Sequoia Financial Advisors LLC Buys New Stake in Kilroy Realty Corporation $KRC

Key Points

• Sequoia Financial Advisors LLC has acquired a new stake in Kilroy Realty Corporation, buying 9,335 shares valued at approximately $320,000 during the second quarter.
• A significant percentage of Kilroy Realty's stock, currently at 94.22%, is owned by institutional investors and hedge funds, indicating strong market confidence in the company.
• The company recently declared a quarterly dividend of $0.54 per share, providing an annualized yield of 5.3% to its investors.

Sequoia Financial Advisors LLC bought a new stake in Kilroy Realty Corporation (NYSE:KRC - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 9,335 shares of the real estate investment trust's stock, valued at approximately $320,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Personalized Indexing Management LLC grew its stake in Kilroy Realty by 11.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 32,327 shares of the real estate investment trust's stock valued at $1,109,000 after buying an additional 3,228 shares during the last quarter. Inspire Investing LLC grew its stake in Kilroy Realty by 14.6% in the 2nd quarter. Inspire Investing LLC now owns 14,090 shares of the real estate investment trust's stock valued at $483,000 after buying an additional 1,792 shares during the last quarter. Aberdeen Group plc grew its stake in Kilroy Realty by 956.9% in the 2nd quarter. Aberdeen Group plc now owns 372,167 shares of the real estate investment trust's stock valued at $12,769,000 after buying an additional 336,953 shares during the last quarter. Optas LLC acquired a new position in Kilroy Realty in the 2nd quarter valued at $235,000. Finally, KLP Kapitalforvaltning AS grew its stake in Kilroy Realty by 5.3% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 31,800 shares of the real estate investment trust's stock valued at $1,106,000 after buying an additional 1,600 shares during the last quarter. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Kilroy Realty news, EVP Eliott Trencher sold 3,997 shares of the business's stock in a transaction dated 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 directly owned 43,826 shares of the company's stock, valued at approximately $1,667,579.30. The trade was a 8.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of the business's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $38.28, for a total transaction of $239,250.00. Following the completion of the transaction, the chief accounting officer directly owned 26,435 shares of the company's stock, valued at approximately $1,011,931.80. This represents a 19.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.57% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on KRC shares. New Street Research set a $45.00 price target on shares of Kilroy Realty in a research report on Monday, October 13th. Mizuho dropped their price objective on shares of Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating on the stock in a report on Monday, July 14th. JPMorgan Chase & Co. restated a "neutral" rating and set a $44.00 price objective (down previously from $46.00) on shares of Kilroy Realty in a report on Friday, October 17th. The Goldman Sachs Group restated a "sell" rating and set a $33.00 price objective on shares of Kilroy Realty in a report on Thursday, August 21st. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Kilroy Realty in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Kilroy Realty presently has an average rating of "Hold" and a consensus target price of $41.17.

Kilroy Realty Trading Down 0.1%

Shares of KRC stock opened at $40.92 on Thursday. Kilroy Realty Corporation has a 12-month low of $27.07 and a 12-month high of $45.03. The company has a market capitalization of $4.84 billion, a P/E ratio of 22.24 and a beta of 1.24. The firm has a 50-day moving average price of $41.59 and a 200 day moving average price of $36.63. 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 (NYSE:KRC - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.12. Kilroy Realty had a net margin of 19.29% and a return on equity of 3.92%. The firm had revenue of $289.89 million during the quarter, compared to the consensus estimate of $268.84 million. During the same period last year, the firm 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. Research analysts forecast that Kilroy Realty Corporation will post 4 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 8th. Investors of record on Tuesday, September 30th were issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend was Tuesday, September 30th. Kilroy Realty's dividend payout ratio (DPR) is currently 117.39%.

Kilroy Realty 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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