AQR Capital Management LLC Buys 206,648 Shares of Kilroy Realty Corporation $KRC

Key Points

• AQR Capital Management LLC increased its stake in Kilroy Realty by 51.7%, acquiring an additional 206,648 shares, bringing its total ownership to approximately 606,387 shares, valued at $19.77 million.
• Insider trading activity included EVP Eliott Trencher selling 3,997 shares and CAO Merryl Elizabeth Werber selling 6,250 shares, representing significant decreases in their ownership.
• Kilroy Realty reported $1.13 earnings per share for the last quarter, outperforming analysts' expectations, and has set its FY 2025 guidance at 4.050-4.150 EPS.

AQR Capital Management LLC lifted its stake in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) by 51.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 606,387 shares of the real estate investment trust's stock after buying an additional 206,648 shares during the quarter. AQR Capital Management LLC owned about 0.51% of Kilroy Realty worth $19,774,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Allworth Financial LP boosted its stake in Kilroy Realty by 192.1% during the first quarter. Allworth Financial LP now owns 964 shares of the real estate investment trust's stock worth $31,000 after acquiring an additional 634 shares in the last quarter. GF Fund Management CO. LTD. acquired a new position in shares of Kilroy Realty during the fourth quarter valued at about $82,000. PNC Financial Services Group Inc. boosted its position in shares of Kilroy Realty by 22.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,346 shares of the real estate investment trust's stock worth $110,000 after purchasing an additional 614 shares in the last quarter. Meeder Asset Management Inc. grew its stake in shares of Kilroy Realty by 3,410.7% in the 1st quarter. Meeder Asset Management Inc. now owns 3,932 shares of the real estate investment trust's stock valued at $129,000 after buying an additional 3,820 shares during the period. Finally, Fifth Third Bancorp grew its stake 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 valued at $141,000 after buying an additional 1,775 shares during the period. Institutional investors own 94.22% of the company's stock.

Kilroy Realty Stock Up 0.6%

KRC traded up $0.26 during mid-day trading on Friday, reaching $43.21. 1,077,763 shares of the stock were exchanged, compared to its average volume of 1,197,938. Kilroy Realty Corporation has a 1 year low of $27.07 and a 1 year high of $43.78. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.35 and a current ratio of 2.35. The stock has a market capitalization of $5.11 billion, a PE ratio of 23.48 and a beta of 1.26. The company has a 50 day moving average price of $38.76 and a two-hundred day moving average price of $34.99.

Kilroy Realty (NYSE:KRC - Get Free Report) last announced its earnings results on Monday, July 28th. The real estate investment trust reported $1.13 EPS for the quarter, beating 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 company had revenue of $289.89 million during the quarter, compared to the consensus estimate of $268.84 million. During the same quarter in the prior year, the company posted $1.10 earnings per share. The firm'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. As a group, research analysts anticipate that Kilroy Realty Corporation will post 4 EPS for the current year.

Wall Street Analyst Weigh In

KRC has been the topic of a number of research reports. Zacks Research raised Kilroy Realty to a "hold" rating in a research note on Friday, August 8th. Wells Fargo & Company upped their target price on Kilroy Realty from $33.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 27th. Evercore ISI increased their target price on Kilroy Realty from $42.00 to $46.00 and gave the stock an "in-line" rating in a report on Monday, September 8th. Royal Bank Of Canada boosted their price target on shares of Kilroy Realty from $39.00 to $40.00 and gave the company a "sector perform" rating in a research note on Thursday, August 7th. Finally, Mizuho dropped their price objective on shares of Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating on the stock in a research note on Monday, July 14th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and an average target price of $38.82.

Insider Activity at Kilroy Realty

In other news, CAO Merryl Elizabeth Werber sold 6,250 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $38.28, for a total value of $239,250.00. Following the transaction, the chief accounting officer owned 26,435 shares in the company, valued at $1,011,931.80. The trade was a 19.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Eliott Trencher sold 3,997 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $38.05, for a total value of $152,085.85. Following the sale, the executive vice president directly owned 43,826 shares of the company's stock, valued at $1,667,579.30. The trade was 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 company insiders.

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.