Bank of America Corp DE Grows Position in Kilroy Realty Corporation $KRC

Key Points

• Bank of America more than doubled its Kilroy Realty position during the first quarter, increasing its stake by 118.1% to 1.62 million shares valued at approximately $45.7 million. Institutional investors collectively own 94.22% of KRC.
• Analysts maintain a consensus “Hold” rating with an average price target of $39.13, despite several recent target-price increases.
• Kilroy Realty reported quarterly EPS of $0.17, well below the $0.90 consensus estimate, while revenue of $272.4 million exceeded expectations. The REIT also paid a $0.54 quarterly dividend, equivalent to a 6.0% annualized yield.

Bank of America Corp DE boosted its position in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) by 118.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,621,580 shares of the real estate investment trust's stock after buying an additional 877,907 shares during the period. Bank of America Corp DE owned 1.39% of Kilroy Realty worth $45,745,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KRC. Amundi boosted its stake in Kilroy Realty by 3.9% during the 1st quarter. Amundi now owns 66,051 shares of the real estate investment trust's stock worth $1,863,000 after purchasing an additional 2,488 shares during the period. California State Teachers Retirement System increased its stake in Kilroy Realty by 24.3% in the first quarter. California State Teachers Retirement System now owns 133,111 shares of the real estate investment trust's stock valued at $3,755,000 after purchasing an additional 26,040 shares during the period. Royal Bank of Canada increased its stake in Kilroy Realty by 8.3% in the first quarter. Royal Bank of Canada now owns 85,271 shares of the real estate investment trust's stock valued at $2,405,000 after purchasing an additional 6,548 shares during the period. Rush Island Management LP boosted its stake in shares of Kilroy Realty by 84.5% during the first quarter. Rush Island Management LP now owns 4,860,742 shares of the real estate investment trust's stock worth $137,122,000 after buying an additional 2,226,821 shares during the period. Finally, Infrastructure Capital Advisors LLC boosted its stake in shares of Kilroy Realty by 22.9% during the first quarter. Infrastructure Capital Advisors LLC now owns 65,326 shares of the real estate investment trust's stock worth $1,843,000 after buying an additional 12,178 shares during the period. Hedge funds and other institutional investors own 94.22% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $33.00 price objective on shares of Kilroy Realty in a research note on Tuesday, May 12th. Barclays lifted their target price on Kilroy Realty from $31.00 to $38.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 21st. Scotiabank boosted their target price on Kilroy Realty from $38.00 to $41.00 and gave the company a "sector perform" rating in a report on Tuesday, July 21st. Mizuho upped their price target on Kilroy Realty from $29.00 to $34.00 and gave the stock an "underperform" rating in a research note on Tuesday, July 21st. Finally, Citigroup increased their price target on Kilroy Realty from $34.00 to $40.00 and gave the stock a "neutral" rating in a report on Thursday, July 30th. Five investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $39.13.

Insider Activity

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

Kilroy Realty Stock Down 0.4%

Kilroy Realty stock opened at $36.28 on Thursday. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.65 and a quick ratio of 2.65. Kilroy Realty Corporation has a 1-year low of $27.36 and a 1-year high of $45.03. The company has a market cap of $4.22 billion, a PE ratio of 25.55 and a beta of 1.11. The stock's 50 day moving average price is $38.36 and its 200 day moving average price is $34.11.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued its earnings results on Monday, July 27th. The real estate investment trust reported $0.17 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 company had revenue of $272.37 million for the quarter, compared to analysts' expectations of $267.39 million. During the same quarter in the previous year, the firm posted $1.13 earnings per share. Kilroy Realty's revenue for the quarter was down 6.0% on a year-over-year basis. Kilroy Realty has set its FY 2026 guidance at 3.490-3.630 EPS. On average, sell-side analysts predict that Kilroy Realty Corporation will post 3.58 EPS for the current fiscal year.

Kilroy Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 6.0%. The ex-dividend date was Tuesday, June 30th. Kilroy Realty's dividend payout ratio is presently 152.11%.

Kilroy Realty Profile

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.

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