18,500 Shares in Kilroy Realty Corporation $KRC Purchased by Emmett Investment Management LP

Key Points

• Emmett Investment Management LP has acquired 18,500 shares of Kilroy Realty Corporation, valued at approximately $608,000, making it 0.6% of their investment portfolio.
• Several institutional investors have increased their stakes in Kilroy Realty, with notable increases from Wells Fargo and Envestnet, as institutional ownership now stands at 94.22%.
• Kilroy Realty recently reported a quarterly earnings per share of $1.13, exceeding analysts' expectations of $1.01, and set a fiscal year 2025 guidance of 4.050-4.150 EPS.

Emmett Investment Management LP purchased a new position in Kilroy Realty Corporation (NYSE:KRC - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 18,500 shares of the real estate investment trust's stock, valued at approximately $608,000. Kilroy Realty comprises approximately 0.6% of Emmett Investment Management LP's holdings, making the stock its 23rd largest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in KRC. Rush Island Management LP purchased a new position in shares of Kilroy Realty in the fourth quarter worth $109,502,000. Bamco Inc. NY purchased a new position in shares of Kilroy Realty during the fourth quarter worth $58,747,000. Northern Trust Corp raised its holdings in shares of Kilroy Realty by 107.5% during the fourth quarter. Northern Trust Corp now owns 2,096,471 shares of the real estate investment trust's stock worth $84,802,000 after purchasing an additional 1,085,914 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of Kilroy Realty by 1,226.2% during the fourth 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. Finally, Castle Hook Partners LP purchased a new position in shares of Kilroy Realty during the fourth quarter worth $30,262,000. Hedge funds and other institutional investors own 94.22% of the company's stock.

Insider Activity

In other news, EVP Eliott Trencher sold 3,997 shares of Kilroy Realty stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $38.05, for a total value of $152,085.85. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of Kilroy Realty stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $38.28, for a total transaction of $239,250.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. 1.57% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Evercore ISI reduced their target price on shares of Kilroy Realty from $43.00 to $42.00 and set an "in-line" rating for the company in a report on Monday, August 18th. BMO Capital Markets cut shares of Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 target price for the company. in a report on Wednesday, July 16th. Scotiabank reduced their target price 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. Zacks Research raised shares of Kilroy Realty to a "hold" rating in a report on Friday, August 8th. Finally, Wells Fargo & Company reduced their target price 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. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $37.64.

Kilroy Realty Stock Performance

KRC traded up $1.2920 on Friday, reaching $40.1520. The stock had a trading volume of 1,194,556 shares, compared to its average volume of 1,746,821. Kilroy Realty Corporation has a 12-month low of $27.07 and a 12-month high of $43.78. 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 business's 50-day moving average price is $36.69 and its two-hundred day moving average price is $34.30. The company has a market cap of $4.75 billion, a P/E ratio of 21.82 and a beta of 1.22.

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, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $268.84 million. During the same quarter last year, the business earned $1.10 earnings per share. The company's revenue for the quarter 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. Sell-side analysts forecast that Kilroy Realty Corporation will post 4 earnings per share for the current year.

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.