Swedbank AB Has $4.90 Million Stake in Kilroy Realty Corporation $KRC

Key Points

• Swedbank AB has reduced its stake in Kilroy Realty Corporation by 11.5%, now holding 149,643 shares valued at approximately $4.9 million.
• Other institutional investors including Northern Trust Corp and MetLife Investment Management have increased their positions significantly, with Northern Trust Corp raising its stake by 39.5%.
• Analysts have mixed views on Kilroy Realty, with an average price target of $38.82 and a consensus rating of "Reduce," while the stock currently trades around $43.65.

Swedbank AB lessened its holdings in Kilroy Realty Corporation (NYSE:KRC - Free Report) by 11.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 149,643 shares of the real estate investment trust's stock after selling 19,479 shares during the period. Swedbank AB owned 0.13% of Kilroy Realty worth $4,902,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP raised its position 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 about $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 purchasing an additional 614 shares during the last quarter. 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 purchasing an additional 3,820 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in 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 buying an additional 1,775 shares during the period. Hedge funds and other institutional investors own 94.22% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on KRC shares. BMO Capital Markets lowered shares of Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 price objective for the company. in a report on Wednesday, July 16th. Evercore ISI lifted their target price on shares of Kilroy Realty from $42.00 to $46.00 and gave the stock an "in-line" rating in a research report on Monday, September 8th. Royal Bank Of Canada boosted their price objective 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 upgraded shares of Kilroy Realty from a "sector underperform" rating to a "sector perform" rating and lifted their target price for the company from $40.00 to $47.00 in a research note on Wednesday. Finally, 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. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Kilroy Realty has an average rating of "Hold" and an average target price of $39.45.

Insider Transactions at Kilroy Realty

In other Kilroy Realty news, EVP Eliott Trencher sold 3,997 shares of the firm's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $38.05, for a total transaction of $152,085.85. Following the sale, the executive vice president directly owned 43,826 shares of the company's stock, valued at $1,667,579.30. This trade represents a 8.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of the firm'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 sale, 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 disclosure for this sale can be found here. 1.57% of the stock is currently owned by corporate insiders.

Kilroy Realty Trading Down 0.4%

KRC stock traded down $0.19 during trading on Friday, reaching $44.25. 2,375,728 shares of the stock were exchanged, compared to its average volume of 1,364,847. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.82. The business has a 50 day moving average price of $39.59 and a 200-day moving average price of $35.30. Kilroy Realty Corporation has a 1 year low of $27.07 and a 1 year high of $44.89. The firm has a market capitalization of $5.23 billion, a price-to-earnings ratio of 24.05 and a beta of 1.26.

Kilroy Realty (NYSE:KRC - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.12. Kilroy Realty had a net margin of 19.29% and a return on equity of 3.92%. The business had revenue of $289.89 million for the quarter, compared to the consensus estimate of $268.84 million. During the same period in the previous year, the firm earned $1.10 EPS. The business'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, research analysts predict that Kilroy Realty Corporation will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

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

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.