Quantbot Technologies LP Purchases Shares of 29,501 Kilroy Realty Corporation $KRC

Key Points

• Quantbot Technologies LP acquired a new stake in Kilroy Realty Corporation, buying 29,501 shares valued at approximately $966,000 during the first quarter.
• Analyst ratings vary, with Goldman Sachs maintaining a "sell" rating and a price target of $33, while other firms have set targets ranging from $35 to $42.
• KRC stock has shown financial growth, reporting a 3.3% increase in revenue year-over-year and beating earnings estimates with $1.13 earnings per share for the last quarter.

Quantbot Technologies LP acquired a new position in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 29,501 shares of the real estate investment trust's stock, valued at approximately $966,000.

A number of other large investors also recently modified their holdings of KRC. Envestnet Asset Management Inc. boosted its stake in shares of Kilroy Realty by 39.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 29,230 shares of the real estate investment trust's stock worth $1,182,000 after buying an additional 8,313 shares during the last quarter. MetLife Investment Management LLC boosted its stake in shares of Kilroy Realty by 8.9% during the 4th quarter. MetLife Investment Management LLC now owns 63,195 shares of the real estate investment trust's stock worth $2,556,000 after buying an additional 5,190 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Kilroy Realty by 18.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,563 shares of the real estate investment trust's stock worth $346,000 after buying an additional 1,323 shares during the last quarter. Hsbc Holdings PLC boosted its stake in shares of Kilroy Realty by 4.9% during the 4th quarter. Hsbc Holdings PLC now owns 102,443 shares of the real estate investment trust's stock worth $4,144,000 after buying an additional 4,749 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Kilroy Realty by 6.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,265,387 shares of the real estate investment trust's stock worth $132,087,000 after buying an additional 193,291 shares during the last quarter. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on KRC. Zacks Research upgraded shares of Kilroy Realty to a "hold" rating in a research note on Friday, August 8th. Mizuho cut their target price on shares of Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating for the company in a research note on Monday, July 14th. BMO Capital Markets downgraded shares of Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 target price for the company. in a research note on Wednesday, July 16th. Royal Bank Of Canada raised their target price on shares of Kilroy Realty from $39.00 to $40.00 and gave the company a "sector perform" rating in a research note on Thursday, August 7th. Finally, Scotiabank reiterated an "underperform" rating on shares of Kilroy Realty in a research note on Thursday. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Kilroy Realty presently has a consensus rating of "Hold" and an average price target of $38.55.

Kilroy Realty Stock Performance

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

Kilroy Realty (NYSE:KRC - Get Free Report) last announced its earnings results on Monday, July 28th. The real estate investment trust reported $1.13 EPS for the quarter, topping the consensus estimate of $1.01 by $0.12. Kilroy Realty had a net margin of 19.29% and a return on equity of 3.92%. The company had revenue of $289.89 million for the quarter, compared to analysts' expectations of $268.84 million. During the same period last year, the firm earned $1.10 earnings per share. The business's revenue for the quarter was up 3.3% on a year-over-year basis. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. On average, sell-side analysts expect that Kilroy Realty Corporation will post 4 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Eliott Trencher sold 3,997 shares of Kilroy Realty stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $38.05, for a total value of $152,085.85. Following the transaction, the executive vice president directly owned 43,826 shares of the company's stock, 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 through this link. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of the firm's 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 sale, the chief accounting officer owned 26,435 shares in the company, valued at $1,011,931.80. This represents a 19.12% 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 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.