Kera Capital Partners Inc. Makes New Investment in Kilroy Realty Corporation $KRC

Key Points

• Kera Capital Partners Inc. has acquired a new stake in Kilroy Realty Corporation, purchasing 10,089 shares valued at approximately $346,000.
• Kilroy Realty reported earnings of $1.13 per share for the last quarter, exceeding expectations by $0.12, with revenue reaching $289.89 million.
• Analysts have varied opinions on the stock, with the average rating being "Reduce" and a consensus target price of $38.82.

Kera Capital Partners Inc. acquired a new stake in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,089 shares of the real estate investment trust's stock, valued at approximately $346,000.

Several other institutional investors and hedge funds have also modified their holdings of KRC. Northern Trust Corp boosted its holdings in shares of Kilroy Realty by 39.5% in the 1st quarter. Northern Trust Corp now owns 2,923,836 shares of the real estate investment trust's stock worth $95,785,000 after acquiring an additional 827,365 shares in the last quarter. Long Pond Capital LP acquired a new position in shares of Kilroy Realty in the 1st quarter worth approximately $24,183,000. Millennium Management LLC boosted its holdings in shares of Kilroy Realty by 84.7% in the 4th quarter. Millennium Management LLC now owns 952,421 shares of the real estate investment trust's stock worth $38,525,000 after acquiring an additional 436,866 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in shares of Kilroy Realty by 566.3% in the 1st quarter. MetLife Investment Management LLC now owns 421,050 shares of the real estate investment trust's stock worth $13,794,000 after acquiring an additional 357,855 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Kilroy Realty in the 4th quarter worth approximately $11,892,000. 94.22% of the stock is owned by institutional investors and hedge funds.

Kilroy Realty Price Performance

Shares of Kilroy Realty stock remained flat at $44.44 on Friday. 443,053 shares of the company's stock traded hands, compared to its average volume of 1,492,289. The firm has a 50 day moving average price of $39.45 and a 200-day moving average price of $35.23. The company has a market cap of $5.26 billion, a PE ratio of 24.15 and a beta of 1.26. Kilroy Realty Corporation has a 52 week low of $27.07 and a 52 week high of $44.89. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.82.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued its earnings results 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. The company had revenue of $289.89 million during the quarter, compared to analysts' expectations of $268.84 million. Kilroy Realty had a net margin of 19.29% and a return on equity of 3.92%. The business's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.10 EPS. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. On average, analysts forecast that Kilroy Realty Corporation will post 4 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

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

Insiders Place Their Bets

In related news, CAO Merryl Elizabeth Werber sold 6,250 shares of the company'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 completion of the sale, the chief accounting officer owned 26,435 shares in the company, valued at $1,011,931.80. This represents a 19.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Eliott Trencher sold 3,997 shares of the company'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 owned 43,826 shares of the company's stock, valued at approximately $1,667,579.30. This 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 corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wells Fargo & Company boosted their target price on Kilroy Realty from $33.00 to $40.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 27th. JPMorgan Chase & Co. reduced their price objective on Kilroy Realty from $42.00 to $40.00 and set an "overweight" rating on the stock in a report on Wednesday, July 2nd. The Goldman Sachs Group reaffirmed a "sell" rating and set a $33.00 price objective on shares of Kilroy Realty in a report on Thursday, August 21st. BMO Capital Markets downgraded Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 price objective on the stock. in a report on Wednesday, July 16th. Finally, Mizuho reduced their price objective on Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating on the stock in a report on Monday, July 14th. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $39.45.

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.