Beacon Pointe Advisors LLC Buys New Position in Kilroy Realty Corporation $KRC

Key Points

• Beacon Pointe Advisors acquired 58,790 shares of Kilroy Realty in the second quarter, valued at approximately $2.2 million. Institutional investors collectively own 94.22% of the REIT.
• Kilroy Realty reported quarterly EPS of $0.17, missing the $0.90 consensus estimate, while revenue of $272.37 million exceeded expectations but declined 6% year over year.
• Analysts maintain a consensus “Hold” rating with an average price target of $39.13, compared with the stock’s reported opening price of $36.24.

Beacon Pointe Advisors LLC bought a new stake in Kilroy Realty Corporation (NYSE:KRC - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 58,790 shares of the real estate investment trust's stock, valued at approximately $2,203,000. Beacon Pointe Advisors LLC owned approximately 0.05% of Kilroy Realty at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in Kilroy Realty during the 2nd quarter worth approximately $581,003,000. Norges Bank acquired a new position in shares of Kilroy Realty in the fourth quarter worth $340,131,000. State Street Corp increased its position in shares of Kilroy Realty by 1.2% during the second quarter. State Street Corp now owns 5,841,917 shares of the real estate investment trust's stock worth $203,514,000 after acquiring an additional 67,546 shares during the period. Principal Financial Group Inc. increased its position in shares of Kilroy Realty by 23.5% during the fourth quarter. Principal Financial Group Inc. now owns 5,228,666 shares of the real estate investment trust's stock worth $195,396,000 after acquiring an additional 994,299 shares during the period. Finally, Rush Island Management LP raised its stake in shares of Kilroy Realty by 84.5% in the first 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 acquiring an additional 2,226,821 shares in the last quarter. Institutional investors and hedge funds own 94.22% of the company's stock.

Kilroy Realty Stock Performance

Shares of Kilroy Realty stock opened at $36.24 on Friday. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 0.83. Kilroy Realty Corporation has a 52 week low of $27.36 and a 52 week high of $45.03. The firm's 50 day moving average is $38.11 and its two-hundred day moving average is $34.28. The firm has a market capitalization of $4.22 billion, a P/E ratio of 25.52 and a beta of 1.11.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued its earnings results on Monday, July 27th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.73). The company had revenue of $272.37 million during the quarter, compared to analyst estimates of $267.39 million. Kilroy Realty had a net margin of 15.47% and a return on equity of 3.04%. The company's quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.13 EPS. Kilroy Realty has set its FY 2026 guidance at 3.490-3.630 EPS. Research analysts forecast that Kilroy Realty Corporation will post 3.59 EPS for the current fiscal year.

Insider Buying and Selling at Kilroy Realty

In other news, Director Jolie A. Hunt sold 15,800 shares of the business's stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $37.79, for a total value of $597,082.00. Following the completion of the sale, the director directly owned 13,892 shares of the company's stock, valued at approximately $524,978.68. The trade was a 53.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Justin William Smart sold 10,848 shares of the business's 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 sale, the president directly 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. Corporate insiders own 0.83% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. BMO Capital Markets upped their price target on Kilroy Realty from $34.00 to $38.00 and gave the stock a "market perform" rating in a report on Monday, June 15th. Citigroup lifted their price objective on Kilroy Realty from $34.00 to $40.00 and gave the company a "neutral" rating in a research note on Thursday, July 30th. Wall Street Zen upgraded shares of Kilroy Realty from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. UBS Group set a $44.00 target price on shares of Kilroy Realty in a research note on Tuesday, June 16th. Finally, Evercore raised shares of Kilroy Realty from an "in-line" rating to an "outperform" rating and set a $42.00 target price on the stock in a report on Monday, June 8th. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $39.13.

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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