Kilroy Realty Corporation $KRC Shares Purchased by Northern Trust Corp

Key Points

• Northern Trust Corp increased its stake in Kilroy Realty Corporation by 39.5% during the first quarter, owning approximately 2.47% of the company worth about $95.8 million.
• Several hedge funds and institutional investors, including the State of New Jersey Common Pension Fund D, have also adjusted their stakes in Kilroy Realty, contributing to a total of 94.22% institutional ownership.
• Analysts have mixed ratings on Kilroy Realty, with a consensus rating of "Hold" and an average price target of $37.64, reflecting varied outlooks on the stock's performance.

Northern Trust Corp boosted its stake in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) by 39.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 2,923,836 shares of the real estate investment trust's stock after acquiring an additional 827,365 shares during the period. Northern Trust Corp owned about 2.47% of Kilroy Realty worth $95,785,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D increased its stake in shares of Kilroy Realty by 3.4% during the first quarter. State of New Jersey Common Pension Fund D now owns 109,584 shares of the real estate investment trust's stock worth $3,590,000 after purchasing an additional 3,622 shares in the last quarter. Resona Asset Management Co. Ltd. boosted its holdings in Kilroy Realty by 9.6% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 46,279 shares of the real estate investment trust's stock worth $1,537,000 after buying an additional 4,057 shares during the last quarter. Entropy Technologies LP purchased a new stake in Kilroy Realty during the 1st quarter worth approximately $331,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Kilroy Realty during the first quarter valued at approximately $360,000. Finally, Wolverine Asset Management LLC raised its holdings in shares of Kilroy Realty by 7.1% during the first quarter. Wolverine Asset Management LLC now owns 84,460 shares of the real estate investment trust's stock valued at $2,767,000 after acquiring an additional 5,606 shares during the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KRC. Zacks Research raised Kilroy Realty to a "hold" rating in a research note on Friday, August 8th. BMO Capital Markets cut shares of Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 target price on the stock. in a research note on Wednesday, July 16th. The Goldman Sachs Group reaffirmed a "sell" rating and set a $33.00 target price on shares of Kilroy Realty in a report on Thursday. Mizuho decreased their price target on shares of Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating on the stock in a research note on Monday, July 14th. Finally, Royal Bank Of Canada boosted their price target on shares of Kilroy Realty from $39.00 to $40.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 7th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $37.64.

Insider Transactions at Kilroy Realty

In other news, CAO Merryl Elizabeth Werber sold 6,250 shares of the firm's 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 completion of the sale, the chief accounting officer owned 26,435 shares in the company, valued at $1,011,931.80. This trade represents a 19.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Eliott Trencher sold 3,997 shares of Kilroy Realty stock in a transaction that occurred 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 sale, the executive vice president directly owned 43,826 shares in the company, valued at approximately $1,667,579.30. The trade was a 8.36% decrease in their position. The disclosure for this sale can be found here. 1.57% of the stock is owned by insiders.

Kilroy Realty Stock Up 3.3%

Shares of NYSE:KRC opened at $40.1520 on Friday. Kilroy Realty Corporation has a 52-week low of $27.07 and a 52-week high of $43.78. The stock has a market cap of $4.75 billion, a P/E ratio of 21.82 and a beta of 1.22. The business has a fifty day moving average of $36.69 and a two-hundred day moving average of $34.28. 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 announced 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. Kilroy Realty had a net margin of 19.29% and a return on equity of 3.92%. The firm had revenue of $289.89 million for the quarter, compared to analysts' expectations of $268.84 million. During the same quarter in the previous year, the company posted $1.10 EPS. The company's revenue was up 3.3% compared to the same quarter last year. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. On average, research 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.

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