Chicago Partners Investment Group LLC Makes New $384,000 Investment in Kilroy Realty Corporation $KRC

Key Points

• Chicago Partners Investment Group LLC has made a new investment of approximately $384,000 by purchasing 10,155 shares in Kilroy Realty Corporation (NYSE: KRC).
• Kilroy Realty reported a Q2 earnings per share (EPS) of $1.13, exceeding analysts' expectations, with revenue up 3.3% year-over-year, totaling $289.89 million.
• The company recently announced a quarterly dividend of $0.54 per share, translating to an annualized yield of 5.3% and a payout ratio of 117.39%.

Chicago Partners Investment Group LLC bought a new stake in Kilroy Realty Corporation (NYSE:KRC - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,155 shares of the real estate investment trust's stock, valued at approximately $384,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KRC. Cambridge Investment Research Advisors Inc. increased its stake in shares of Kilroy Realty by 23.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,205 shares of the real estate investment trust's stock valued at $203,000 after buying an additional 1,168 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Kilroy Realty in the first quarter valued at $251,000. Asset Management One Co. Ltd. increased its stake in shares of Kilroy Realty by 1.7% in the first quarter. Asset Management One Co. Ltd. now owns 157,796 shares of the real estate investment trust's stock valued at $5,169,000 after buying an additional 2,586 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Kilroy Realty by 0.8% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 179,816 shares of the real estate investment trust's stock valued at $5,891,000 after buying an additional 1,509 shares in the last quarter. Finally, Summit Trail Advisors LLC increased its stake in shares of Kilroy Realty by 4.3% in the first quarter. Summit Trail Advisors LLC now owns 16,945 shares of the real estate investment trust's stock valued at $562,000 after buying an additional 694 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Kilroy Realty Price Performance

Shares of KRC opened at $40.59 on Friday. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.82. Kilroy Realty Corporation has a 1 year low of $27.07 and a 1 year high of $45.03. The stock has a market cap of $4.80 billion, a P/E ratio of 22.06 and a beta of 1.24. The stock's 50-day moving average price is $41.63 and its two-hundred day moving average price is $36.71.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued 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. Kilroy Realty had a return on equity of 3.92% and a net margin of 19.29%.The firm had revenue of $289.89 million for the quarter, compared to analysts' expectations of $268.84 million. During the same quarter last year, the business earned $1.10 earnings per share. The company'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. On average, equities analysts predict that Kilroy Realty Corporation will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 8th. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.54 per share. The ex-dividend date was Tuesday, September 30th. This represents a $2.16 dividend on an annualized basis and a yield of 5.3%. Kilroy Realty's dividend payout ratio (DPR) is 117.39%.

Insider Transactions at Kilroy Realty

In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 6,250 shares of the firm's 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 transaction, the chief accounting officer 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Eliott Trencher sold 3,997 shares of the firm's 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 in the company, 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. 1.57% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on KRC. Jefferies Financial Group upgraded Kilroy Realty from a "hold" rating to a "buy" rating and raised their target price for the company from $33.00 to $45.00 in a research note on Monday, October 13th. Mizuho decreased their price target on Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating on the stock in a report on Monday, July 14th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $44.00 price target (down previously from $46.00) on shares of Kilroy Realty in a report on Friday, October 17th. The Goldman Sachs Group reiterated a "sell" rating and issued a $33.00 price target on shares of Kilroy Realty in a report on Thursday, August 21st. Finally, Wells Fargo & Company raised their price target on Kilroy Realty from $33.00 to $40.00 and gave the company an "equal weight" rating in a report on Wednesday, August 27th. Two investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $41.17.

Kilroy Realty 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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