Dynamic Technology Lab Private Ltd Invests $721,000 in Kilroy Realty Corporation $KRC

Key Points

• Dynamic Technology Lab Private Ltd invested approximately $721,000 in Kilroy Realty Corporation by acquiring 21,998 shares in the first quarter.
• A significant 92% of Kilroy Realty's stock is owned by hedge funds and institutional investors, indicating strong institutional interest in the company.
• Recent earnings showed Kilroy Realty posted a EPS of $1.13, surpassing analysts' expectations, contributing to a year-over-year revenue increase of 3.3%.

Dynamic Technology Lab Private Ltd bought a new position in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 21,998 shares of the real estate investment trust's stock, valued at approximately $721,000.

Several other hedge funds have also recently modified their holdings of KRC. Rush Island Management LP bought a new position in shares of Kilroy Realty during the 4th quarter worth approximately $109,502,000. Northern Trust Corp increased its stake in shares of Kilroy Realty by 39.5% during the 1st quarter. Northern Trust Corp now owns 2,923,836 shares of the real estate investment trust's stock worth $95,785,000 after purchasing an additional 827,365 shares during the last quarter. Deutsche Bank AG increased its stake in shares of Kilroy Realty by 1,226.2% during the 4th quarter. Deutsche Bank AG now owns 815,491 shares of the real estate investment trust's stock worth $32,987,000 after purchasing an additional 753,999 shares during the last quarter. Long Pond Capital LP purchased a new stake in shares of Kilroy Realty during the 1st quarter worth approximately $24,183,000. Finally, Resolution Capital Ltd increased its stake in shares of Kilroy Realty by 12.6% during the 4th quarter. Resolution Capital Ltd now owns 4,487,655 shares of the real estate investment trust's stock worth $181,526,000 after purchasing an additional 500,635 shares during the last quarter. Institutional investors own 94.22% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on KRC shares. Royal Bank Of Canada lifted their price objective on shares of 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 lowered shares of Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 price target for the company. in a research report on Wednesday, July 16th. JPMorgan Chase & Co. dropped their price objective 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. Barclays reaffirmed an "equal weight" rating and set a $43.00 price objective on shares of Kilroy Realty in a report on Thursday, September 4th. Finally, Wells Fargo & Company lifted their price objective on shares of Kilroy Realty from $33.00 to $40.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 27th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus price target of $38.82.

Insider Activity at Kilroy Realty

In related news, EVP Eliott Trencher sold 3,997 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $38.05, for a total transaction of $152,085.85. Following the transaction, the executive vice president owned 43,826 shares in the company, valued at $1,667,579.30. This represents a 8.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of the stock in a transaction that occurred on 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 $1,011,931.80. The trade was a 19.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.57% of the company's stock.

Kilroy Realty Trading Up 0.6%

Shares of NYSE KRC traded up $0.26 during midday trading on Friday, hitting $43.21. 1,077,763 shares of the company traded hands, compared to its average volume of 1,197,938. Kilroy Realty Corporation has a 12-month low of $27.07 and a 12-month high of $43.78. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.35 and a current ratio of 2.35. The stock has a 50-day moving average price of $38.76 and a 200 day moving average price of $34.99. The firm has a market cap of $5.11 billion, a P/E ratio of 23.48 and a beta of 1.26.

Kilroy Realty (NYSE:KRC - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.12. The company had revenue of $289.89 million for 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%. Kilroy Realty's quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.10 earnings per share. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. As a group, analysts expect that Kilroy Realty Corporation will post 4 earnings per share for the current year.

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.