Kilroy Realty Corporation $KRC Shares Sold by Resolution Capital Ltd

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 lowered its position in Kilroy Realty Corporation (NYSE:KRC - Free Report) by 84.5% in the first quarter, according to its most recent Form 13F filing 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 quarter. Kilroy Realty comprises about 0.4% of Resolution Capital Ltd's holdings, making the stock its 22nd biggest holding. Resolution Capital Ltd owned approximately 0.59% of Kilroy Realty worth $22,782,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP grew its stake in shares of Kilroy Realty by 192.1% in the 1st quarter. Allworth Financial LP now owns 964 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 634 shares during the period. GF Fund Management CO. LTD. purchased a new position in shares of Kilroy Realty during the 4th quarter worth approximately $82,000. PNC Financial Services Group Inc. boosted its position in shares of Kilroy Realty by 22.5% during 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 period. Meeder Asset Management Inc. increased its holdings in Kilroy Realty by 3,410.7% in the 1st quarter. Meeder Asset Management Inc. now owns 3,932 shares of the real estate investment trust's stock valued at $129,000 after purchasing an additional 3,820 shares during the last quarter. Finally, Fifth Third Bancorp raised its position 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 valued at $141,000 after purchasing an additional 1,775 shares during the period. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kilroy Realty

In other Kilroy Realty news, EVP Eliott Trencher sold 3,997 shares of the company's stock in a transaction 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of Kilroy Realty stock in a transaction dated Wednesday, August 13th. The stock was 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 in the company, valued at $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.

Kilroy Realty Stock Up 2.2%

Kilroy Realty stock traded up $0.92 during mid-day trading on Thursday, hitting $43.02. The company had a trading volume of 1,398,884 shares, compared to its average volume of 1,487,636. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.82. Kilroy Realty Corporation has a 1 year low of $27.07 and a 1 year high of $43.78. The business has a fifty day moving average of $38.45 and a 200 day moving average of $34.86. The stock has a market cap of $5.09 billion, a price-to-earnings ratio of 23.38 and a beta of 1.26.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.12. The business had revenue of $289.89 million during 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%. The company's revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.10 EPS. 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 fiscal year.

Analyst Ratings Changes

KRC has been the topic of a number of research reports. Wells Fargo & Company upped their price target on Kilroy Realty from $33.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 27th. Scotiabank boosted their price objective on Kilroy Realty from $37.00 to $40.00 and gave the company a "sector underperform" rating in a report on Thursday, August 28th. Barclays reissued an "equal weight" rating and issued a $43.00 price objective on shares of Kilroy Realty in a research note on Thursday, September 4th. Royal Bank Of Canada upped 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 note on Thursday, August 7th. Finally, Zacks Research raised shares of Kilroy Realty to a "hold" rating in a research report on Friday, August 8th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average target price of $38.82.

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.