Strs Ohio Takes Position in Kilroy Realty Corporation $KRC

Key Points

• Strs Ohio has acquired a new stake in Kilroy Realty Corporation, purchasing 292,276 shares valued at approximately $9.58 million.
• Several institutional investors, including Ameriprise and Millennium Management, have also increased their stakes in Kilroy Realty, with institutional ownership now at 94.22%.
• Analysts have mixed opinions on Kilroy Realty, with price targets ranging from $35.00 to $46.00 and an average rating of "Reduce."

Strs Ohio bought a new stake in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 292,276 shares of the real estate investment trust's stock, valued at approximately $9,575,000. Strs Ohio owned 0.25% of Kilroy Realty as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Allworth Financial LP lifted its position in shares of Kilroy Realty by 192.1% during the 1st 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. GF Fund Management CO. LTD. bought a new stake in shares of Kilroy Realty during the 4th quarter valued at $82,000. PNC Financial Services Group Inc. lifted 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 valued at $110,000 after acquiring an additional 614 shares during the period. Meeder Asset Management Inc. lifted its position in shares of 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 acquiring an additional 3,820 shares during the period. Finally, Fifth Third Bancorp lifted its position in shares of Kilroy Realty by 70.4% during the 1st quarter. Fifth Third Bancorp now owns 4,298 shares of the real estate investment trust's stock valued at $141,000 after acquiring an additional 1,775 shares during the period. 94.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Royal Bank Of Canada upped their price objective on Kilroy Realty from $39.00 to $40.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 7th. Zacks Research upgraded Kilroy Realty to a "hold" rating in a research report on Friday, August 8th. The Goldman Sachs Group restated a "sell" rating and set a $33.00 price objective on shares of Kilroy Realty in a research report on Thursday, August 21st. Evercore ISI upped their price objective on Kilroy Realty from $42.00 to $46.00 and gave the stock an "in-line" rating in a research report on Monday, September 8th. Finally, Scotiabank upgraded Kilroy Realty from a "sector underperform" rating to a "sector perform" rating and upped their price objective for the stock from $40.00 to $47.00 in a research report on Wednesday. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $39.45.

Insider Buying and Selling

In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 6,250 shares of Kilroy Realty stock in a transaction that occurred on Wednesday, August 13th. The stock was 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 directly owned 26,435 shares in the company, valued at approximately $1,011,931.80. The trade was a 19.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Eliott Trencher sold 3,997 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president owned 43,826 shares of the company's stock, valued at approximately $1,667,579.30. This represents a 8.36% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.57% of the company's stock.

Kilroy Realty Trading Up 1.6%

Shares of KRC stock traded up $0.69 during mid-day trading on Thursday, reaching $44.41. 1,529,244 shares of the stock traded hands, compared to its average volume of 1,354,977. Kilroy Realty Corporation has a 1-year low of $27.07 and a 1-year high of $44.89. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.82. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 24.14 and a beta of 1.26. The stock's fifty day simple moving average is $39.45 and its two-hundred day simple moving average is $35.23.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.12. The company had revenue of $289.89 million during the quarter, compared to the consensus estimate of $268.84 million. Kilroy Realty had a return on equity of 3.92% and a net margin of 19.29%.The firm's revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company earned $1.10 earnings per share. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. On average, research analysts anticipate that Kilroy Realty Corporation will post 4 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Tuesday, September 30th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Tuesday, September 30th. Kilroy Realty's payout ratio is presently 117.39%.

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.