Caxton Associates LLP Acquires New Shares 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 acquired a new position in Kilroy Realty Corporation (NYSE:KRC - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 26,517 shares of the real estate investment trust's stock, valued at approximately $869,000.

Other large investors also recently modified their holdings of the company. Allworth Financial LP boosted its position in shares of Kilroy Realty by 192.1% during the first quarter. Allworth Financial LP now owns 964 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 634 shares during the last quarter. GF Fund Management CO. LTD. bought a new position in Kilroy Realty during the 4th quarter valued at $82,000. PNC Financial Services Group Inc. boosted its holdings in Kilroy Realty by 22.5% during 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 last quarter. Meeder Asset Management Inc. grew its stake in shares of Kilroy Realty by 3,410.7% in the 1st quarter. Meeder Asset Management Inc. now owns 3,932 shares of the real estate investment trust's stock worth $129,000 after acquiring an additional 3,820 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of Kilroy Realty by 70.4% in the 1st quarter. Fifth Third Bancorp now owns 4,298 shares of the real estate investment trust's stock worth $141,000 after acquiring an additional 1,775 shares in the last quarter. Institutional investors own 94.22% of the company's stock.

Insider Buying and Selling at Kilroy Realty

In related news, EVP Eliott Trencher sold 3,997 shares of Kilroy Realty stock in a transaction dated 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 sale, the executive vice president owned 43,826 shares of the company's stock, valued at approximately $1,667,579.30. This trade represents a 8.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of the company's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $38.28, for a total transaction of $239,250.00. Following the sale, the chief accounting officer directly owned 26,435 shares in the company, valued at approximately $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 currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on KRC. Royal Bank Of Canada raised their price target on shares of Kilroy Realty from $39.00 to $40.00 and gave the company a "sector perform" rating in a research report on Thursday, August 7th. BMO Capital Markets lowered shares of Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 price objective for the company. in a research note on Wednesday, July 16th. Wells Fargo & Company boosted their target price on Kilroy Realty from $33.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 27th. 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 report on Monday, September 8th. Finally, Mizuho decreased their price target on Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating for the company in a research report on Monday, July 14th. 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 company. According to data from MarketBeat, the company currently has an average rating of "Reduce" and an average price target of $38.82.

Kilroy Realty Stock Performance

Shares of KRC stock traded up $0.26 during trading hours on Friday, hitting $43.21. 1,077,763 shares of the company were exchanged, compared to its average volume of 1,197,938. 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 stock has a market capitalization of $5.11 billion, a price-to-earnings ratio of 23.48 and a beta of 1.26. The firm has a fifty day simple moving average of $38.76 and a 200 day simple moving average of $34.99. Kilroy Realty Corporation has a 52-week low of $27.07 and a 52-week high of $43.78.

Kilroy Realty (NYSE:KRC - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating 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 business had revenue of $289.89 million during the quarter, compared to analyst estimates of $268.84 million. During the same period in the prior year, the company earned $1.10 earnings per share. Kilroy Realty's 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. Research analysts predict that Kilroy Realty Corporation will post 4 earnings per share for the current fiscal year.

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.