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

Key Points

• Bank of America acquired 1.15 million shares of Kilroy Realty worth approximately $43.2 million, representing a 0.99% stake. Institutional investors collectively own 94.22% of the REIT.
• Analysts remain broadly neutral, with Kilroy Realty carrying a consensus “Hold” rating and an average price target of $39.47; targets recently ranged from $34 to $44.
• Kilroy Realty reported quarterly EPS of $0.17, well below the $0.90 consensus estimate, while revenue of $272.4 million exceeded expectations. The company maintained a quarterly dividend of $0.54 per share, equating to a 6.2% annualized yield.

Bank of America Corp DE purchased a new stake in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,152,208 shares of the real estate investment trust's stock, valued at approximately $43,173,000. Bank of America Corp DE owned 0.99% of Kilroy Realty as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in KRC. BlackRock Inc. acquired a new stake in Kilroy Realty in the second quarter worth about $581,003,000. Norges Bank acquired a new position in Kilroy Realty during the 4th quarter valued at about $340,131,000. Route One Investment Company L.P. acquired a new position in Kilroy Realty during the 2nd quarter valued at about $159,181,000. Rush Island Management LP boosted 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 purchasing an additional 2,226,821 shares during the last quarter. Finally, PGGM Investments boosted its stake in shares of Kilroy Realty by 6.0% in the 4th quarter. PGGM Investments now owns 2,628,946 shares of the real estate investment trust's stock valued at $98,244,000 after purchasing an additional 148,376 shares during the last quarter. Institutional investors own 94.22% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on KRC. Citigroup boosted their price target on shares of Kilroy Realty from $34.00 to $40.00 and gave the stock a "neutral" rating in a research note on Thursday, July 30th. Mizuho lifted their target price on shares of Kilroy Realty from $29.00 to $34.00 and gave the stock an "underperform" rating in a report on Tuesday, July 21st. BMO Capital Markets upped their target price on shares of Kilroy Realty from $34.00 to $38.00 and gave the company a "market perform" rating in a research report on Monday, June 15th. Wall Street Zen downgraded Kilroy Realty from a "hold" rating to a "sell" rating in a research note on Saturday, September 12th. Finally, Evercore set a $44.00 price target on Kilroy Realty in a research report on Monday. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $39.47.

Insider Transactions at Kilroy Realty

In other Kilroy Realty news, Director Jolie Hunt sold 15,800 shares of the firm'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 transaction of $597,082.00. Following the sale, the director directly owned 13,892 shares in the company, valued at approximately $524,978.68. This trade represents a 53.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.83% of the company's stock.

Kilroy Realty Stock Performance

Shares of Kilroy Realty stock opened at $34.62 on Tuesday. The stock's fifty day simple moving average is $37.24 and its 200 day simple moving average is $34.73. 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 market capitalization of $4.03 billion, a PE ratio of 24.38 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 - Get Free Report) 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 analysts' consensus estimates of $0.90 by ($0.73). Kilroy Realty had a net margin of 15.47% and a return on equity of 3.04%. The business had revenue of $272.37 million during the quarter, compared to analyst estimates of $267.39 million. During the same period in the previous year, the firm posted $1.13 earnings per share. The firm's revenue 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, research analysts predict that Kilroy Realty Corporation will post 3.59 EPS for the current year.

Kilroy Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date of this dividend is Wednesday, September 30th. Kilroy Realty's dividend payout ratio is presently 152.11%.

About Kilroy Realty

Kilroy Realty Corporation NYSE: KRC is a real estate investment trust that owns, develops, acquires and manages office, life science and mixed-use properties. Its portfolio is concentrated in high-demand technology and innovation markets, with properties designed to serve businesses in sectors such as technology, media, entertainment and life sciences.

The company's operations are primarily focused on coastal markets in the western United States, including the San Francisco Bay Area, Greater Los Angeles and San Diego, as well as the Pacific Northwest.

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