Kilroy Realty Corporation $KRC Shares Sold by Price T Rowe Associates Inc. MD

Key Points

• Price T Rowe Associates Inc. MD significantly reduced its stake in Kilroy Realty Corporation by 48.2% during Q1, holding approximately 1.43% of the company by the end of the quarter.
• Hedge funds and institutional investors collectively own 94.22% of Kilroy Realty, with notable increases in holdings from firms such as Envestnet Asset Management and Northern Trust Corp.
• Analysts have revised Kilroy Realty's target price, with consensus rating showing three Buy, six Hold, and three Sell ratings, averaging a target price of $37.64.

Price T Rowe Associates Inc. MD trimmed its stake in Kilroy Realty Corporation (NYSE:KRC - Free Report) by 48.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,691,134 shares of the real estate investment trust's stock after selling 1,574,253 shares during the period. Price T Rowe Associates Inc. MD owned about 1.43% of Kilroy Realty worth $55,403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in KRC. Allworth Financial LP raised its holdings in shares of Kilroy Realty by 192.1% in the 1st quarter. Allworth Financial LP now owns 964 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 634 shares in the last quarter. GF Fund Management CO. LTD. bought a new stake in shares of Kilroy Realty in the 4th quarter valued at about $82,000. PNC Financial Services Group Inc. raised its holdings 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 purchasing an additional 614 shares in the last quarter. Meeder Asset Management Inc. raised its holdings 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 purchasing an additional 3,820 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings 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 purchasing an additional 1,775 shares in the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.

Kilroy Realty Stock Performance

Shares of KRC stock traded down $0.13 during trading hours on Friday, hitting $41.62. The company's stock had a trading volume of 1,146,666 shares, compared to its average volume of 1,352,831. The company has a 50 day moving average of $37.29 and a 200 day moving average of $34.45. The stock has a market cap of $4.92 billion, a PE ratio of 22.62 and a beta of 1.22. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.82. Kilroy Realty Corporation has a 12-month low of $27.07 and a 12-month high of $43.78.

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, beating the consensus estimate of $1.01 by $0.12. The business had revenue of $289.89 million for the quarter, compared to the consensus estimate of $268.84 million. Kilroy Realty had a net margin of 19.29% and a return on equity of 3.92%. The business's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.10 EPS. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. On average, sell-side analysts forecast that Kilroy Realty Corporation will post 4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

KRC has been the subject of several recent analyst reports. Scotiabank reiterated an "underperform" rating on shares of Kilroy Realty in a research note on Thursday. The Goldman Sachs Group reiterated a "sell" rating and set a $33.00 price objective on shares of Kilroy Realty in a research note on Thursday, August 21st. BMO Capital Markets lowered 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. Zacks Research upgraded shares of Kilroy Realty to a "hold" rating in a research note on Friday, August 8th. Finally, JPMorgan Chase & Co. cut their price target on shares of Kilroy Realty from $42.00 to $40.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 2nd. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $38.55.

Insiders Place Their Bets

In related news, CAO Merryl Elizabeth Werber sold 6,250 shares of the stock in a transaction 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 sale, the chief accounting officer directly owned 26,435 shares of the company's stock, valued at approximately $1,011,931.80. This represents a 19.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Eliott Trencher sold 3,997 shares of the stock in a transaction on 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 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 disclosure for this sale can be found here. Corporate insiders own 1.57% of the company's stock.

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.