Emmett Investment Management LP Makes New Investment in Kilroy Realty Corporation $KRC

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 bought a new position in Kilroy Realty Corporation (NYSE:KRC - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 18,500 shares of the real estate investment trust's stock, valued at approximately $608,000. Kilroy Realty makes up approximately 0.6% of Emmett Investment Management LP's investment portfolio, making the stock its 23rd largest position.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hsbc Holdings PLC boosted its stake in Kilroy Realty by 9.5% during the first quarter. Hsbc Holdings PLC now owns 112,197 shares of the real estate investment trust's stock valued at $3,676,000 after buying an additional 9,754 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Kilroy Realty in the 1st quarter valued at about $966,000. Northern Trust Corp boosted its position 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 valued at $95,785,000 after acquiring an additional 827,365 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of Kilroy Realty by 3.4% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 109,584 shares of the real estate investment trust's stock valued at $3,590,000 after acquiring an additional 3,622 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. grew its holdings in shares of Kilroy Realty by 9.6% during the first quarter. Resona Asset Management Co. Ltd. now owns 46,279 shares of the real estate investment trust's stock worth $1,537,000 after purchasing an additional 4,057 shares in the last quarter. Institutional investors own 94.22% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada lifted their price objective on shares of Kilroy Realty from $39.00 to $40.00 and gave the stock a "sector perform" rating in a report on Thursday, August 7th. Scotiabank cut their price objective on Kilroy Realty from $38.00 to $37.00 and set a "sector underperform" rating for the company in a report on Monday, July 14th. Evercore ISI decreased their price objective on Kilroy Realty from $43.00 to $42.00 and set an "in-line" rating on the stock in a report on Monday, August 18th. Wells Fargo & Company cut their target price on Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating for the company in a research note on Monday, May 19th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Kilroy Realty from $42.00 to $40.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 2nd. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $37.64.

Kilroy Realty Trading Down 0.1%

Shares of Kilroy Realty stock traded down $0.04 during trading on Monday, reaching $40.12. 249,517 shares of the stock were exchanged, compared to its average volume of 1,495,826. Kilroy Realty Corporation has a 1 year low of $27.07 and a 1 year high of $43.78. The firm has a market cap of $4.75 billion, a price-to-earnings ratio of 21.80 and a beta of 1.22. 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 stock's fifty day moving average is $36.69 and its 200 day moving average is $34.26.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $268.84 million. During the same period last year, the company earned $1.10 EPS. The business's quarterly 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. As a group, equities research analysts expect that Kilroy Realty Corporation will post 4 earnings per share for the current fiscal year.

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 stock was 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 approximately $1,667,579.30. This trade represents a 8.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of the company's 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 sale, the chief accounting officer directly owned 26,435 shares of the company's stock, valued at $1,011,931.80. The trade was 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 Company 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.