Robeco Institutional Asset Management B.V. Sells 67,222 Shares of Kilroy Realty Corporation $KRC

Key Points

• Robeco Institutional Asset Management B.V. sold 67,222 shares of Kilroy Realty Corporation, reducing its stake by 28.0%, and now owns approximately 0.15% of the company valued at $5.94 million.
• Kilroy Realty recently declared a quarterly dividend of $0.54 per share, with a dividend yield of 5.1% and an annualized payout of $2.16.
• The company's stock opened at $42.39, with a market cap of $5.01 billion and a 52-week price range between $27.07 and $45.03.

Robeco Institutional Asset Management B.V. trimmed its stake in Kilroy Realty Corporation (NYSE:KRC - Free Report) by 28.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 173,195 shares of the real estate investment trust's stock after selling 67,222 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.15% of Kilroy Realty worth $5,942,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. American National Bank & Trust bought a new stake in shares of Kilroy Realty in the 2nd quarter worth approximately $25,000. Allworth Financial LP lifted its holdings in shares of Kilroy Realty by 192.1% during the first quarter. Allworth Financial LP now owns 964 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 634 shares during the period. UMB Bank n.a. grew its holdings in shares of Kilroy Realty by 46.0% in the 2nd quarter. UMB Bank n.a. now owns 1,694 shares of the real estate investment trust's stock worth $58,000 after purchasing an additional 534 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of 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, Meeder Asset Management Inc. lifted its holdings in Kilroy Realty by 3,410.7% during 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. 94.22% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Merryl Elizabeth Werber sold 6,250 shares of the company'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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $38.05, for a total value of $152,085.85. Following the sale, the executive vice president directly owned 43,826 shares in the company, valued at $1,667,579.30. The trade was 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 Price Performance

Shares of KRC stock opened at $42.39 on Monday. The firm's 50 day moving average price is $40.75 and its two-hundred day moving average price is $35.99. 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 Corporation has a 52-week low of $27.07 and a 52-week high of $45.03. The stock has a market cap of $5.01 billion, a PE ratio of 23.04 and a beta of 1.24.

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. Kilroy Realty had a return on equity of 3.92% and a net margin of 19.29%.The company had revenue of $289.89 million for the quarter, compared to the consensus estimate of $268.84 million. During the same quarter in the prior year, the business posted $1.10 EPS. The firm's quarterly revenue was up 3.3% on a year-over-year basis. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. As a group, analysts forecast 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 will be paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 30th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.1%. Kilroy Realty's dividend payout ratio is 117.39%.

Analysts Set New Price Targets

KRC has been the subject of several recent analyst reports. Evercore ISI raised their price objective on shares of Kilroy Realty from $42.00 to $46.00 and gave the stock an "in-line" rating in a report on Monday, September 8th. JPMorgan Chase & Co. cut their price objective on Kilroy Realty from $42.00 to $40.00 and set an "overweight" rating for the company in a research report on Wednesday, July 2nd. Royal Bank Of Canada increased their target price on Kilroy Realty from $39.00 to $40.00 and gave the stock a "sector perform" rating in a report on Thursday, August 7th. Scotiabank raised Kilroy Realty from a "sector underperform" rating to a "sector perform" rating and lifted their price target for the company from $40.00 to $47.00 in a report on Wednesday, September 17th. Finally, Wells Fargo & Company increased their price objective on shares of Kilroy Realty from $33.00 to $40.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 27th. Two investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Kilroy Realty has a consensus 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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