in Kilroy Realty Corporation (NYSE:KRC) by 36.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,051 shares of the real estate investment trust’s stock after selling 1,768 shares during the period. KBC Group NV’s holdings in Kilroy Realty were worth $105,000 as of its most recent SEC filing.

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

Kilroy Realty Stock Performance

KRC opened at $41.22 on Friday. The stock’s 50 day simple moving average is $41.95 and its 200-day simple moving average is $38.27. The company has a current ratio of 2.56, a quick ratio of 2.35 and a debt-to-equity ratio of 0.81. The stock has a market cap of $4.88 billion, a PE ratio of 15.21 and a beta of 1.22. Kilroy Realty Corporation has a 1 year low of $27.07 and a 1 year high of $45.03.

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 analysts’ consensus estimates 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 net margin of 28.68% and a return on equity of 5.75%. The business’s revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.17 earnings per share. Kilroy Realty has set its FY 2025 guidance at 4.180-4.240 EPS. Sell-side analysts forecast that Kilroy Realty Corporation will post 4 EPS for the current year.

Kilroy Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Wednesday, December 31st. Kilroy Realty’s payout ratio is 79.70%.

Wall Street Analysts Forecast Growth

KRC has been the subject of several recent analyst reports. Weiss Ratings upgraded Kilroy Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Jefferies Financial Group raised Kilroy Realty from a “hold” rating to a “buy” rating and increased their price objective for the company from $33.00 to $45.00 in a research report on Monday, October 13th. Scotiabank upgraded shares of Kilroy Realty from a “sector underperform” rating to a “sector perform” rating and raised their price objective for the stock from $40.00 to $47.00 in a research note on Wednesday, September 17th. Barclays reaffirmed an “equal weight” rating and set a $43.00 target price on shares of Kilroy Realty in a research report on Thursday, September 4th. Finally, The Goldman Sachs Group reissued a “sell” rating and issued a $33.00 price target on shares of Kilroy Realty in a report on Thursday, August 21st. Three analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $41.92.

Kilroy Realty 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.