Freestone Capital Holdings LLC Sells 11,775 Shares of Kilroy Realty Corporation $KRC

Key Points

• Freestone Capital Holdings LLC reduced its holdings in Kilroy Realty Corporation (NYSE: KRC) by 33.3% in Q1, owning 23,622 shares valued at $774,000 after selling 11,775 shares during the period.
• Institutional investors own 94.22% of Kilroy Realty's stock, with significant increases in holdings from firms like Allworth Financial LP and Meeder Asset Management during the same quarter.
• Kilroy Realty recently announced a quarterly dividend of $0.54 per share, equating to an annualized amount of $2.16 and a yield of 5.6%, even with a payout ratio of 117.39%.

Freestone Capital Holdings LLC lowered its position in Kilroy Realty Corporation (NYSE:KRC - Free Report) by 33.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,622 shares of the real estate investment trust's stock after selling 11,775 shares during the period. Freestone Capital Holdings LLC's holdings in Kilroy Realty were worth $774,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Allworth Financial LP increased its holdings in shares of Kilroy Realty by 192.1% in the first quarter. Allworth Financial LP now owns 964 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 634 shares in the last quarter. GF Fund Management CO. LTD. acquired a new stake in shares of Kilroy Realty in the fourth quarter valued at approximately $82,000. PNC Financial Services Group Inc. increased its holdings in shares of Kilroy Realty by 22.5% in the first quarter. PNC Financial Services Group Inc. now owns 3,346 shares of the real estate investment trust's stock valued at $110,000 after purchasing an additional 614 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in shares of Kilroy Realty by 3,410.7% in the first quarter. Meeder Asset Management Inc. now owns 3,932 shares of the real estate investment trust's stock valued at $129,000 after purchasing an additional 3,820 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of Kilroy Realty by 70.4% in the first quarter. Fifth Third Bancorp now owns 4,298 shares of the real estate investment trust's stock valued at $141,000 after purchasing an additional 1,775 shares in the last quarter. Institutional investors own 94.22% of the company's stock.

Wall Street Analyst Weigh In

KRC has been the subject of a number of research reports. JPMorgan Chase & Co. lowered 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. Evercore ISI lowered 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. BMO Capital Markets lowered 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. Finally, Zacks Research raised shares of Kilroy Realty to a "hold" rating in a report on Friday, August 8th. Three investment 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. Based on data from MarketBeat, Kilroy Realty has an average rating of "Hold" and an average price target of $37.64.

Insider Buying and Selling at Kilroy Realty

In related news, CAO Merryl Elizabeth Werber sold 6,250 shares of the business's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $38.28, for a total value 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. The trade was a 19.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Eliott Trencher sold 3,997 shares of the business's stock in a transaction 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 in the company, valued at $1,667,579.30. This represents a 8.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.57% of the company's stock.

Kilroy Realty Trading Up 3.3%

Shares of KRC stock traded up $1.2920 on Friday, hitting $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 twelve month low of $27.07 and a twelve month high of $43.78. The firm has a market cap of $4.75 billion, a P/E ratio of 21.82 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 company has a fifty day moving average price of $36.69 and a two-hundred day moving average price of $34.30.

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. 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 analyst estimates of $268.84 million. During the same quarter in the previous year, the business earned $1.10 EPS. The firm'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. As a group, analysts forecast that Kilroy Realty Corporation will post 4 earnings per share for the current fiscal 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.