Entropy Technologies LP Acquires New Holdings in Kilroy Realty Corporation $KRC

Key Points

• Entropy Technologies LP invested approximately $331,000 in Kilroy Realty Corporation by acquiring 10,109 shares during the first quarter.
• Wall Street analysts have mixed ratings for Kilroy Realty, with a consensus rating of "Hold" and a price target of $38.00 following various ratings adjustments by firms including JPMorgan and BMO Capital Markets.
• Kilroy Realty announced a quarterly dividend of $0.54, yielding 5.6%, with a payout ratio of 117.39% and has reported better-than-expected earnings, showing a revenue increase of 3.3% year-over-year.

Entropy Technologies LP bought a new position in Kilroy Realty Corporation (NYSE:KRC - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 10,109 shares of the real estate investment trust's stock, valued at approximately $331,000.

Several other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP grew its position in Kilroy Realty by 192.1% in the 1st quarter. Allworth Financial LP now owns 964 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 634 shares during the last quarter. GF Fund Management CO. LTD. acquired a new stake in Kilroy Realty in the 4th quarter worth $82,000. PNC Financial Services Group Inc. grew its position in Kilroy Realty by 22.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,346 shares of the real estate investment trust's stock worth $110,000 after purchasing an additional 614 shares during the last quarter. Meeder Asset Management Inc. grew its position in Kilroy Realty by 3,410.7% in the 1st quarter. Meeder Asset Management Inc. now owns 3,932 shares of the real estate investment trust's stock worth $129,000 after purchasing an additional 3,820 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in Kilroy Realty by 70.4% in the 1st quarter. Fifth Third Bancorp now owns 4,298 shares of the real estate investment trust's stock worth $141,000 after purchasing an additional 1,775 shares during the last quarter. Institutional investors own 94.22% of the company's stock.

Kilroy Realty Price Performance

Shares of NYSE KRC traded up $0.64 during trading on Tuesday, reaching $38.81. The company had a trading volume of 258,090 shares, compared to its average volume of 1,502,445. Kilroy Realty Corporation has a 52 week low of $27.07 and a 52 week high of $43.78. The stock has a market cap of $4.59 billion, a PE ratio of 21.10 and a beta of 1.22. 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 business's 50 day moving average price is $36.40 and its 200-day moving average price is $34.20.

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 for the quarter, topping analysts' consensus estimates of $1.01 by $0.12. Kilroy Realty had a net margin of 19.29% and a return on equity of 3.92%. The company had revenue of $289.89 million during the quarter, compared to the consensus estimate of $268.84 million. During the same period in the previous year, the firm posted $1.10 earnings per share. The company's revenue was up 3.3% on a year-over-year basis. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. Analysts expect that Kilroy Realty Corporation will post 4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

KRC has been the topic of several research analyst reports. Scotiabank decreased their price target on shares of Kilroy Realty from $38.00 to $37.00 and set a "sector underperform" rating on the stock in a research report on Monday, July 14th. BMO Capital Markets lowered shares of Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 target price on the stock. in a research report on Wednesday, July 16th. Evercore ISI decreased their target price on shares of Kilroy Realty from $43.00 to $42.00 and set an "in-line" rating on the stock in a research report on Monday. Mizuho decreased their target price on shares of Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating on the stock in a research report on Monday, July 14th. Finally, Royal Bank Of Canada lifted their target price on shares of Kilroy Realty from $39.00 to $40.00 and gave the company a "sector perform" rating in a research report on Thursday, August 7th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $37.91.

Insider Buying and Selling

In related news, EVP Eliott Trencher sold 3,997 shares of the business's 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 completion of the sale, the executive vice president directly owned 43,826 shares of the company's stock, valued at $1,667,579.30. The trade was a 8.36% decrease in their ownership of the stock. The transaction 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 business'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 sale, the chief accounting officer directly owned 26,435 shares of the company's stock, valued at approximately $1,011,931.80. This trade represents a 19.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.49% of the company's stock.

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.