Junto Capital Management LP Invests $16.61 Million in Kilroy Realty Corporation $KRC

Key Points

• Junto Capital Management initiated a $16.61 million position in Kilroy Realty, buying 443,347 shares, while institutional investors collectively own 94.22% of the REIT.
• Kilroy Realty reported quarterly EPS of $0.17, well below the $0.90 analyst consensus, while revenue of $272.37 million exceeded estimates but declined 6% year over year.
• KRC shares were recently down 2.4% to $35.29. Analysts maintain a consensus “Hold” rating with an average price target of $39.47, although several firms recently upgraded the stock to “Buy” or “Outperform.”

Junto Capital Management LP bought a new position in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 443,347 shares of the real estate investment trust's stock, valued at approximately $16,612,000. Junto Capital Management LP owned approximately 0.38% of Kilroy Realty at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Kilroy Realty in the 2nd quarter worth approximately $581,003,000. Norges Bank purchased a new position in Kilroy Realty in the fourth quarter worth $340,131,000. State Street Corp grew its holdings in Kilroy Realty by 1.2% in the second quarter. State Street Corp now owns 5,841,917 shares of the real estate investment trust's stock worth $203,514,000 after purchasing an additional 67,546 shares during the last quarter. Rush Island Management LP increased its position in shares of Kilroy Realty by 84.5% during the first quarter. Rush Island Management LP now owns 4,860,742 shares of the real estate investment trust's stock worth $137,122,000 after purchasing an additional 2,226,821 shares in the last quarter. Finally, California State Teachers Retirement System lifted its holdings in shares of Kilroy Realty by 3,534.1% during the 2nd quarter. California State Teachers Retirement System now owns 4,837,377 shares of the real estate investment trust's stock valued at $181,257,000 after purchasing an additional 4,704,266 shares during the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.

Kilroy Realty Stock Down 2.4%

KRC stock opened at $35.29 on Thursday. The company has a market capitalization of $4.10 billion, a P/E ratio of 24.85 and a beta of 1.11. Kilroy Realty Corporation has a 12 month low of $27.36 and a 12 month high of $45.03. The firm's fifty day simple moving average is $37.91 and its 200-day simple moving average is $34.53. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.65 and a quick ratio of 2.65.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its earnings results on Monday, July 27th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.90 by ($0.73). Kilroy Realty had a net margin of 15.47% and a return on equity of 3.04%. The business had revenue of $272.37 million for the quarter, compared to analyst estimates of $267.39 million. During the same quarter in the prior year, the firm earned $1.13 earnings per share. The company's revenue for the quarter was down 6.0% on a year-over-year basis. Kilroy Realty has set its FY 2026 guidance at 3.490-3.630 EPS. As a group, equities research analysts forecast that Kilroy Realty Corporation will post 3.59 earnings per share for the current year.

Insider Activity

In other news, Director Jolie Hunt sold 15,800 shares of the company's stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $37.79, for a total value of $597,082.00. Following the sale, the director owned 13,892 shares in the company, valued at $524,978.68. This represents a 53.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.83% of the stock is currently owned by company insiders.

Analyst Ratings Changes

KRC has been the subject of a number of recent analyst reports. Evercore raised Kilroy Realty from an "in-line" rating to an "outperform" rating and set a $42.00 price objective for the company in a research report on Monday, June 8th. UBS Group set a $44.00 price target on Kilroy Realty in a report on Tuesday, June 16th. Needham & Company LLC restated a "buy" rating on shares of Kilroy Realty in a research note on Monday, June 8th. The Goldman Sachs Group increased their price objective on shares of Kilroy Realty from $28.00 to $31.00 and gave the company a "sell" rating in a research report on Wednesday, July 29th. Finally, Bank of America upgraded shares of Kilroy Realty from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $42.00 to $44.00 in a research note on Tuesday, June 16th. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Kilroy Realty currently has a consensus rating of "Hold" and an average target price of $39.47.

About Kilroy Realty

Kilroy Realty Corporation NYSE: KRC is a publicly traded real estate investment trust focused on the development, acquisition and management of high‐quality office and mixed‐use properties along the U.S. West Coast. The company's portfolio encompasses major urban markets including Los Angeles, San Diego, the San Francisco Bay Area and Seattle. Kilroy Realty targets properties in transit‐oriented submarkets, blending workplace space with retail, residential and hospitality amenities to create vibrant, walkable neighborhoods.

Founded in the mid‐20th century by members of the Kilroy family, the company evolved from a regional landlord into one of the leading West Coast office landlords.

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