Kilroy Realty Corporation $KRC Shares Bought by APG Asset Management US Inc.

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. grew its holdings in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) by 5.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 about 1.2% of APG Asset Management US Inc.'s holdings, making the stock its 19th biggest position. APG Asset Management US Inc. owned approximately 3.90% of Kilroy Realty worth $151,521,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Resolution Capital Ltd increased its position in Kilroy Realty by 12.6% during the 4th quarter. Resolution Capital Ltd now owns 4,487,655 shares of the real estate investment trust's stock worth $181,526,000 after purchasing an additional 500,635 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Kilroy Realty by 6.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,265,387 shares of the real estate investment trust's stock worth $132,087,000 after acquiring an additional 193,291 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of Kilroy Realty by 3.3% during the 1st 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. Northern Trust Corp boosted its stake in shares of Kilroy Realty by 39.5% during 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. Finally, Rush Island Management LP purchased a new stake in shares of Kilroy Realty during the 4th quarter worth approximately $109,502,000. Institutional investors and hedge funds own 94.22% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KRC. The Goldman Sachs Group reissued a "sell" rating and set a $33.00 price target on shares of Kilroy Realty in a research note on Thursday. Wells Fargo & Company decreased their price target on Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating on the stock in a research note on Monday, May 19th. Mizuho decreased their price target on Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating on the stock in a research note on Monday, July 14th. BMO Capital Markets lowered Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 price target on the stock. in a research note on Wednesday, July 16th. Finally, Evercore ISI decreased their price target on Kilroy Realty from $43.00 to $42.00 and set an "in-line" rating on the stock in a research note on Monday. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Kilroy Realty currently has an average rating of "Hold" and an average price target of $37.64.

Kilroy Realty Trading Down 0.2%

Shares of KRC opened at $38.84 on Friday. The stock has a fifty day moving average of $36.59 and a two-hundred day moving average of $34.28. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.35 and a current ratio of 2.35. The company has a market capitalization of $4.59 billion, a PE ratio of 21.11 and a beta of 1.22. Kilroy Realty Corporation has a fifty-two week low of $27.07 and a fifty-two week high of $43.78.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.13 earnings per share 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 the consensus estimate of $268.84 million. Kilroy Realty had a return on equity of 3.92% and a net margin of 19.29%.Kilroy Realty's revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.10 EPS. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. As a group, analysts forecast that Kilroy Realty Corporation will post 4 EPS for the current year.

Insider Buying and Selling at Kilroy Realty

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

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