Aberdeen Group plc Sells 365,190 Shares of 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 trimmed its position in Kilroy Realty Corporation (NYSE:KRC - Free Report) by 91.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its stake in shares of Kilroy Realty by 39.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 29,230 shares of the real estate investment trust's stock valued at $1,182,000 after buying an additional 8,313 shares in the last quarter. MetLife Investment Management LLC raised its stake in Kilroy Realty by 8.9% in the fourth quarter. MetLife Investment Management LLC now owns 63,195 shares of the real estate investment trust's stock valued at $2,556,000 after purchasing an additional 5,190 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Kilroy Realty by 18.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,563 shares of the real estate investment trust's stock valued at $346,000 after buying an additional 1,323 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in Kilroy Realty by 4.9% during the 4th quarter. Hsbc Holdings PLC now owns 102,443 shares of the real estate investment trust's stock worth $4,144,000 after acquiring an additional 4,749 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Kilroy Realty by 6.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,265,387 shares of the real estate investment trust's stock worth $132,087,000 after acquiring an additional 193,291 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Kilroy Realty news, 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 value of $152,085.85. Following the completion of the sale, the executive vice president 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of the company's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $38.28, for a total value of $239,250.00. Following the completion of the sale, the chief accounting officer owned 26,435 shares of the company's stock, valued at approximately $1,011,931.80. The trade was a 19.12% decrease in their position. The disclosure for this sale can be found here. 2.49% of the stock is currently owned by corporate insiders.

Kilroy Realty Stock Up 3.3%

Shares of NYSE KRC traded up $1.2920 during mid-day trading on Friday, hitting $40.1520. 1,194,556 shares of the stock traded hands, compared to its average volume of 1,708,727. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.35 and a current ratio of 2.35. Kilroy Realty Corporation has a 52 week low of $27.07 and a 52 week high of $43.78. The company has a market cap of $4.75 billion, a price-to-earnings ratio of 21.82 and a beta of 1.22. The stock has a fifty day moving average price of $36.69 and a 200-day moving average price of $34.26.

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

Analysts Set New Price Targets

KRC has been the topic of a number of recent analyst reports. The Goldman Sachs Group reissued a "sell" rating and set a $33.00 price target on shares of Kilroy Realty in a research report on Thursday. BMO Capital Markets downgraded shares of Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 price target on the stock. in a report on Wednesday, July 16th. Wells Fargo & Company reduced their price objective on Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. Zacks Research upgraded Kilroy Realty to a "hold" rating in a research note on Friday, August 8th. Finally, Evercore ISI dropped their price objective on Kilroy Realty from $43.00 to $42.00 and set an "in-line" rating on the stock in a report on Monday, August 18th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Kilroy Realty presently has a consensus rating of "Hold" and a consensus target price of $37.64.

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.