Westpac Banking Corp Makes New Investment in Kilroy Realty Corporation $KRC

Westpac Banking Corp acquired a new position in Kilroy Realty Corporation (NYSE:KRC) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 31,485 shares of the real estate investment trust’s stock, valued at approximately $1,180,000.

A number of other hedge funds have also recently made changes to their positions in KRC. BlackRock Inc. bought a new stake in Kilroy Realty in the second quarter worth $581,003,000. Norges Bank bought a new position in shares of Kilroy Realty during the fourth quarter valued at about $340,131,000. State Street Corp increased its holdings in shares of Kilroy Realty by 1.2% in the second quarter. State Street Corp now owns 5,841,917 shares of the real estate investment trust’s stock worth $203,514,000 after buying an additional 67,546 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Kilroy Realty by 23.5% in the fourth quarter. Principal Financial Group Inc. now owns 5,228,666 shares of the real estate investment trust’s stock worth $195,396,000 after buying an additional 994,299 shares during the period. Finally, Rush Island Management LP lifted its stake in shares of Kilroy Realty by 84.5% in the 1st quarter. Rush Island Management LP now owns 4,860,742 shares of the real estate investment trust’s stock valued at $137,122,000 after acquiring an additional 2,226,821 shares during the last quarter. 94.22% of the stock is currently owned by institutional investors.

Kilroy Realty Stock Performance

Shares of NYSE:KRC opened at $36.52 on Friday. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 0.83. The company has a 50-day moving average price of $38.16 and a 200-day moving average price of $34.19. The company has a market cap of $4.25 billion, a price-to-earnings ratio of 25.72 and a beta of 1.11. Kilroy Realty Corporation has a 12 month low of $27.36 and a 12 month high of $45.03.

Kilroy Realty (NYSE:KRC) last posted its earnings results on Monday, July 27th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.73). Kilroy Realty had a return on equity of 3.04% and a net margin of 15.47%.The business had revenue of $272.37 million during the quarter, compared to the consensus estimate of $267.39 million. During the same period in the previous year, the business earned $1.13 earnings per share. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. Kilroy Realty has set its FY 2026 guidance at 3.490-3.630 EPS. As a group, equities analysts anticipate that Kilroy Realty Corporation will post 3.58 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on KRC. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $33.00 target price on shares of Kilroy Realty in a report on Tuesday, May 12th. JPMorgan Chase & Co. decreased their price target on Kilroy Realty from $40.00 to $39.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 21st. Scotiabank boosted their price objective on Kilroy Realty from $38.00 to $41.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 21st. Mizuho increased their price objective on Kilroy Realty from $29.00 to $34.00 and gave the company an “underperform” rating in a research note on Tuesday, July 21st. Finally, Wells Fargo & Company raised their target price on shares of Kilroy Realty from $31.00 to $33.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Five 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 stock. According to MarketBeat.com, Kilroy Realty has a consensus rating of “Hold” and an average price target of $39.13.

Insider Activity at Kilroy Realty

In other news, President Justin William Smart sold 10,848 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $38.71, for a total transaction of $419,926.08. Following the transaction, the president directly owned 519,872 shares of the company’s stock, valued at approximately $20,124,245.12. The trade was a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jolie A. Hunt sold 15,800 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $37.79, for a total value of $597,082.00. Following the transaction, the director owned 13,892 shares of the company’s stock, valued at approximately $524,978.68. This represents a 53.21% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.83% of the company’s stock.

About Kilroy Realty

Kilroy Realty Corporation (NYSE: KRC) is a publicly traded real estate investment trust focused on the development, acquisition and management of high‐quality office and mixed‐use properties along the U.S. West Coast. The company’s portfolio encompasses major urban markets including Los Angeles, San Diego, the San Francisco Bay Area and Seattle. Kilroy Realty targets properties in transit‐oriented submarkets, blending workplace space with retail, residential and hospitality amenities to create vibrant, walkable neighborhoods.

Founded in the mid‐20th century by members of the Kilroy family, the company evolved from a regional landlord into one of the leading West Coast office landlords.