Russell Investments Group Ltd. Lowers Position in Kilroy Realty Corporation $KRC

Key Points

• Russell Investments Group Ltd. reduced its holdings in Kilroy Realty Corporation by 65.2%, selling 306,546 shares and retaining only 163,736 shares worth approximately $5.36 million.
• Multiple hedge funds, including Allworth Financial LP and Meeder Asset Management Inc., increased their stakes in Kilroy Realty, reflecting a shift in investor interest in the company's stock.
• Brokerages have issued varied ratings on Kilroy Realty, with BMO Capital Markets downgrading the stock to "underperform," while Zacks upgraded it to a "hold," highlighting differing analyst perspectives on the company's outlook.

Russell Investments Group Ltd. lessened its position in Kilroy Realty Corporation (NYSE:KRC - Free Report) by 65.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 163,736 shares of the real estate investment trust's stock after selling 306,546 shares during the period. Russell Investments Group Ltd. owned about 0.14% of Kilroy Realty worth $5,364,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP lifted its stake in shares of Kilroy Realty by 192.1% in the first quarter. Allworth Financial LP now owns 964 shares of the real estate investment trust's stock worth $31,000 after buying an additional 634 shares in the last quarter. GF Fund Management CO. LTD. bought a new stake in shares of Kilroy Realty in the fourth quarter worth approximately $82,000. PNC Financial Services Group Inc. grew its stake in shares of Kilroy Realty by 22.5% in the first quarter. PNC Financial Services Group Inc. now owns 3,346 shares of the real estate investment trust's stock worth $110,000 after acquiring an additional 614 shares during the period. Meeder Asset Management Inc. grew its stake in shares of Kilroy Realty by 3,410.7% in the first quarter. Meeder Asset Management Inc. now owns 3,932 shares of the real estate investment trust's stock worth $129,000 after acquiring an additional 3,820 shares during the period. Finally, Fifth Third Bancorp grew its stake in shares of 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 worth $141,000 after acquiring an additional 1,775 shares during the period. Institutional investors own 94.22% of the company's stock.

Insider Buying and Selling

In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 6,250 shares of the company'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 value of $239,250.00. Following the completion of the transaction, the chief accounting officer directly owned 26,435 shares in the company, valued at $1,011,931.80. This represents a 19.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Eliott Trencher sold 3,997 shares of the business's stock in a transaction 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 transaction, the executive vice president directly owned 43,826 shares in the company, valued at $1,667,579.30. This trade represents a 8.36% 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 Price Performance

Shares of KRC traded up $0.67 during mid-day trading on Wednesday, reaching $41.18. The stock had a trading volume of 1,455,049 shares, compared to its average volume of 1,487,603. The firm has a market cap of $4.87 billion, a price-to-earnings ratio of 22.38 and a beta of 1.22. Kilroy Realty Corporation has a 12 month low of $27.07 and a 12 month high of $43.78. The business has a fifty day moving average of $37.02 and a 200 day moving average of $34.37. 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 posted its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.12. The business had revenue of $289.89 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business posted $1.10 earnings per share. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. Equities analysts predict that Kilroy Realty Corporation will post 4 EPS for the current year.

Analyst Ratings Changes

KRC has been the subject of a number of research analyst reports. Zacks Research upgraded shares of Kilroy Realty to a "hold" rating in a research note on Friday, August 8th. BMO Capital Markets lowered 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 report on Wednesday, July 16th. Royal Bank Of Canada boosted 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 report on Thursday, August 7th. Scotiabank cut their target price on shares of Kilroy Realty from $38.00 to $37.00 and set a "sector underperform" rating for the company in a research report on Monday, July 14th. Finally, Wells Fargo & Company boosted their target price on shares of Kilroy Realty from $33.00 to $40.00 and gave the company an "equal weight" rating in a research report on Wednesday. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $38.27.

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.