Bayforest Capital Ltd Has $129,000 Stock Holdings in Kilroy Realty Corporation $KRC

Key Points

• Bayforest Capital Ltd reduced its stake in Kilroy Realty Corporation by 70.1%, ending the most recent quarter with holdings valued at $129,000.
• Kilroy Realty recently reported a quarterly earnings per share (EPS) of $1.13, exceeding analysts' expectations of $1.01, along with a revenue of $289.89 million.
• The company has announced a quarterly dividend of $0.54 per share, reflecting a 5.4% dividend yield, with a payout ratio currently at 117.39%.

Bayforest Capital Ltd lowered its holdings in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) by 70.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,768 shares of the real estate investment trust's stock after selling 8,818 shares during the period. Bayforest Capital Ltd's holdings in Kilroy Realty were worth $129,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of KRC. American National Bank & Trust bought a new position in Kilroy Realty during the second quarter worth $25,000. Allworth Financial LP boosted its position in shares of Kilroy Realty by 192.1% during the 1st quarter. Allworth Financial LP now owns 964 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 634 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Kilroy Realty by 46.0% in the 2nd quarter. UMB Bank n.a. now owns 1,694 shares of the real estate investment trust's stock valued at $58,000 after buying an additional 534 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Kilroy Realty by 22.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,346 shares of the real estate investment trust's stock valued at $110,000 after buying an additional 614 shares during the period. Finally, Meeder Asset Management Inc. increased its position in 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 in the last quarter. Institutional investors and hedge funds own 94.22% of the company's stock.

Kilroy Realty Stock Down 0.4%

Shares of NYSE:KRC opened at $40.29 on Friday. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 21.90 and a beta of 1.24. The business's 50 day moving average is $41.40 and its 200 day moving average is $36.43. Kilroy Realty Corporation has a 12-month low of $27.07 and a 12-month high of $45.03. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.82.

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

Kilroy Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 8th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.16 annualized dividend and a dividend yield of 5.4%. Kilroy Realty's dividend payout ratio (DPR) is currently 117.39%.

Analyst Ratings Changes

KRC has been the topic of several recent research reports. Jefferies Financial Group upgraded Kilroy Realty from a "hold" rating to a "buy" rating and increased their price target for the stock from $33.00 to $45.00 in a report on Monday. New Street Research set a $45.00 target price on Kilroy Realty in a report on Monday. JPMorgan Chase & Co. restated a "neutral" rating and set a $44.00 price target (down previously from $46.00) on shares of Kilroy Realty in a research note on Friday. Barclays reaffirmed an "equal weight" rating and issued a $43.00 price objective on shares of Kilroy Realty in a research note on Thursday, September 4th. Finally, Zacks Research upgraded shares of Kilroy Realty to a "hold" rating in a report on Friday, August 8th. Two research 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $41.17.

Insider Buying and Selling

In other Kilroy Realty news, EVP Eliott Trencher sold 3,997 shares of the business's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $38.05, for a total value of $152,085.85. Following the transaction, the executive vice president owned 43,826 shares of the company's stock, valued at approximately $1,667,579.30. The trade was a 8.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of the company's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $38.28, for a total value of $239,250.00. Following the completion of the transaction, the chief accounting officer owned 26,435 shares of the company's stock, valued at $1,011,931.80. This trade represents a 19.12% decrease in their position. The disclosure for this sale can be found here. 1.57% of the stock is owned by 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.

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