Bayforest Capital Ltd Makes New Investment in Kilroy Realty Corporation $KRC

Key Points

• Bayforest Capital Ltd has invested $412,000 in Kilroy Realty Corporation, acquiring 12,586 shares of the real estate investment trust (REIT).
• Insider selling has been reported, with EVP Eliott Trencher and CAO Merryl Elizabeth Werber collectively selling nearly 10,000 shares of Kilroy Realty in August.
• Kilroy Realty recently posted earnings of $1.13 per share, exceeding analysts' expectations and signaling a 3.3% year-over-year increase in revenue for the quarter.

Bayforest Capital Ltd acquired a new position in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,586 shares of the real estate investment trust's stock, valued at approximately $412,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KRC. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Kilroy Realty by 0.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 152,846 shares of the real estate investment trust's stock valued at $5,007,000 after buying an additional 1,320 shares in the last quarter. United Services Automobile Association bought a new stake in Kilroy Realty in the first quarter valued at approximately $229,000. Caxton Associates LLP bought a new stake in shares of Kilroy Realty during the first quarter worth $869,000. Goldman Sachs Group Inc. grew its position in Kilroy Realty by 6.5% in the first quarter. Goldman Sachs Group Inc. now owns 861,043 shares of the real estate investment trust's stock valued at $28,208,000 after purchasing an additional 52,333 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Kilroy Realty in the first quarter valued at $721,000. Institutional investors own 94.22% of the company's stock.

Insider Buying and Selling

In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 6,250 shares of the company'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 completion of the transaction, the chief accounting officer directly owned 26,435 shares in the company, valued at $1,011,931.80. This represents a 19.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Eliott Trencher sold 3,997 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the executive vice president 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. Insiders own 1.57% of the company's stock.

Kilroy Realty Stock Up 0.3%

Kilroy Realty stock traded up $0.15 on Monday, hitting $43.32. 524,181 shares of the stock traded hands, compared to its average volume of 1,479,536. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.82. The firm has a market cap of $5.12 billion, a P/E ratio of 23.53 and a beta of 1.26. The business's fifty day simple moving average is $38.76 and its 200 day simple moving average is $34.99. Kilroy Realty Corporation has a 1 year low of $27.07 and a 1 year high of $43.78.

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on KRC. JPMorgan Chase & Co. cut their target price on shares of Kilroy Realty from $42.00 to $40.00 and set an "overweight" rating for the company in a research note on Wednesday, July 2nd. Wells Fargo & Company lifted their price target on shares of Kilroy Realty from $33.00 to $40.00 and gave the company an "equal weight" rating in a report on Wednesday, August 27th. Scotiabank boosted their target price on shares of Kilroy Realty from $37.00 to $40.00 and gave the stock a "sector underperform" rating in a report on Thursday, August 28th. Mizuho reduced 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. Finally, Royal Bank Of Canada upped their price objective 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. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus price target of $38.82.

About Kilroy Realty

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.