Connor Clark & Lunn Investment Management Ltd. Takes $360,000 Position in Kilroy Realty Corporation $KRC

Key Points

• Connor Clark & Lunn Investment Management Ltd. acquired 10,990 shares of Kilroy Realty Corporation, valued at approximately $360,000, marking a new position for the firm in the real estate investment trust.
• During the first quarter, several large investors increased their stakes in Kilroy Realty, with 94.22% of shares currently owned by institutional investors.
• Kilroy Realty reported an EPS of $1.13 for the most recent quarter, exceeding consensus estimates and setting FY 2025 guidance at 4.050-4.150 EPS.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Kilroy Realty Corporation (NYSE:KRC - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 10,990 shares of the real estate investment trust's stock, valued at approximately $360,000.

Several other institutional investors have also made changes to their positions in the stock. Resolution Capital Ltd boosted its stake in shares of Kilroy Realty by 12.6% in the fourth quarter. Resolution Capital Ltd now owns 4,487,655 shares of the real estate investment trust's stock valued at $181,526,000 after buying an additional 500,635 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Kilroy Realty by 6.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,265,387 shares of the real estate investment trust's stock valued at $132,087,000 after buying an additional 193,291 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in shares of Kilroy Realty by 29.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,003,920 shares of the real estate investment trust's stock valued at $121,509,000 after buying an additional 680,870 shares during the period. Rush Island Management LP bought a new stake in shares of Kilroy Realty in the fourth quarter valued at approximately $109,502,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Kilroy Realty by 0.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,216,791 shares of the real estate investment trust's stock valued at $72,622,000 after buying an additional 16,175 shares during the period. 94.22% of the stock is currently owned by institutional investors.

Kilroy Realty Trading Up 3.3%

Kilroy Realty stock traded up $1.2920 during trading hours on Friday, reaching $40.1520. 1,194,556 shares of the company's stock were exchanged, compared to its average volume of 1,746,821. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.82. The firm's 50 day simple moving average is $36.69 and its 200 day simple moving average is $34.28. Kilroy Realty Corporation has a twelve month low of $27.07 and a twelve month high of $43.78. The firm has a market capitalization of $4.75 billion, a PE ratio of 21.82 and a beta of 1.22.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued 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. 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 during the quarter, compared to the consensus estimate of $268.84 million. During the same period last year, the business posted $1.10 EPS. The business'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 year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on KRC shares. Royal Bank Of Canada boosted their price target on Kilroy Realty from $39.00 to $40.00 and gave the company a "sector perform" rating in a research note on Thursday, August 7th. BMO Capital Markets downgraded Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 price objective on the stock. in a report on Wednesday, July 16th. JPMorgan Chase & Co. lowered 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. Zacks Research raised Kilroy Realty to a "hold" rating in a research report on Friday, August 8th. Finally, The Goldman Sachs Group reaffirmed a "sell" rating and set a $33.00 target price on shares of Kilroy Realty in a research report on Thursday. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $37.64.

Insider Activity

In other news, 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 completion of the sale, the executive vice president directly owned 43,826 shares in the company, valued at $1,667,579.30. This trade represents a 8.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of the firm's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $38.28, for a total value of $239,250.00. Following the completion of the sale, the chief accounting officer owned 26,435 shares of the company's stock, valued at approximately $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. Company insiders own 1.57% of the company's stock.

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.