T. Rowe Price Investment Management Inc. Has $101.67 Million Stock Holdings in Kilroy Realty Corporation $KRC

Key Points

• T. Rowe Price Investment Management Inc. acquired an additional 99,567 shares of Kilroy Realty, increasing its total holdings to approximately 3.1 million shares, representing about 2.62% of the company.
• The stock of Kilroy Realty traded down by 0.2%, with a current share price of $38.84, amidst a market capitalization of $4.59 billion.
• In its latest earnings report, Kilroy Realty posted an EPS of $1.13, surpassing analysts' expectations, with a revenue of $289.89 million for the quarter.

T. Rowe Price Investment Management Inc. lifted its position in Kilroy Realty Corporation (NYSE:KRC - Free Report) by 3.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,103,487 shares of the real estate investment trust's stock after buying an additional 99,567 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 2.62% of Kilroy Realty worth $101,671,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP boosted its holdings 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 last quarter. GF Fund Management CO. LTD. acquired a new position in shares of Kilroy Realty during the 4th quarter worth approximately $82,000. PNC Financial Services Group Inc. increased its stake in shares of Kilroy Realty by 22.5% in the 1st 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 last quarter. Meeder Asset Management Inc. boosted its holdings in 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 stake 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 valued at $141,000 after buying an additional 1,775 shares during the last quarter. Hedge funds and other institutional investors own 94.22% of the company's stock.

Insiders Place Their Bets

In related news, CAO Merryl Elizabeth Werber sold 6,250 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $38.28, for a total value of $239,250.00. Following the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Eliott Trencher sold 3,997 shares of the firm'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 transaction of $152,085.85. Following the completion of the transaction, the executive vice president owned 43,826 shares in the company, valued at $1,667,579.30. The trade was a 8.36% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.49% of the company's stock.

Kilroy Realty Price Performance

NYSE KRC traded up $0.36 on Wednesday, reaching $40.87. The company had a trading volume of 327,758 shares, compared to its average volume of 1,493,842. Kilroy Realty Corporation has a 12 month low of $27.07 and a 12 month high of $43.78. The stock has a market capitalization of $4.83 billion, a PE ratio of 22.21 and a beta of 1.22. The firm's 50 day moving average price is $36.90 and its 200 day moving average price is $34.32. 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 posted its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.13 EPS for the quarter, topping 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 analyst estimates of $268.84 million. During the same quarter in the previous year, the business posted $1.10 EPS. 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. As a group, equities analysts predict that Kilroy Realty Corporation will post 4 earnings per share for the current year.

Analyst Ratings Changes

KRC has been the topic of a number of research reports. Royal Bank Of Canada raised their price objective on Kilroy Realty from $39.00 to $40.00 and gave the stock a "sector perform" rating in a report on Thursday, August 7th. Evercore ISI decreased their target price on Kilroy Realty from $43.00 to $42.00 and set an "in-line" rating for the company in a research note on Monday, August 18th. Scotiabank lowered their target price on Kilroy Realty from $38.00 to $37.00 and set a "sector underperform" rating for the company in a research note on Monday, July 14th. Wells Fargo & Company boosted their price target on Kilroy Realty from $33.00 to $40.00 and gave the company an "equal weight" rating in a report on Wednesday. Finally, BMO Capital Markets downgraded Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 target price on the stock. in a research report on Wednesday, July 16th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $38.27.

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.