Investors Research Corp Makes New $554,000 Investment in Kilroy Realty Corporation $KRC

Key Points

• Investors Research Corp made a new investment of $554,000 in Kilroy Realty Corporation, acquiring 16,150 shares during the 2nd quarter.
• Kilroy Realty reported $1.13 earnings per share for the last quarter, exceeding analysts' expectations by $0.12, with revenue of $289.89 million.
• Research analysts have varied ratings for Kilroy Realty; while Scotiabank upgraded its price target to $40.00, BMO Capital Markets downgraded it to $35.00.

Investors Research Corp purchased a new position in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 16,150 shares of the real estate investment trust's stock, valued at approximately $554,000.

Other hedge funds have also recently modified their holdings of the company. Nissay Asset Management Corp Japan ADV increased its stake in shares of Kilroy Realty by 2.4% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 15,632 shares of the real estate investment trust's stock worth $512,000 after purchasing an additional 369 shares in the last quarter. US Bancorp DE grew its holdings in Kilroy Realty by 4.1% during the first quarter. US Bancorp DE now owns 10,077 shares of the real estate investment trust's stock valued at $330,000 after purchasing an additional 397 shares during the period. Parallel Advisors LLC increased its position in Kilroy Realty by 7.8% in the first quarter. Parallel Advisors LLC now owns 5,539 shares of the real estate investment trust's stock worth $181,000 after buying an additional 401 shares in the last quarter. Intrua Financial LLC increased its position in Kilroy Realty by 8.3% in the first quarter. Intrua Financial LLC now owns 6,722 shares of the real estate investment trust's stock worth $220,000 after buying an additional 513 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake 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 worth $110,000 after buying an additional 614 shares during the period. Institutional investors own 94.22% of the company's stock.

Kilroy Realty Trading Up 0.6%

Kilroy Realty stock opened at $43.21 on Friday. Kilroy Realty Corporation has a 1 year low of $27.07 and a 1 year high of $43.78. The firm's 50 day moving average price is $38.76 and its 200-day moving average price is $34.99. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.35 and a quick ratio of 2.35. The stock 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 issued 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. The firm had revenue of $289.89 million during the quarter, compared to analyst estimates of $268.84 million. Kilroy Realty had a net margin of 19.29% and a return on equity of 3.92%. Kilroy Realty's revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.10 earnings per share. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. On average, equities analysts predict that Kilroy Realty Corporation will post 4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Scotiabank boosted their price objective on Kilroy Realty from $37.00 to $40.00 and gave the company a "sector underperform" rating in a research note on Thursday, August 28th. Mizuho lowered their price target on shares of Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating on the stock in a report on Monday, July 14th. Wells Fargo & Company increased their price objective on shares of Kilroy Realty from $33.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 27th. BMO Capital Markets downgraded shares of Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 price objective on the stock. in a research report on Wednesday, July 16th. Finally, Evercore ISI lifted their target price on shares of Kilroy Realty from $42.00 to $46.00 and gave the company an "in-line" rating in a research note on Monday, September 8th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, Kilroy Realty presently has a consensus rating of "Reduce" and an average price target of $38.82.

Insider Activity

In related news, EVP Eliott Trencher sold 3,997 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 43,826 shares of the company's stock, valued at approximately $1,667,579.30. This represents a 8.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of the firm's stock in a transaction that occurred 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 transaction, the chief accounting officer owned 26,435 shares of the company's stock, valued at $1,011,931.80. This 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 corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.