Inspire Investing LLC Cuts Stock Holdings in Kilroy Realty Corporation $KRC

Key Points

• Inspire Investing LLC significantly reduced its stake in Kilroy Realty Corporation by 63.9%, selling 21,749 shares and holding only 12,298 shares valued at $403,000.
• Several hedge funds increased their investments in Kilroy Realty during the fourth quarter, with Millennium Management LLC raising its stake by 84.7% to own 952,421 shares valued at $38.5 million.
• Analysts have mixed opinions on Kilroy Realty, with Zacks upgrading it to a "hold" rating and a consensus price target of $38.82, indicating cautious optimism amid varying recommendations.

Inspire Investing LLC reduced its stake in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) by 63.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,298 shares of the real estate investment trust's stock after selling 21,749 shares during the quarter. Inspire Investing LLC's holdings in Kilroy Realty were worth $403,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of KRC. Allworth Financial LP increased its position in shares of Kilroy Realty by 192.1% during 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 in the last quarter. GF Fund Management CO. LTD. bought a new position in shares of Kilroy Realty in the 4th quarter valued at about $82,000. PNC Financial Services Group Inc. grew its position in shares of 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 valued at $110,000 after acquiring an additional 614 shares during the period. Meeder Asset Management Inc. grew its position in shares of Kilroy Realty by 3,410.7% in the 1st quarter. Meeder Asset Management Inc. now owns 3,932 shares of the real estate investment trust's stock valued at $129,000 after acquiring an additional 3,820 shares during the period. Finally, Fifth Third Bancorp grew its position in shares of Kilroy Realty by 70.4% in the 1st quarter. Fifth Third Bancorp now owns 4,298 shares of the real estate investment trust's stock valued at $141,000 after acquiring an additional 1,775 shares during the period. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KRC has been the subject of several analyst reports. BMO Capital Markets cut shares of Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 price objective for the company. in a research note on Wednesday, July 16th. Mizuho reduced their price target on shares of Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating for the company in a report on Monday, July 14th. Scotiabank raised shares of Kilroy Realty from a "sector underperform" rating to a "sector perform" rating and raised their price target for the company from $40.00 to $47.00 in a research report on Wednesday. The Goldman Sachs Group reiterated a "sell" rating and issued a $33.00 target price on shares of Kilroy Realty in a research note on Thursday, August 21st. Finally, Zacks Research raised shares of Kilroy Realty to a "hold" rating in a research note on Friday, August 8th. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $39.45.

Insider Activity

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

Kilroy Realty Trading Up 1.0%

Shares of NYSE KRC traded up $0.42 during mid-day trading on Thursday, reaching $44.14. 519,841 shares of the company's stock were exchanged, compared to its average volume of 1,492,318. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.35 and a current ratio of 2.35. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 23.99 and a beta of 1.26. The company's 50-day moving average is $39.29 and its 200-day moving average is $35.17. Kilroy Realty Corporation has a 52-week low of $27.07 and a 52-week high of $44.89.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued its earnings results on Monday, July 28th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping 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 business had revenue of $289.89 million for the quarter, compared to analyst estimates of $268.84 million. During the same quarter last year, the company earned $1.10 EPS. The business's quarterly 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. Analysts expect that Kilroy Realty Corporation will post 4 EPS for the current fiscal year.

Kilroy Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Tuesday, September 30th. Kilroy Realty's dividend payout ratio (DPR) is currently 117.39%.

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.