Jump Financial LLC Buys Shares of 34,140 Kilroy Realty Corporation $KRC

Key Points

• Jump Financial LLC has acquired a new stake in Kilroy Realty Corporation, purchasing 34,140 shares valued at approximately $1.12 million.
• Institutional investors now own 94.22% of Kilroy Realty's stock, with several firms like APG Asset Management and AlphaQuest significantly increasing their positions during the first quarter.
• Analysts have mixed ratings on the stock, with a consensus target price of $38.55 and recent changes including Goldman Sachs reaffirming a "sell" rating at $33.00.

Jump Financial LLC acquired a new position in Kilroy Realty Corporation (NYSE:KRC - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 34,140 shares of the real estate investment trust's stock, valued at approximately $1,118,000.

Other hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its holdings in Kilroy Realty by 192.1% during the 1st quarter. Allworth Financial LP now owns 964 shares of the real estate investment trust's stock worth $31,000 after buying an additional 634 shares in the last quarter. GF Fund Management CO. LTD. acquired a new stake in Kilroy Realty during the 4th quarter worth approximately $82,000. PNC Financial Services Group Inc. lifted its holdings in Kilroy Realty by 22.5% during 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 buying an additional 614 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in Kilroy Realty by 3,410.7% during the 1st quarter. Meeder Asset Management Inc. now owns 3,932 shares of the real estate investment trust's stock worth $129,000 after buying an additional 3,820 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in Kilroy Realty by 70.4% during the 1st quarter. Fifth Third Bancorp now owns 4,298 shares of the real estate investment trust's stock worth $141,000 after buying an additional 1,775 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Kilroy Realty Stock Performance

Shares of KRC stock traded down $0.22 during mid-day trading on Thursday, hitting $41.42. The stock had a trading volume of 1,301,175 shares, compared to its average volume of 1,123,549. Kilroy Realty Corporation has a fifty-two week low of $27.07 and a fifty-two week high of $43.78. The firm has a market cap of $4.90 billion, a PE ratio of 22.51 and a beta of 1.26. 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 company's 50-day simple moving average is $37.83 and its 200-day simple moving average is $34.62.

Kilroy Realty (NYSE:KRC - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.13 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 firm had revenue of $289.89 million during the quarter, compared to analysts' expectations of $268.84 million. During the same quarter last year, the business earned $1.10 earnings per share. The business's revenue for the quarter 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. Sell-side analysts anticipate that Kilroy Realty Corporation will post 4 earnings per share for the current year.

Insider Activity

In related news, CAO Merryl Elizabeth Werber sold 6,250 shares of the firm's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $38.28, for a total value of $239,250.00. Following the completion of the sale, the chief accounting officer owned 26,435 shares in the company, valued at $1,011,931.80. This trade represents a 19.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Eliott Trencher sold 3,997 shares of the firm'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 completion of the sale, the executive vice president owned 43,826 shares of the company's stock, valued at $1,667,579.30. This trade represents a 8.36% decrease in their position. The disclosure for this sale can be found here. 1.57% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Royal Bank Of Canada increased their price objective 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. The Goldman Sachs Group reissued a "sell" rating and issued a $33.00 price objective on shares of Kilroy Realty in a research report on Thursday, August 21st. Zacks Research raised shares of Kilroy Realty to a "hold" rating in a research report on Friday, August 8th. Evercore ISI dropped 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, August 18th. Finally, Mizuho dropped 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. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Reduce" and an average target price of $38.45.

Kilroy Realty 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.