Kilroy Realty Corporation $KRC Shares Bought by Corient Private Wealth LP

Key Points

• Corient Private Wealth increased its Kilroy Realty stake by 77.4% in the second quarter, bringing its holdings to 371,048 shares worth approximately $13.9 million. Institutional investors and hedge funds collectively own 94.22% of KRC.
• Analyst sentiment remains mixed, with five Buy, nine Hold, and two Sell ratings; the consensus rating is Hold with a $39.47 price target.
• Kilroy Realty reported quarterly EPS of $0.17, well below the $0.90 consensus estimate, while revenue reached $272.37 million. The company declared a quarterly dividend of $0.54 per share, equivalent to a 6.3% annualized yield.

Corient Private Wealth LP lifted its stake in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) by 77.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 371,048 shares of the real estate investment trust's stock after acquiring an additional 161,905 shares during the period. Corient Private Wealth LP owned 0.32% of Kilroy Realty worth $13,905,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Situational Awareness LP purchased a new position in Kilroy Realty during the fourth quarter worth approximately $49,616,000. Bank of America Corp DE grew its stake in shares of Kilroy Realty by 118.1% during the 1st quarter. Bank of America Corp DE now owns 1,621,580 shares of the real estate investment trust's stock valued at $45,745,000 after buying an additional 877,907 shares during the period. Hsbc Holdings PLC increased its holdings in shares of Kilroy Realty by 29.1% during the 1st quarter. Hsbc Holdings PLC now owns 258,707 shares of the real estate investment trust's stock worth $7,303,000 after buying an additional 58,337 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Kilroy Realty during the 2nd quarter worth $1,568,000. Finally, KBC Group NV raised its position in shares of Kilroy Realty by 1,938.6% in the 1st quarter. KBC Group NV now owns 78,831 shares of the real estate investment trust's stock worth $2,224,000 after buying an additional 74,964 shares during the period. 94.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on KRC shares. Scotiabank lifted their target price on Kilroy Realty from $38.00 to $41.00 and gave the company a "sector perform" rating in a report on Tuesday, July 21st. The Goldman Sachs Group raised their price objective on Kilroy Realty from $28.00 to $31.00 and gave the stock a "sell" rating in a report on Wednesday, July 29th. Evercore raised Kilroy Realty from an "in-line" rating to an "outperform" rating and set a $42.00 price objective on the stock in a research note on Monday, June 8th. BMO Capital Markets lifted their price objective on Kilroy Realty from $34.00 to $38.00 and gave the company a "market perform" rating in a research note on Monday, June 15th. Finally, Mizuho boosted their target price on Kilroy Realty from $29.00 to $34.00 and gave the stock an "underperform" rating in a report on Tuesday, July 21st. 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. Based on data from MarketBeat.com, Kilroy Realty presently has an average rating of "Hold" and a consensus price target of $39.47.

Insiders Place Their Bets

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

Kilroy Realty Stock Down 1.4%

Shares of NYSE:KRC opened at $34.43 on Wednesday. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of 24.24 and a beta of 1.11. The company has a 50 day moving average of $37.56 and a two-hundred day moving average of $34.62. Kilroy Realty Corporation has a 52-week low of $27.36 and a 52-week high of $45.03. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 0.83.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its earnings results on Monday, July 27th. The real estate investment trust reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.90 by ($0.73). The firm had revenue of $272.37 million for the quarter, compared to analyst estimates of $267.39 million. Kilroy Realty had a return on equity of 3.04% and a net margin of 15.47%.The company's revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.13 earnings per share. Kilroy Realty has set its FY 2026 guidance at 3.490-3.630 EPS. As a group, analysts forecast that Kilroy Realty Corporation will post 3.59 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 14th. Shareholders of record on Wednesday, September 30th will be issued a $0.54 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $2.16 dividend on an annualized basis and a yield of 6.3%. Kilroy Realty's payout ratio is currently 152.11%.

Kilroy Realty Profile

Kilroy Realty Corporation NYSE: KRC is a real estate investment trust that owns, develops, acquires and manages office, life science and mixed-use properties. Its portfolio is concentrated in high-demand technology and innovation markets, with properties designed to serve businesses in sectors such as technology, media, entertainment and life sciences.

The company's operations are primarily focused on coastal markets in the western United States, including the San Francisco Bay Area, Greater Los Angeles and San Diego, as well as the Pacific Northwest.

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