Optas LLC Takes Position in Kilroy Realty Corporation $KRC

Optas LLC purchased a new stake in Kilroy Realty Corporation (NYSE:KRC - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,854 shares of the real estate investment trust's stock, valued at approximately $235,000.

Other large investors have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. grew its position in shares of Kilroy Realty by 23.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,205 shares of the real estate investment trust's stock valued at $203,000 after purchasing an additional 1,168 shares during the last quarter. Asset Management One Co. Ltd. grew its position in shares of Kilroy Realty by 1.7% in the first quarter. Asset Management One Co. Ltd. now owns 157,796 shares of the real estate investment trust's stock valued at $5,169,000 after purchasing an additional 2,586 shares during the last quarter. Fifth Third Bancorp boosted its position in Kilroy Realty by 70.4% during 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 last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Kilroy Realty during the first quarter worth approximately $251,000. Finally, Amundi boosted its position in Kilroy Realty by 6.1% during the first quarter. Amundi now owns 67,569 shares of the real estate investment trust's stock worth $2,065,000 after acquiring an additional 3,897 shares during the last quarter. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Kilroy Realty Stock Performance

NYSE:KRC opened at $39.57 on Friday. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.82. The company has a market cap of $4.68 billion, a P/E ratio of 21.51 and a beta of 1.24. Kilroy Realty Corporation has a fifty-two week low of $27.07 and a fifty-two week high of $45.03. The firm's 50 day moving average is $41.15 and its two-hundred day moving average is $36.19.

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, 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 net margin of 19.29% and a return on equity of 3.92%. Kilroy Realty's revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.10 earnings per share. 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 year.

Kilroy Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 8th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.54 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $2.16 dividend on an annualized basis and a yield of 5.5%. Kilroy Realty's dividend payout ratio (DPR) is currently 117.39%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on KRC shares. Wells Fargo & Company raised their target price on shares of Kilroy Realty from $33.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 27th. Scotiabank upgraded shares of Kilroy Realty from a "sector underperform" rating to a "sector perform" rating and raised their target price for the stock from $40.00 to $47.00 in a research report on Wednesday, September 17th. Mizuho decreased their target price on shares of Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating on the stock in a research report on Monday, July 14th. Royal Bank Of Canada raised their target price on shares of Kilroy Realty from $39.00 to $40.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 7th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Kilroy Realty in a research report on Wednesday. Two equities 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $39.45.

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.

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