Caxton Associates LLP Invests $869,000 in Kilroy Realty Corporation $KRC

Key Points

• Caxton Associates LLP has invested approximately $869,000 in Kilroy Realty Corporation by purchasing 26,517 shares of the company.
• Over 94% of Kilroy Realty's stock is owned by institutional investors, indicating strong interest from large financial players.
• Analysts have mixed ratings on Kilroy Realty, with two analysts giving it a Buy rating, while seven rated it Hold, and three assigned a Sell rating.

Caxton Associates LLP purchased a new stake in Kilroy Realty Corporation (NYSE:KRC - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 26,517 shares of the real estate investment trust's stock, valued at approximately $869,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Nissay Asset Management Corp Japan ADV raised its position in shares of Kilroy Realty by 2.4% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 15,632 shares of the real estate investment trust's stock valued at $512,000 after buying an additional 369 shares during the last quarter. US Bancorp DE increased its stake in Kilroy Realty by 4.1% during the first quarter. US Bancorp DE now owns 10,077 shares of the real estate investment trust's stock valued at $330,000 after acquiring an additional 397 shares during the period. Parallel Advisors LLC raised its holdings in Kilroy Realty by 7.8% in the 1st quarter. Parallel Advisors LLC now owns 5,539 shares of the real estate investment trust's stock valued at $181,000 after acquiring an additional 401 shares in the last quarter. PNC Financial Services Group Inc. lifted its position 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 worth $110,000 after acquiring an additional 614 shares during the period. Finally, Allworth Financial LP grew its holdings 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. Institutional investors own 94.22% of the company's stock.

Kilroy Realty Price Performance

Shares of NYSE:KRC traded up $0.62 on Tuesday, hitting $44.22. The stock had a trading volume of 3,322,455 shares, compared to its average volume of 1,209,346. The firm's 50 day moving average price is $39.13 and its 200-day moving average price is $35.11. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.35 and a current ratio of 2.35. Kilroy Realty Corporation has a twelve month low of $27.07 and a twelve month high of $44.34. The company has a market capitalization of $5.23 billion, a price-to-earnings ratio of 24.03 and a beta of 1.26.

Kilroy Realty (NYSE:KRC - Get Free Report) last announced its earnings results 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 business had revenue of $289.89 million during the quarter, compared to analysts' expectations of $268.84 million. Kilroy Realty had a net margin of 19.29% and a return on equity of 3.92%. The firm's revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the company posted $1.10 EPS. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. On average, equities research analysts predict that Kilroy Realty Corporation will post 4 earnings per share for the current year.

Kilroy Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 30th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.9%. Kilroy Realty's dividend payout ratio (DPR) is currently 117.39%.

Insider Activity at Kilroy Realty

In related news, EVP Eliott Trencher sold 3,997 shares of the stock in a transaction that occurred 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of the firm'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 sale, the chief accounting officer directly owned 26,435 shares of the company's stock, valued at $1,011,931.80. This represents a 19.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.49% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Evercore ISI upped their target price on Kilroy Realty from $42.00 to $46.00 and gave the company an "in-line" rating in a research note on Monday, September 8th. Royal Bank Of Canada increased 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. Mizuho reduced their price objective on shares of Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating for the company in a report on Monday, July 14th. The Goldman Sachs Group reiterated a "sell" rating and set a $33.00 target price on shares of Kilroy Realty in a research report on Thursday, August 21st. Finally, Wells Fargo & Company increased their price target on shares of Kilroy Realty from $33.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 27th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Kilroy Realty currently has an average rating of "Reduce" and an average target price of $38.82.

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.