Aberdeen Group plc Trims Holdings in Kilroy Realty Corporation $KRC

Key Points

• Aberdeen Group plc sold 365,190 shares of Kilroy Realty Corporation, reducing its holdings by 91.2%, leaving it with 35,214 shares valued at approximately $1.15 million.
• Several institutional investors, including Allworth Financial LP and Meeder Asset Management Inc., have increased their holdings in Kilroy Realty significantly during the first quarter, reflecting growing interest in the company.
• Kilroy Realty's latest earnings report showed an EPS of $1.13, exceeding expectations, and analysts have mixed ratings on the stock, with an average target price of $37.64.

Aberdeen Group plc lowered its position in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) by 91.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,214 shares of the real estate investment trust's stock after selling 365,190 shares during the period. Aberdeen Group plc's holdings in Kilroy Realty were worth $1,154,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Kilroy Realty by 23.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,205 shares of the real estate investment trust's stock worth $203,000 after acquiring an additional 1,168 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Kilroy Realty by 1.7% in the 1st quarter. Asset Management One Co. Ltd. now owns 157,796 shares of the real estate investment trust's stock worth $5,169,000 after acquiring an additional 2,586 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Kilroy Realty by 70.4% in the 1st quarter. Fifth Third Bancorp now owns 4,298 shares of the real estate investment trust's stock worth $141,000 after acquiring an additional 1,775 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Kilroy Realty in the 1st quarter worth approximately $251,000. Finally, GAMMA Investing LLC raised its holdings in Kilroy Realty by 2,913.6% during the 1st quarter. GAMMA Investing LLC now owns 55,692 shares of the real estate investment trust's stock valued at $1,700,000 after buying an additional 53,844 shares during the last quarter. Hedge funds and other institutional investors own 94.22% of the company's stock.

Analyst Upgrades and Downgrades

KRC has been the subject of a number of recent analyst reports. Royal Bank Of Canada upped their price target on shares of Kilroy Realty from $39.00 to $40.00 and gave the company a "sector perform" rating in a report on Thursday, August 7th. 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. Evercore ISI lowered their price target on shares of Kilroy Realty from $43.00 to $42.00 and set an "in-line" rating for the company in a report on Monday, August 18th. Wells Fargo & Company upped their price target on shares of Kilroy Realty from $33.00 to $40.00 and gave the company an "equal weight" rating in a report on Wednesday. Finally, Scotiabank lowered their price target on shares of Kilroy Realty from $38.00 to $37.00 and set a "sector underperform" rating for the company in a report on Monday, July 14th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Kilroy Realty currently has an average rating of "Hold" and a consensus target price of $38.27.

Kilroy Realty Trading Up 1.7%

NYSE KRC traded up $0.67 during trading on Wednesday, hitting $41.18. The company had a trading volume of 1,455,049 shares, compared to its average volume of 1,487,603. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.82. Kilroy Realty Corporation has a one year low of $27.07 and a one year high of $43.78. The company has a market cap of $4.87 billion, a price-to-earnings ratio of 22.38 and a beta of 1.22. The company's fifty day moving average is $37.02 and its 200-day moving average is $34.37.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.13 EPS for the quarter, topping the consensus estimate of $1.01 by $0.12. Kilroy Realty had a net margin of 19.29% and a return on equity of 3.92%. The business had revenue of $289.89 million during the quarter, compared to analyst estimates of $268.84 million. During the same period in the prior year, the business earned $1.10 EPS. The company's revenue for the quarter was up 3.3% on a year-over-year basis. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. On average, sell-side analysts predict that Kilroy Realty Corporation will post 4 earnings per share for the current year.

Insider Transactions at Kilroy Realty

In other news, CAO Merryl Elizabeth Werber sold 6,250 shares of the company's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $38.28, for a total value of $239,250.00. Following the sale, the chief accounting officer directly owned 26,435 shares of the company's stock, valued at $1,011,931.80. This represents a 19.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Eliott Trencher sold 3,997 shares of the company's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $38.05, for a total transaction of $152,085.85. Following the completion of the sale, the executive vice president directly owned 43,826 shares in the company, valued at $1,667,579.30. This represents a 8.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.57% of the stock is owned by corporate 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.