Deutsche Bank AG Sells 754,759 Shares of Kilroy Realty Corporation $KRC

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

A number of other institutional investors and hedge funds have also bought and sold shares of the company. US Bancorp DE increased its holdings in Kilroy Realty by 4.1% in the 1st quarter. US Bancorp DE now owns 10,077 shares of the real estate investment trust's stock worth $330,000 after purchasing an additional 397 shares in the last quarter. Parallel Advisors LLC increased its holdings in Kilroy Realty by 7.8% in the 1st quarter. Parallel Advisors LLC now owns 5,539 shares of the real estate investment trust's stock worth $181,000 after purchasing an additional 401 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Kilroy Realty by 22.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,346 shares of the real estate investment trust's stock worth $110,000 after purchasing an additional 614 shares in the last quarter. Allworth Financial LP increased its holdings in Kilroy Realty by 192.1% in the 1st quarter. Allworth Financial LP now owns 964 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 634 shares in the last quarter. Finally, Summit Trail Advisors LLC increased its holdings in Kilroy Realty by 4.3% in the 1st quarter. Summit Trail Advisors LLC now owns 16,945 shares of the real estate investment trust's stock worth $562,000 after purchasing an additional 694 shares in the last quarter. Institutional investors and hedge funds own 94.22% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on KRC shares. 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 report on Wednesday, July 16th. The Goldman Sachs Group reiterated a "sell" rating and issued a $33.00 price target on shares of Kilroy Realty in a research report on Thursday, August 21st. Zacks Research upgraded Kilroy Realty to a "hold" rating in a research report on Friday, August 8th. Evercore ISI reduced their price target on Kilroy Realty from $43.00 to $42.00 and set an "in-line" rating on the stock in a research report on Monday, August 18th. Finally, Mizuho reduced their price target on Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating on the stock in a research report on Monday, July 14th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $38.27.

Kilroy Realty Trading Up 1.7%

Shares of Kilroy Realty stock traded up $0.67 on Wednesday, hitting $41.18. 1,455,049 shares of the company's stock traded hands, compared to its average volume of 1,487,603. Kilroy Realty Corporation has a one year low of $27.07 and a one year high of $43.78. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.35 and a quick ratio of 2.35. The company has a fifty day moving average of $37.02 and a two-hundred day moving average of $34.37. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 22.38 and a beta of 1.22.

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

Insider Activity

In related news, EVP Eliott Trencher sold 3,997 shares of the company's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $38.05, for a total transaction of $152,085.85. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of the company's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $38.28, for a total value of $239,250.00. Following the sale, the chief accounting officer 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 disclosure for this sale can be found here. 1.57% of the stock is owned by corporate insiders.

About Kilroy Realty

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.