Camelot Portfolios LLC Cuts Stock Position in Kilroy Realty Corporation $KRC

Key Points

• Camelot Portfolios LLC reduced its holdings in Kilroy Realty Corporation by 46.3% during the second quarter, now owning 16,262 shares valued at approximately $558,000.
• KRC reported earnings of $1.13 per share for the last quarter, exceeding analysts' expectations, with revenue totaling $289.89 million.
• The company announced a quarterly dividend of $0.54 per share, representing an annual yield of 5.1%, despite a dividend payout ratio of 117.39%.

Camelot Portfolios LLC trimmed its position in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) by 46.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,262 shares of the real estate investment trust's stock after selling 14,040 shares during the quarter. Camelot Portfolios LLC's holdings in Kilroy Realty were worth $558,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the business. American National Bank & Trust acquired a new stake in Kilroy Realty in the 2nd quarter valued at about $25,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Kilroy Realty by 1.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 190,632 shares of the real estate investment trust's stock valued at $6,541,000 after buying an additional 2,652 shares during the period. Fifth Third Bancorp raised its position in Kilroy Realty by 36.9% in the second quarter. Fifth Third Bancorp now owns 5,886 shares of the real estate investment trust's stock worth $202,000 after acquiring an additional 1,588 shares in the last quarter. UMB Bank n.a. raised its holdings in Kilroy Realty by 46.0% during the second quarter. UMB Bank n.a. now owns 1,694 shares of the real estate investment trust's stock worth $58,000 after purchasing an additional 534 shares during the last quarter. Finally, HF Advisory Group LLC raised its holdings in shares of Kilroy Realty by 38.1% in the second quarter. HF Advisory Group LLC now owns 66,993 shares of the real estate investment trust's stock worth $2,298,000 after acquiring an additional 18,488 shares during the last quarter. 94.22% of the stock is currently owned by hedge funds and other institutional investors.

Kilroy Realty Stock Performance

KRC stock opened at $42.60 on Friday. The business's 50-day moving average price is $40.27 and its two-hundred day moving average price is $35.68. 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 $5.04 billion, a PE ratio of 23.15 and a beta of 1.26. Kilroy Realty Corporation has a 1-year low of $27.07 and a 1-year high of $45.03.

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

Kilroy Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.54 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.16 annualized dividend and a yield of 5.1%. Kilroy Realty's dividend payout ratio is presently 117.39%.

Wall Street Analyst Weigh In

KRC has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their target price on Kilroy Realty from $42.00 to $40.00 and set an "overweight" rating for the company in a research report on Wednesday, July 2nd. Wells Fargo & Company increased their price target on Kilroy Realty from $33.00 to $40.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 27th. Barclays reiterated an "equal weight" rating and set a $43.00 price target on shares of Kilroy Realty in a research report on Thursday, September 4th. Scotiabank raised Kilroy Realty from a "sector underperform" rating to a "sector perform" rating and raised their target price for the stock from $40.00 to $47.00 in a research report on Wednesday, September 17th. Finally, Evercore ISI raised their target price on Kilroy Realty from $42.00 to $46.00 and gave the company an "in-line" rating in a report on Monday, September 8th. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $39.45.

Insider Buying and Selling at Kilroy Realty

In other Kilroy Realty news, EVP Eliott Trencher sold 3,997 shares of the company's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $38.05, for a total transaction of $152,085.85. Following the completion of the sale, the executive vice president directly owned 43,826 shares in the company, valued at $1,667,579.30. This represents 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 available at the SEC website. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of the company's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $38.28, for a total transaction of $239,250.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. 1.57% of the stock is owned by corporate insiders.

Kilroy Realty Company 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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