HighTower Advisors LLC Sells 36,054 Shares of Kilroy Realty Corporation $KRC

Key Points

• HighTower Advisors LLC cut its stake in Kilroy Realty Corporation by 51.4%, reducing its holdings to 34,124 shares valued at approximately $1.12 million.
• Company insiders, including EVP Eliott Trencher, have also sold shares recently, with Trencher's transactions resulting in an 8.36% decrease in his ownership.
• Analysts' evaluations show a diverse range of opinions on Kilroy Realty, with price targets varying from $33.00 to $42.00, and a consensus rating of "Hold" according to MarketBeat.

HighTower Advisors LLC lowered its position in Kilroy Realty Corporation (NYSE:KRC - Free Report) by 51.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,124 shares of the real estate investment trust's stock after selling 36,054 shares during the period. HighTower Advisors LLC's holdings in Kilroy Realty were worth $1,118,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of KRC. Allworth Financial LP grew its holdings in shares of Kilroy Realty by 192.1% in the first quarter. Allworth Financial LP now owns 964 shares of the real estate investment trust's stock worth $31,000 after acquiring an additional 634 shares during the period. GF Fund Management CO. LTD. bought a new stake in shares of Kilroy Realty in the fourth quarter worth $82,000. PNC Financial Services Group Inc. grew its holdings in shares of Kilroy Realty by 22.5% in the first quarter. PNC Financial Services Group Inc. now owns 3,346 shares of the real estate investment trust's stock worth $110,000 after acquiring an additional 614 shares during the period. Meeder Asset Management Inc. grew its holdings in shares of Kilroy Realty by 3,410.7% in the first quarter. Meeder Asset Management Inc. now owns 3,932 shares of the real estate investment trust's stock worth $129,000 after acquiring an additional 3,820 shares during the period. Finally, Fifth Third Bancorp grew its holdings in shares of Kilroy Realty by 70.4% in the first quarter. Fifth Third Bancorp now owns 4,298 shares of the real estate investment trust's stock worth $141,000 after acquiring an additional 1,775 shares during the period. Institutional investors own 94.22% of the company's stock.

Kilroy Realty Price Performance

Shares of NYSE:KRC traded down $0.13 during mid-day trading on Friday, reaching $41.62. The stock had a trading volume of 1,146,666 shares, compared to its average volume of 1,352,831. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.82. The company has a market cap of $4.92 billion, a P/E ratio of 22.62 and a beta of 1.22. Kilroy Realty Corporation has a 1 year low of $27.07 and a 1 year high of $43.78. The business's 50 day moving average price is $37.29 and its 200 day moving average price is $34.45.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its earnings results 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. The company had revenue of $289.89 million for the quarter, compared to the consensus estimate of $268.84 million. Kilroy Realty had a return on equity of 3.92% and a net margin of 19.29%.The firm's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.10 earnings per share. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. Research analysts expect that Kilroy Realty Corporation will post 4 EPS for the current fiscal year.

Insider Transactions at Kilroy Realty

In related news, EVP Eliott Trencher sold 3,997 shares of the business's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $38.05, for a total value 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of the business's 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 sale, the chief accounting officer directly owned 26,435 shares in the company, valued at $1,011,931.80. The trade was a 19.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Wells Fargo & Company boosted their price target on Kilroy Realty from $33.00 to $40.00 and gave the company an "equal weight" rating in a report on Wednesday. BMO Capital Markets lowered Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 price target for the company. in a report on Wednesday, July 16th. Royal Bank Of Canada boosted their price target on Kilroy Realty from $39.00 to $40.00 and gave the company a "sector perform" rating in a report on Thursday, August 7th. Mizuho cut their price target on Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating for the company in a report on Monday, July 14th. Finally, Evercore ISI cut their price target on Kilroy Realty from $43.00 to $42.00 and set an "in-line" rating for the company in a report on Monday, August 18th. Three 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, the stock currently has a consensus rating of "Hold" and a consensus target price of $38.55.

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.