Investors Research Corp Buys Shares of 16,150 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 bought a new position in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,150 shares of the real estate investment trust's stock, valued at approximately $554,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kera Capital Partners Inc. purchased a new position in Kilroy Realty in the second quarter valued at $346,000. Voya Investment Management LLC increased its holdings in Kilroy Realty by 37.0% in the first quarter. Voya Investment Management LLC now owns 149,894 shares of the real estate investment trust's stock valued at $4,911,000 after buying an additional 40,511 shares in the last quarter. Strs Ohio purchased a new position in Kilroy Realty in the first quarter valued at $9,575,000. Intrua Financial LLC increased its holdings 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 valued at $220,000 after buying an additional 513 shares in the last quarter. Finally, Bayforest Capital Ltd purchased a new position in Kilroy Realty in the first quarter valued at $412,000. Hedge funds and other institutional investors own 94.22% of the company's stock.

Kilroy Realty Price Performance

KRC traded up $0.03 on Friday, reaching $44.47. 630,510 shares of the company's stock were exchanged, compared to its average volume of 1,493,316. The stock has a market cap of $5.26 billion, a PE ratio of 24.14 and a beta of 1.26. Kilroy Realty Corporation has a twelve month low of $27.07 and a twelve month high of $44.89. The stock's fifty day moving average price is $39.45 and its 200-day moving average price is $35.23. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.35 and a quick ratio of 2.35.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its quarterly 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 for 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 quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.10 earnings per share. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. Sell-side analysts expect that Kilroy Realty Corporation will post 4 EPS for the current year.

Kilroy Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Tuesday, September 30th will be given a dividend of $0.54 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.16 dividend on an annualized basis and a yield of 4.9%. Kilroy Realty's payout ratio is presently 117.39%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. BMO Capital Markets cut shares of Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 price objective for the company. in a report on Wednesday, July 16th. The Goldman Sachs Group reaffirmed a "sell" rating and issued a $33.00 price objective on shares of Kilroy Realty in a report on Thursday, August 21st. JPMorgan Chase & Co. cut their price objective 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. Wells Fargo & Company lifted their target price on shares of Kilroy Realty from $33.00 to $40.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 27th. 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 report on Monday, September 8th. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Kilroy Realty presently has an average rating of "Hold" and an average price target of $39.45.

Insider Transactions at Kilroy Realty

In related news, EVP Eliott Trencher sold 3,997 shares of the business's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $38.05, for a total transaction of $152,085.85. Following the transaction, the executive vice president directly owned 43,826 shares in the company, valued at approximately $1,667,579.30. The trade was a 8.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of the business's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $38.28, for a total transaction of $239,250.00. Following the transaction, the chief accounting officer owned 26,435 shares in the company, valued at $1,011,931.80. The trade was a 19.12% 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 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.