Kilroy Realty Corporation $KRC Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG reduced its stake in Kilroy Realty Corporation by 92.6%, selling 754,759 shares and retaining only 60,732 shares valued at approximately $1.99 million.
• Several institutional investors are actively trading Kilroy Realty stock, with 94.22% of the company's shares now owned by such entities, indicating a strong institutional interest.
• Kilroy Realty recently reported a Q2 EPS of $1.13, surpassing analysts' expectations, and is projecting FY 2025 EPS guidance of 4.050-4.150.

Deutsche Bank AG trimmed its holdings in Kilroy Realty Corporation (NYSE:KRC - Free Report) by 92.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,732 shares of the real estate investment trust's stock after selling 754,759 shares during the quarter. Deutsche Bank AG owned 0.05% of Kilroy Realty worth $1,990,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of KRC. Rush Island Management LP purchased a new stake in Kilroy Realty during the fourth quarter valued at about $109,502,000. Bamco Inc. NY purchased a new stake in Kilroy Realty during the fourth quarter valued at about $58,747,000. Northern Trust Corp lifted its stake in Kilroy Realty by 107.5% during the fourth quarter. Northern Trust Corp now owns 2,096,471 shares of the real estate investment trust's stock valued at $84,802,000 after buying an additional 1,085,914 shares in the last quarter. Castle Hook Partners LP purchased a new stake in Kilroy Realty during the fourth quarter valued at about $30,262,000. Finally, T. Rowe Price Investment Management Inc. lifted its stake in Kilroy Realty by 29.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,003,920 shares of the real estate investment trust's stock valued at $121,509,000 after buying an additional 680,870 shares in the last quarter. 94.22% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Merryl Elizabeth Werber sold 6,250 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer owned 26,435 shares in the company, valued at approximately $1,011,931.80. This represents a 19.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Eliott Trencher sold 3,997 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 43,826 shares in the company, valued at $1,667,579.30. This represents a 8.36% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.57% of the company's stock.

Kilroy Realty Trading Down 0.2%

NYSE:KRC opened at $38.84 on Friday. The stock's 50 day moving average price is $36.59 and its 200 day moving average price is $34.28. Kilroy Realty Corporation has a 52 week low of $27.07 and a 52 week high of $43.78. The company has a market capitalization of $4.59 billion, a P/E ratio of 21.11 and a beta of 1.22. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.35 and a current ratio of 2.35.

Kilroy Realty (NYSE:KRC - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.12. Kilroy Realty had a return on equity of 3.92% and a net margin of 19.29%.The firm had revenue of $289.89 million for the quarter, compared to the consensus estimate of $268.84 million. During the same quarter in the prior year, the company posted $1.10 earnings per share. The firm's revenue 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, research analysts forecast that Kilroy Realty Corporation will post 4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Zacks Research raised shares of Kilroy Realty to a "hold" rating in a research note on Friday, August 8th. JPMorgan Chase & Co. reduced their price objective on shares of Kilroy Realty from $42.00 to $40.00 and set an "overweight" rating for the company in a research note on Wednesday, July 2nd. Wells Fargo & Company reduced their price objective on shares of Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating for the company in a research note on Monday, May 19th. The Goldman Sachs Group reaffirmed a "sell" rating and set a $33.00 price objective on shares of Kilroy Realty in a research note on Thursday. Finally, BMO Capital Markets lowered shares of Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 price target for the company. in a research report on Wednesday, July 16th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $37.64.

Kilroy Realty 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.