Kilroy Realty Corporation $KRC Shares Sold by Swedbank AB

Key Points

• Swedbank AB has reduced its stake in Kilroy Realty Corporation by 46.6% in the second quarter, now owning approximately 79,884 shares valued at about $2.74 million.
• Multiple large investors have modified their holdings in Kilroy Realty, with notable increases from Allworth Financial LP and Meeder Asset Management Inc., indicating a trend of growing institutional interest.
• Kilroy Realty is set to pay a quarterly dividend of $0.54 on October 8, reflecting an annualized dividend yield of 4.9%, despite a payout ratio currently at 117.39%.

Swedbank AB lessened its holdings in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) by 46.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,884 shares of the real estate investment trust's stock after selling 69,759 shares during the period. Swedbank AB owned 0.07% of Kilroy Realty worth $2,741,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of KRC. Northern Trust Corp boosted its holdings in shares of Kilroy Realty by 39.5% during the 1st quarter. Northern Trust Corp now owns 2,923,836 shares of the real estate investment trust's stock valued at $95,785,000 after buying an additional 827,365 shares in the last quarter. Long Pond Capital LP bought a new stake in shares of Kilroy Realty during the 1st quarter valued at $24,183,000. MetLife Investment Management LLC boosted its holdings in shares of Kilroy Realty by 566.3% during the 1st quarter. MetLife Investment Management LLC now owns 421,050 shares of the real estate investment trust's stock valued at $13,794,000 after buying an additional 357,855 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Kilroy Realty during the 4th quarter valued at $11,892,000. Finally, Strs Ohio bought a new stake in shares of Kilroy Realty during the 1st quarter valued at $9,575,000. Institutional investors own 94.22% of the company's stock.

Kilroy Realty Price Performance

Shares of NYSE KRC traded up $0.13 during midday trading on Monday, reaching $44.36. 1,150,916 shares of the stock traded hands, compared to its average volume of 1,423,906. The stock has a market capitalization of $5.25 billion, a PE ratio of 24.11 and a beta of 1.25. The company's 50 day moving average is $39.73 and its 200 day moving average is $35.41. Kilroy Realty Corporation has a one year low of $27.07 and a one year high of $44.89. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.35 and a quick ratio of 2.35.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued its quarterly earnings results 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. 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 during the quarter, compared to the consensus estimate of $268.84 million. During the same period last year, the company earned $1.10 earnings per share. Kilroy Realty's 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. On average, equities research analysts anticipate that Kilroy Realty Corporation will post 4 earnings per share for the current year.

Kilroy Realty Dividend Announcement

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

Insider Buying and Selling at Kilroy Realty

In other Kilroy Realty news, EVP Eliott Trencher sold 3,997 shares of the business's stock in a transaction that occurred 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 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 can be accessed through this link. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of the company's 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 transaction, the chief accounting officer directly owned 26,435 shares of the company's stock, valued at approximately $1,011,931.80. The trade was a 19.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.49% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. 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 report on Wednesday, August 27th. Mizuho dropped their price target on shares of Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating on the stock in a research note on Monday, July 14th. Barclays reiterated an "equal weight" rating and issued a $43.00 price target on shares of Kilroy Realty in a research note on Thursday, September 4th. Zacks Research upgraded shares of Kilroy Realty to a "hold" rating in a research note on Friday, August 8th. Finally, Scotiabank upgraded shares of Kilroy Realty from a "sector underperform" rating to a "sector perform" rating and upped their price target for the stock from $40.00 to $47.00 in a research note on Wednesday, September 17th. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $39.45.

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.