APG Asset Management US Inc. Increases Stake in Kilroy Realty Corporation $KRC

Key Points

• APG Asset Management US Inc. increased its stake in Kilroy Realty Corporation by 5.3% during the 1st quarter, now holding approximately 3.90% of the company, valued at around $151.5 million.
• In recent analyst activity, Goldman Sachs set a price target of $33.00 on Kilroy Realty shares, while the average price target among analysts is $37.64.
• Kilroy Realty reported earnings of $1.13 per share for the last quarter, exceeding estimates, with revenues reaching $289.89 million, a 3.3% year-over-year increase.

APG Asset Management US Inc. boosted its position in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) by 5.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,611,122 shares of the real estate investment trust's stock after purchasing an additional 230,236 shares during the period. Kilroy Realty makes up 1.2% of APG Asset Management US Inc.'s holdings, making the stock its 19th biggest holding. APG Asset Management US Inc. owned 3.90% of Kilroy Realty worth $151,521,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of KRC. AlphaQuest LLC increased its stake in shares of Kilroy Realty by 366.9% during the first quarter. AlphaQuest LLC now owns 25,444 shares of the real estate investment trust's stock worth $834,000 after buying an additional 19,995 shares during the period. T. Rowe Price Investment Management Inc. increased its position in shares of Kilroy Realty by 3.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 3,103,487 shares of the real estate investment trust's stock worth $101,671,000 after acquiring an additional 99,567 shares in the last quarter. Emmett Investment Management LP purchased a new position in Kilroy Realty in the first quarter valued at about $608,000. Hsbc Holdings PLC grew its holdings in shares of Kilroy Realty by 9.5% during the first quarter. Hsbc Holdings PLC now owns 112,197 shares of the real estate investment trust's stock valued at $3,676,000 after purchasing an additional 9,754 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in Kilroy Realty during the 1st quarter worth $966,000. Institutional investors and hedge funds own 94.22% of the company's stock.

Insider Activity

In other news, EVP Eliott Trencher sold 3,997 shares of the company's 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of Kilroy Realty stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $38.28, for a total transaction of $239,250.00. Following the sale, the chief accounting officer directly 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. Insiders own 2.49% of the company's stock.

Wall Street Analysts Forecast Growth

KRC has been the topic of a number of recent analyst reports. Scotiabank cut their price target on shares of Kilroy Realty from $38.00 to $37.00 and set a "sector underperform" rating on the stock in a report on Monday, July 14th. The Goldman Sachs Group reaffirmed a "sell" rating and set a $33.00 price objective on shares of Kilroy Realty in a research report on Thursday, August 21st. BMO Capital Markets cut Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 target price for the company. in a report on Wednesday, July 16th. Zacks Research upgraded shares of Kilroy Realty to a "hold" rating in a research report on Friday, August 8th. Finally, Evercore ISI decreased their price objective on shares of Kilroy Realty from $43.00 to $42.00 and set an "in-line" rating for the company in a report on Monday, August 18th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Kilroy Realty currently has a consensus rating of "Hold" and an average price target of $38.27.

Kilroy Realty Stock Performance

Shares of NYSE:KRC traded up $0.34 during midday trading on Wednesday, reaching $40.85. 598,245 shares of the company traded hands, compared to its average volume of 1,495,357. Kilroy Realty Corporation has a 12 month low of $27.07 and a 12 month high of $43.78. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $4.83 billion, a price-to-earnings ratio of 22.18 and a beta of 1.22. The firm's fifty day moving average price is $36.90 and its two-hundred day moving average price is $34.32.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.13 EPS for the quarter, topping 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 business had revenue of $289.89 million during the quarter, compared to analyst estimates of $268.84 million. During the same period in the prior year, the business earned $1.10 EPS. The company's revenue for the quarter was up 3.3% on a year-over-year basis. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. On average, equities analysts expect that Kilroy Realty Corporation will post 4 earnings per share for the current year.

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.