MetLife Investment Management LLC Has $13.79 Million Stock Position in Kilroy Realty Corporation $KRC

Key Points

• MetLife Investment Management LLC significantly increased its stake in Kilroy Realty Corporation by 566.3%, acquiring an additional 357,855 shares, raising its total ownership to 421,050 shares.
• Major investors have made substantial changes to their positions in Kilroy Realty, with institutional investors now owning 94.22% of the stock, reflecting a trend of increased investment interest in the REIT.
• According to analyst ratings, Kilroy Realty has an average rating of "Hold" with a target price of $37.64, while several firms have downgraded their projections for the stock in recent months.

MetLife Investment Management LLC boosted its holdings in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) by 566.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 421,050 shares of the real estate investment trust's stock after buying an additional 357,855 shares during the period. MetLife Investment Management LLC owned about 0.36% of Kilroy Realty worth $13,794,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Allworth Financial LP raised its stake in 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. acquired a new position in Kilroy Realty in the fourth quarter worth $82,000. PNC Financial Services Group Inc. boosted its stake in 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 purchasing an additional 614 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in 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 purchasing an additional 3,820 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in 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 purchasing an additional 1,775 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, 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 value of $152,085.85. Following the transaction, the executive vice president owned 43,826 shares of the company's stock, valued at $1,667,579.30. This represents a 8.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 value of $239,250.00. Following the completion of the transaction, the chief accounting officer directly owned 26,435 shares in the company, valued at approximately $1,011,931.80. This trade represents a 19.12% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.57% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on KRC. BMO Capital Markets lowered Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 price objective on the stock. in a research note on Wednesday, July 16th. JPMorgan Chase & Co. reduced their price objective on Kilroy Realty from $42.00 to $40.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 2nd. Mizuho reduced their price objective on Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating on the stock in a research note on Monday, July 14th. Zacks Research raised Kilroy Realty to a "hold" rating in a research note on Friday, August 8th. Finally, Evercore ISI reduced their price objective on Kilroy Realty from $43.00 to $42.00 and set an "in-line" rating on the stock in a research note on Monday, August 18th. Three equities research 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. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $38.55.

Kilroy Realty Trading Down 0.3%

Shares of KRC stock traded down $0.13 during trading hours on Friday, reaching $41.62. The company had a trading volume of 1,146,666 shares, compared to its average volume of 1,498,336. The company has a 50 day moving average of $37.16 and a 200 day moving average of $34.41. 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 firm has a market cap of $4.92 billion, a price-to-earnings 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.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating 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 quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.10 EPS. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. On average, equities research analysts anticipate that Kilroy Realty Corporation will post 4 EPS for the current year.

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.