Bank of New York Mellon Corp Purchases Shares of 931,668 Kilroy Realty Corporation $KRC

Key Points

• Bank of New York Mellon acquired 931,668 shares of Kilroy Realty worth approximately $34.9 million, joining other institutional investors that have increased holdings. Institutions now own 94.22% of the REIT.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $39.13; recent targets range from $34 to $42.
• Kilroy Realty reported quarterly EPS of $0.17, well below the $0.90 consensus estimate, while revenue of $272.4 million exceeded expectations but declined 6% year over year.

Bank of New York Mellon Corp bought a new position in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 931,668 shares of the real estate investment trust's stock, valued at approximately $34,910,000. Bank of New York Mellon Corp owned approximately 0.80% of Kilroy Realty at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its holdings in shares of Kilroy Realty by 23.5% in the fourth quarter. Principal Financial Group Inc. now owns 5,228,666 shares of the real estate investment trust's stock valued at $195,396,000 after buying an additional 994,299 shares during the period. Nan Fung Trinity HK Ltd. raised its holdings in shares of Kilroy Realty by 172.4% during the fourth quarter. Nan Fung Trinity HK Ltd. now owns 210,800 shares of the real estate investment trust's stock worth $7,878,000 after acquiring an additional 133,400 shares during the period. Situational Awareness LP acquired a new stake in shares of Kilroy Realty during the fourth quarter worth $49,616,000. Hsbc Holdings PLC lifted its position in Kilroy Realty by 29.1% in the 1st quarter. Hsbc Holdings PLC now owns 258,707 shares of the real estate investment trust's stock valued at $7,303,000 after acquiring an additional 58,337 shares in the last quarter. Finally, Wolverine Asset Management LLC bought a new stake in Kilroy Realty in the 4th quarter valued at $5,095,000. Institutional investors own 94.22% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on KRC shares. Citigroup lifted their target price on Kilroy Realty from $34.00 to $40.00 and gave the company a "neutral" rating in a research report on Thursday, July 30th. Evercore raised Kilroy Realty from an "in-line" rating to an "outperform" rating and set a $42.00 price target for the company in a research report on Monday, June 8th. Needham & Company LLC reaffirmed a "buy" rating on shares of Kilroy Realty in a research note on Monday, June 8th. JPMorgan Chase & Co. cut their price objective on shares of Kilroy Realty from $40.00 to $39.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 21st. Finally, Mizuho increased 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. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Kilroy Realty currently has a consensus rating of "Hold" and a consensus target price of $39.13.

Kilroy Realty Stock Performance

Shares of NYSE:KRC opened at $36.24 on Friday. Kilroy Realty Corporation has a 1 year low of $27.36 and a 1 year high of $45.03. The stock has a market capitalization of $4.22 billion, a price-to-earnings ratio of 25.52 and a beta of 1.11. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.65 and a quick ratio of 2.65. The company's 50 day simple moving average is $38.11 and its 200 day simple moving average is $34.28.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $267.39 million. During the same quarter in the previous year, the business posted $1.13 EPS. The company'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. As a group, research analysts predict that Kilroy Realty Corporation will post 3.59 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Jolie A. Hunt sold 15,800 shares of the company's stock in a transaction 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 completion of the transaction, the director directly owned 13,892 shares in the company, valued at approximately $524,978.68. This represents a 53.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Justin William Smart sold 10,848 shares of the stock in a transaction on 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 owned 519,872 shares of the company's stock, valued at $20,124,245.12. The trade was a 2.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.83% of the company's stock.

Kilroy Realty Company 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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