Cbre Investment Management Listed Real Assets LLC Sells 54,375 Shares of Kilroy Realty Corporation $KRC

Key Points

• CBRE Investment Management reduced its stake in Kilroy Realty Corporation by 33.6%, selling 54,375 shares to hold 107,514 shares, valued at approximately $3.52 million.
• In the first quarter, other hedge funds such as Allworth Financial and Meeder Asset Management significantly increased their stakes in Kilroy Realty, indicating mixed sentiment among institutional investors.
• Kilroy Realty reported earnings of $1.13 per share, surpassing estimates, with a revenue increase of 3.3% year-over-year, prompting analysts to adjust their price targets for the stock.

Cbre Investment Management Listed Real Assets LLC reduced its holdings in Kilroy Realty Corporation (NYSE:KRC - Free Report) by 33.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,514 shares of the real estate investment trust's stock after selling 54,375 shares during the quarter. Cbre Investment Management Listed Real Assets LLC owned approximately 0.09% of Kilroy Realty worth $3,522,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. US Bancorp DE boosted its holdings in shares of Kilroy Realty by 4.1% in the 1st quarter. US Bancorp DE now owns 10,077 shares of the real estate investment trust's stock worth $330,000 after acquiring an additional 397 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Kilroy Realty by 7.8% during the 1st quarter. Parallel Advisors LLC now owns 5,539 shares of the real estate investment trust's stock worth $181,000 after buying an additional 401 shares in the last quarter. PNC Financial Services Group Inc. lifted 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 buying an additional 614 shares in the last quarter. Allworth Financial LP lifted its holdings in 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 buying an additional 634 shares in the last quarter. Finally, Summit Trail Advisors LLC lifted its holdings in Kilroy Realty by 4.3% during the 1st quarter. Summit Trail Advisors LLC now owns 16,945 shares of the real estate investment trust's stock worth $562,000 after buying an additional 694 shares in the last quarter. 94.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Kilroy Realty from $42.00 to $40.00 and set an "overweight" rating on the stock in a report on Wednesday, July 2nd. Wells Fargo & Company upped their price objective on Kilroy Realty from $33.00 to $40.00 and gave the stock an "equal weight" rating in a report on Wednesday. Royal Bank Of Canada upped their price objective on Kilroy Realty from $39.00 to $40.00 and gave the stock a "sector perform" rating in a report on Thursday, August 7th. Evercore ISI reduced their price objective on Kilroy Realty from $43.00 to $42.00 and set an "in-line" rating on the stock in a report on Monday, August 18th. Finally, The Goldman Sachs Group reaffirmed a "sell" rating and set a $33.00 price objective on shares of Kilroy Realty in a report on Thursday, August 21st. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $38.27.

Kilroy Realty Trading Up 1.7%

Shares of KRC traded up $0.67 during trading hours on Wednesday, reaching $41.18. The stock had a trading volume of 1,455,049 shares, compared to its average volume of 1,500,949. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.82. Kilroy Realty Corporation has a 52 week low of $27.07 and a 52 week high of $43.78. The firm has a 50-day moving average of $36.90 and a 200 day moving average of $34.32. The company has a market cap of $4.87 billion, a P/E ratio of 22.38 and a beta of 1.22.

Kilroy Realty (NYSE:KRC - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.13 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.12. Kilroy Realty had a net margin of 19.29% and a return on equity of 3.92%. The business had revenue of $289.89 million during the quarter, compared to analysts' expectations of $268.84 million. During the same quarter in the prior year, the company earned $1.10 EPS. The firm's quarterly revenue was up 3.3% on a year-over-year basis. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. On average, sell-side analysts expect that Kilroy Realty Corporation will post 4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 6,250 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $38.28, for a total transaction of $239,250.00. Following the completion of the transaction, the chief accounting officer owned 26,435 shares in the company, valued at approximately $1,011,931.80. This represents a 19.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Eliott Trencher sold 3,997 shares of the 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 transaction, 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 disclosure for this sale can be found here. 2.49% of the stock is owned by corporate insiders.

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.