BlackRock Inc. Acquires New Stake in Kilroy Realty Corporation $KRC

Key Points

• BlackRock acquired 15.5 million shares of Kilroy Realty in the second quarter, worth approximately $581 million and representing about 13.33% of the REIT. Institutional investors collectively own 94.22% of KRC.
• Analyst sentiment is mixed but leans neutral: Bank of America upgraded KRC to “buy,” while the broader consensus remains “Hold” with a $39.13 price target.
• Kilroy Realty reported quarterly EPS of $0.17, well below the $0.90 estimate, although revenue of $272.37 million exceeded expectations. Revenue declined 6% year over year, and the stock recently traded at $36.52.

BlackRock Inc. acquired a new position in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 15,505,821 shares of the real estate investment trust's stock, valued at approximately $581,003,000. BlackRock Inc. owned about 13.33% of Kilroy Realty as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of KRC. Principal Financial Group Inc. raised its holdings in 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 purchasing an additional 994,299 shares in the last quarter. Nan Fung Trinity HK Ltd. boosted its holdings in Kilroy Realty by 172.4% in the 4th quarter. Nan Fung Trinity HK Ltd. now owns 210,800 shares of the real estate investment trust's stock valued at $7,878,000 after purchasing an additional 133,400 shares in the last quarter. Situational Awareness LP purchased a new stake in Kilroy Realty in the 4th quarter valued at approximately $49,616,000. Hsbc Holdings PLC increased its position in Kilroy Realty by 29.1% during the 1st quarter. Hsbc Holdings PLC now owns 258,707 shares of the real estate investment trust's stock worth $7,303,000 after purchasing an additional 58,337 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in Kilroy Realty during the 2nd quarter worth approximately $1,568,000. Hedge funds and other institutional investors own 94.22% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on KRC shares. Bank of America raised Kilroy Realty from a "neutral" rating to a "buy" rating and raised their price target for the company from $42.00 to $44.00 in a report on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $33.00 price objective on shares of Kilroy Realty in a research report on Tuesday, May 12th. Wall Street Zen upgraded shares of Kilroy Realty from a "sell" rating to a "hold" rating in a research report on Saturday, August 15th. Scotiabank upped their price target on shares of Kilroy Realty from $38.00 to $41.00 and gave the stock a "sector perform" rating in a research note on Tuesday, July 21st. Finally, Weiss Ratings upgraded shares of Kilroy Realty from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, July 1st. Five equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Kilroy Realty presently has a consensus rating of "Hold" and a consensus price target of $39.13.

Kilroy Realty Trading Down 0.2%

Shares of KRC stock opened at $36.52 on Monday. Kilroy Realty Corporation has a fifty-two week low of $27.36 and a fifty-two week high of $45.03. The stock has a market cap of $4.25 billion, a P/E ratio of 25.72 and a beta of 1.11. The business has a fifty day simple moving average of $38.16 and a 200-day simple moving average of $34.19. 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 (NYSE:KRC - Get Free Report) last released 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 return on equity of 3.04% and a net margin of 15.47%.The firm had revenue of $272.37 million for the quarter, compared to analyst estimates of $267.39 million. During the same period last year, the firm earned $1.13 EPS. The company's quarterly revenue was down 6.0% compared to the same quarter last year. Kilroy Realty has set its FY 2026 guidance at 3.490-3.630 EPS. On average, analysts forecast that Kilroy Realty Corporation will post 3.58 earnings per share for the current fiscal year.

Insider Transactions at Kilroy Realty

In other news, Director Jolie A. Hunt sold 15,800 shares of the stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $37.79, for a total value of $597,082.00. Following the sale, the director directly owned 13,892 shares in the company, valued at $524,978.68. This represents a 53.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Justin William Smart sold 10,848 shares of the firm's stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $38.71, for a total transaction of $419,926.08. Following the transaction, the president directly owned 519,872 shares of the company's stock, valued at approximately $20,124,245.12. This trade represents a 2.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.83% of the company's stock.

Kilroy Realty 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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