Route One Investment Company L.P. Buys New Position in Kilroy Realty Corporation $KRC

Key Points

• Route One Investment Company bought 4.25 million shares of Kilroy Realty worth approximately $159.2 million, making KRC about 6.4% of its portfolio and giving it a 3.65% ownership stake.
• Institutional ownership is high at 94.22%, with BlackRock and Norges Bank also initiating sizable positions while other investors increased their holdings.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $39.13. Kilroy Realty missed quarterly EPS estimates, though revenue exceeded expectations and full-year 2026 guidance was set at $3.49–$3.63 per share.

Route One Investment Company L.P. purchased a new position in Kilroy Realty Corporation (NYSE:KRC - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,248,213 shares of the real estate investment trust's stock, valued at approximately $159,181,000. Kilroy Realty accounts for about 6.4% of Route One Investment Company L.P.'s portfolio, making the stock its 8th biggest position. Route One Investment Company L.P. owned about 3.65% of Kilroy Realty as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Kilroy Realty during the second quarter valued at $581,003,000. Norges Bank purchased a new stake in shares of Kilroy Realty during the fourth quarter valued at $340,131,000. Rush Island Management LP grew its stake in shares of Kilroy Realty by 84.5% in the first quarter. Rush Island Management LP now owns 4,860,742 shares of the real estate investment trust's stock worth $137,122,000 after acquiring an additional 2,226,821 shares during the period. Morgan Stanley grew its holdings in shares of Kilroy Realty by 231.5% in the fourth quarter. Morgan Stanley now owns 2,643,973 shares of the real estate investment trust's stock worth $98,805,000 after acquiring an additional 1,846,325 shares during the period. Finally, Wellington Management Group LLP purchased a new stake in Kilroy Realty during the third quarter valued at approximately $58,948,000. Institutional investors own 94.22% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on KRC shares. Bank of America raised Kilroy Realty from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $42.00 to $44.00 in a research note on Tuesday, June 16th. Citigroup increased their target price on shares of Kilroy Realty from $34.00 to $40.00 and gave the stock a "neutral" rating in a report on Thursday, July 30th. BMO Capital Markets raised their target price on shares of Kilroy Realty from $34.00 to $38.00 and gave the stock a "market perform" rating in a research note on Monday, June 15th. Scotiabank lifted their price target on shares of Kilroy Realty from $38.00 to $41.00 and gave the company a "sector perform" rating in a report on Tuesday, July 21st. Finally, The Goldman Sachs Group upped their price target on shares of Kilroy Realty from $28.00 to $31.00 and gave the stock a "sell" rating in a research report on Wednesday, July 29th. Five 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, the stock presently has a consensus rating of "Hold" and an average target price of $39.13.

Insider Buying and Selling

In related news, President Justin William Smart sold 10,848 shares of the business's stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $38.71, for a total value of $419,926.08. Following the sale, the president owned 519,872 shares in the company, valued at approximately $20,124,245.12. The trade was a 2.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jolie A. Hunt sold 15,800 shares of the company's stock in a transaction on Monday, June 29th. The shares were sold at an average price of $37.79, for a total transaction of $597,082.00. Following the sale, the director directly owned 13,892 shares in the company, valued at approximately $524,978.68. The trade was a 53.21% decrease in their position. The SEC filing for this sale provides additional information. 0.83% of the stock is currently owned by corporate insiders.

Kilroy Realty Price Performance

KRC stock opened at $37.20 on Wednesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.65 and a current ratio of 2.65. The company's fifty day moving average price is $38.11 and its 200-day moving average price is $34.23. Kilroy Realty Corporation has a one year low of $27.36 and a one year high of $45.03. The company has a market capitalization of $4.33 billion, a PE ratio of 26.20 and a beta of 1.11.

Kilroy Realty (NYSE:KRC - Get Free Report) last released its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.17 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.73). The company had revenue of $272.37 million for the quarter, compared to the consensus estimate of $267.39 million. Kilroy Realty had a net margin of 15.47% and a return on equity of 3.04%. The firm's revenue for the quarter was down 6.0% on a year-over-year basis. During the same period last year, the company earned $1.13 EPS. Kilroy Realty has set its FY 2026 guidance at 3.490-3.630 EPS. On average, equities analysts anticipate that Kilroy Realty Corporation will post 3.59 EPS for the current fiscal year.

Kilroy Realty Profile

Kilroy Realty Corporation NYSE: KRC is a publicly traded real estate investment trust focused on the development, acquisition and management of high‐quality office and mixed‐use properties along the U.S. West Coast. The company's portfolio encompasses major urban markets including Los Angeles, San Diego, the San Francisco Bay Area and Seattle. Kilroy Realty targets properties in transit‐oriented submarkets, blending workplace space with retail, residential and hospitality amenities to create vibrant, walkable neighborhoods.

Founded in the mid‐20th century by members of the Kilroy family, the company evolved from a regional landlord into one of the leading West Coast office landlords.

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