Legal & General Group Plc Invests $26.13 Million in Kilroy Realty Corporation $KRC

Key Points

• Legal & General Group acquired 697,337 Kilroy Realty shares worth approximately $26.13 million, giving it a 0.60% stake. Institutional investors collectively own 94.22% of the REIT.
• Analysts maintain a generally cautious outlook, with a consensus “Hold” rating and a $39.13 target price. Recent target changes ranged from $38 to $41.
• Kilroy Realty reported quarterly EPS of $0.17, well below the $0.90 consensus estimate, while revenue of $272.37 million exceeded expectations but declined 6% year over year.

Legal & General Group Plc purchased a new stake in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 697,337 shares of the real estate investment trust's stock, valued at approximately $26,129,000. Legal & General Group Plc owned 0.60% of Kilroy Realty at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Wiser Advisor Group LLC acquired a new position in Kilroy Realty in the 3rd quarter worth approximately $32,000. Caitong International Asset Management Co. Ltd acquired a new stake in Kilroy Realty during the 3rd quarter valued at $40,000. SJS Investment Consulting Inc. lifted its holdings in shares of Kilroy Realty by 128.1% in the first quarter. SJS Investment Consulting Inc. now owns 1,715 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 963 shares in the last quarter. Elevation Wealth Partners LLC lifted its holdings in shares of Kilroy Realty by 205.4% in the second quarter. Elevation Wealth Partners LLC now owns 1,463 shares of the real estate investment trust's stock valued at $55,000 after purchasing an additional 984 shares in the last quarter. Finally, Horizon Investments LLC purchased a new stake in shares of Kilroy Realty in the fourth quarter valued at $65,000. Hedge funds and other institutional investors own 94.22% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Citigroup lifted their price target on Kilroy Realty from $34.00 to $40.00 and gave the company a "neutral" rating in a report on Thursday, July 30th. Scotiabank increased their price objective on Kilroy Realty from $38.00 to $41.00 and gave the stock a "sector perform" rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. decreased their price objective on Kilroy Realty from $40.00 to $39.00 and set a "neutral" rating for the company in a research report on Tuesday, July 21st. Wall Street Zen raised Kilroy Realty from a "sell" rating to a "hold" rating in a research note on Saturday, August 15th. Finally, Barclays upped their target price on Kilroy Realty from $31.00 to $38.00 and gave the company an "equal weight" rating in a report on Tuesday, July 21st. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Kilroy Realty has a consensus rating of "Hold" and a consensus target price of $39.13.

Kilroy Realty Trading Down 1.2%

NYSE KRC opened at $36.24 on Friday. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 0.83. Kilroy Realty Corporation has a 1-year low of $27.36 and a 1-year high of $45.03. The firm's fifty day simple moving average is $38.11 and its 200-day simple moving average is $34.28. The company has a market capitalization of $4.22 billion, a PE ratio of 25.52 and a beta of 1.11.

Kilroy Realty (NYSE:KRC - Get Free Report) last released its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.90 by ($0.73). Kilroy Realty had a net margin of 15.47% and a return on equity of 3.04%. The firm had revenue of $272.37 million for the quarter, compared to analyst estimates of $267.39 million. During the same period in the previous year, the business posted $1.13 EPS. Kilroy Realty's revenue for the quarter was down 6.0% on a year-over-year basis. Kilroy Realty has set its FY 2026 guidance at 3.490-3.630 EPS. As a group, sell-side analysts anticipate that Kilroy Realty Corporation will post 3.59 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Jolie A. Hunt sold 15,800 shares of the stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $37.79, for a total value of $597,082.00. Following the transaction, the director owned 13,892 shares in the company, valued at approximately $524,978.68. This represents a 53.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, President Justin William Smart sold 10,848 shares of the firm's stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $38.71, for a total transaction of $419,926.08. Following the transaction, the president directly owned 519,872 shares in the company, valued at approximately $20,124,245.12. The trade was a 2.04% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.83% of the stock is owned by insiders.

Kilroy Realty Profile

Kilroy Realty Corporation NYSE: KRC is a publicly traded real estate investment trust focused on the development, acquisition and management of high‐quality office and mixed‐use properties along the U.S. West Coast. The company's portfolio encompasses major urban markets including Los Angeles, San Diego, the San Francisco Bay Area and Seattle. Kilroy Realty targets properties in transit‐oriented submarkets, blending workplace space with retail, residential and hospitality amenities to create vibrant, walkable neighborhoods.

Founded in the mid‐20th century by members of the Kilroy family, the company evolved from a regional landlord into one of the leading West Coast office landlords.

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