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

Several other large investors have also modified their holdings of KRC. Rush Island Management LP bought a new stake in shares of Kilroy Realty during the 4th quarter worth $109,502,000. Bamco Inc. NY bought a new stake in Kilroy Realty in the 4th quarter valued at $58,747,000. Northern Trust Corp boosted its holdings in Kilroy Realty by 107.5% in the 4th quarter. Northern Trust Corp now owns 2,096,471 shares of the real estate investment trust's stock valued at $84,802,000 after purchasing an additional 1,085,914 shares during the period. Deutsche Bank AG boosted its holdings in Kilroy Realty by 1,226.2% in the 4th quarter. Deutsche Bank AG now owns 815,491 shares of the real estate investment trust's stock valued at $32,987,000 after purchasing an additional 753,999 shares during the period. Finally, Castle Hook Partners LP bought a new stake in Kilroy Realty in the 4th quarter valued at $30,262,000. 94.22% of the stock is owned by institutional investors.

Kilroy Realty Price Performance

Shares of Kilroy Realty stock traded up $0.3290 during mid-day trading on Monday, reaching $40.4890. 970,438 shares of the stock were exchanged, compared to its average volume of 1,708,727. The company has a market cap of $4.79 billion, a price-to-earnings ratio of 22.01 and a beta of 1.22. 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 firm has a 50-day simple moving average of $36.79 and a 200 day simple moving average of $34.28. Kilroy Realty Corporation has a fifty-two week low of $27.07 and a fifty-two week high of $43.78.

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, sell-side analysts predict that Kilroy Realty Corporation will post 4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on KRC shares. JPMorgan Chase & Co. reduced their price target on shares of Kilroy Realty from $42.00 to $40.00 and set an "overweight" rating for the company in a report on Wednesday, July 2nd. The Goldman Sachs Group reissued a "sell" rating and issued a $33.00 price target on shares of Kilroy Realty in a report on Thursday. Wells Fargo & Company reduced their price target on shares of Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. Zacks Research raised shares of Kilroy Realty to a "hold" rating in a report on Friday, August 8th. Finally, Scotiabank reduced their price target on shares of Kilroy Realty from $38.00 to $37.00 and set a "sector underperform" rating for the company in a report on Monday, July 14th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $37.64.

Insider Transactions at Kilroy Realty

In related news, EVP Eliott Trencher sold 3,997 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $38.05, for a total transaction of $152,085.85. Following the completion of the sale, the executive vice president 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 document filed with the SEC, which is available through the SEC website. Also, 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 sale, the chief accounting officer owned 26,435 shares of the company's stock, valued at $1,011,931.80. This trade represents a 19.12% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.49% 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.