Resolution Capital Ltd Has $22.78 Million Stock Position in Kilroy Realty Corporation $KRC

Key Points

• Resolution Capital Ltd reduced its stake in Kilroy Realty Corporation by 84.5%, now owning approximately $22.78 million worth of shares, which accounts for 0.4% of its total holdings.
• Several institutional investors increased their positions in Kilroy Realty, with PNC Financial Services Group Inc. making the largest increase at 22.5% during the first quarter.
• Kilroy Realty reported a positive quarterly earnings result with $1.13 EPS, exceeding analyst expectations, and a revenue increase of 3.3% year-over-year.

Resolution Capital Ltd trimmed its holdings in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) by 84.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 695,413 shares of the real estate investment trust's stock after selling 3,792,242 shares during the period. Kilroy Realty makes up about 0.4% of Resolution Capital Ltd's holdings, making the stock its 22nd biggest position. Resolution Capital Ltd owned approximately 0.59% of Kilroy Realty worth $22,782,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Nissay Asset Management Corp Japan ADV raised its position in Kilroy Realty by 2.4% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 15,632 shares of the real estate investment trust's stock valued at $512,000 after buying an additional 369 shares during the period. US Bancorp DE increased its position in Kilroy Realty by 4.1% in the 1st quarter. US Bancorp DE now owns 10,077 shares of the real estate investment trust's stock worth $330,000 after purchasing an additional 397 shares during the last quarter. Parallel Advisors LLC increased its position in Kilroy Realty by 7.8% in the 1st quarter. Parallel Advisors LLC now owns 5,539 shares of the real estate investment trust's stock worth $181,000 after purchasing an additional 401 shares during the last quarter. PNC Financial Services Group Inc. increased its position in 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 worth $110,000 after purchasing an additional 614 shares during the last quarter. Finally, Allworth Financial LP increased its position in Kilroy Realty by 192.1% in the 1st quarter. Allworth Financial LP now owns 964 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 634 shares during the last quarter. 94.22% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Kilroy Realty

In related news, EVP Eliott Trencher sold 3,997 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 43,826 shares in the company, valued at $1,667,579.30. This represents a 8.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of the stock in a transaction that occurred 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 sale, the chief accounting officer owned 26,435 shares of the company's stock, valued at approximately $1,011,931.80. The trade was a 19.12% decrease in their position. The disclosure for this sale can be found here. 1.57% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Royal Bank Of Canada upped their target price on Kilroy Realty from $39.00 to $40.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 7th. JPMorgan Chase & Co. dropped their target price on Kilroy Realty from $42.00 to $40.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 2nd. Mizuho dropped their target price on Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating on the stock in a research report on Monday, July 14th. Zacks Research raised Kilroy Realty to a "hold" rating in a research report on Friday, August 8th. Finally, Wells Fargo & Company upped their target price on Kilroy Realty from $33.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 27th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Kilroy Realty has an average rating of "Reduce" and an average price target of $38.45.

Kilroy Realty Stock Performance

KRC opened at $42.69 on Friday. The company has a market cap of $5.05 billion, a PE ratio of 23.20 and a beta of 1.26. The stock has a 50-day moving average of $37.99 and a 200-day moving average of $34.68. Kilroy Realty Corporation has a 52-week low of $27.07 and a 52-week high of $43.78. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.35 and a current ratio of 2.35.

Kilroy Realty (NYSE:KRC - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.12. The company had revenue of $289.89 million during 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 revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.10 EPS. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. As a group, equities research analysts forecast that Kilroy Realty Corporation will post 4 earnings per share for the current fiscal year.

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.

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