Kilroy Realty Corporation $KRC Shares Bought by Principal Financial Group Inc.

Key Points

• Principal Financial Group boosted its stake in Kilroy Realty by 23.5% to 5,228,666 shares, now owning 4.42% of the company (about $195.4M).
• Kilroy missed quarterly EPS (‑$0.16 vs. $0.14 expected) with $270.05M revenue, and analysts have trimmed targets leaving a consensus "Hold" and an average price target of $37.77.
• The company pays a quarterly dividend of $0.54 (annualized yield 6.4%) but has a high payout ratio of 118.68%, signaling potential sustainability risk.

Principal Financial Group Inc. lifted its stake in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) by 23.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,228,666 shares of the real estate investment trust's stock after acquiring an additional 994,299 shares during the period. Principal Financial Group Inc. owned 4.42% of Kilroy Realty worth $195,396,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of KRC. Westside Investment Management Inc. increased its position in Kilroy Realty by 100.0% during the third quarter. Westside Investment Management Inc. now owns 618 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 309 shares during the last quarter. Wiser Advisor Group LLC acquired a new position in shares of Kilroy Realty in the 3rd quarter valued at $32,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Kilroy Realty during the 3rd quarter valued at $40,000. Farther Finance Advisors LLC increased its holdings in shares of Kilroy Realty by 135.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,001 shares of the real estate investment trust's stock worth $42,000 after buying an additional 575 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Kilroy Realty by 276.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 979 shares of the real estate investment trust's stock worth $42,000 after buying an additional 719 shares during the period. 94.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on KRC. BMO Capital Markets reiterated a "market perform" rating on shares of Kilroy Realty in a report on Wednesday, January 7th. Barclays cut their price objective on Kilroy Realty from $39.00 to $31.00 and set an "equal weight" rating on the stock in a report on Thursday, February 26th. Royal Bank Of Canada reduced their price objective on Kilroy Realty from $46.00 to $40.00 and set an "outperform" rating on the stock in a research note on Monday, March 2nd. Citigroup decreased their target price on Kilroy Realty from $42.00 to $34.00 and set a "neutral" rating for the company in a report on Thursday, February 12th. Finally, Wall Street Zen lowered shares of Kilroy Realty from a "hold" rating to a "sell" rating in a report on Saturday, February 14th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Kilroy Realty has a consensus rating of "Hold" and an average target price of $37.77.

Kilroy Realty Stock Up 1.9%

Shares of NYSE KRC opened at $33.57 on Wednesday. The stock has a fifty day moving average price of $29.96 and a 200 day moving average price of $35.60. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.84. Kilroy Realty Corporation has a 12-month low of $27.36 and a 12-month high of $45.03. The company has a market cap of $3.90 billion, a P/E ratio of 18.44 and a beta of 1.14.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued its quarterly earnings data on Monday, April 27th. The real estate investment trust reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.30). Kilroy Realty had a return on equity of 3.89% and a net margin of 19.59%.The company had revenue of $270.05 million for the quarter, compared to analyst estimates of $263.08 million. During the same quarter in the prior year, the firm earned $1.02 EPS. The company's revenue for the quarter was down .3% compared to the same quarter last year. Kilroy Realty has set its FY 2026 guidance at 3.490-3.630 EPS. Research analysts anticipate that Kilroy Realty Corporation will post 3.56 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Tuesday, March 31st were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date was Tuesday, March 31st. Kilroy Realty's dividend payout ratio is currently 118.68%.

Kilroy Realty Company Profile

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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