T. Rowe Price Investment Management Inc. Buys 99,567 Shares of 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. raised its stake 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 & Exchange Commission. The fund owned 3,103,487 shares of the real estate investment trust's stock after acquiring 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 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. boosted its stake in Kilroy Realty by 23.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,205 shares of the real estate investment trust's stock valued at $203,000 after acquiring an additional 1,168 shares during the last quarter. Asset Management One Co. Ltd. raised its position in shares of Kilroy Realty by 1.7% in the first quarter. Asset Management One Co. Ltd. now owns 157,796 shares of the real estate investment trust's stock valued at $5,169,000 after purchasing an additional 2,586 shares during the period. Fifth Third Bancorp raised its position in shares of 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 purchasing an additional 1,775 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in shares of Kilroy Realty in the first quarter valued at approximately $251,000. Finally, GAMMA Investing LLC raised its position in shares of Kilroy Realty by 2,913.6% in the first quarter. GAMMA Investing LLC now owns 55,692 shares of the real estate investment trust's stock valued at $1,700,000 after purchasing an additional 53,844 shares during the period. 94.22% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Kilroy Realty

In other 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 value of $152,085.85. Following the completion of the sale, the executive vice president directly owned 43,826 shares of the company's stock, valued at approximately $1,667,579.30. This trade represents a 8.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of the 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 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. Corporate insiders own 2.49% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KRC. The Goldman Sachs Group reaffirmed a "sell" rating and set a $33.00 target price on shares of Kilroy Realty in a report on Thursday. JPMorgan Chase & Co. decreased their target price on shares of Kilroy Realty from $42.00 to $40.00 and set an "overweight" rating on the stock in a report on Wednesday, July 2nd. Wells Fargo & Company decreased their target price on shares of Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating on the stock in a report on Monday, May 19th. Mizuho decreased their target price 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. Finally, BMO Capital Markets lowered shares of Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 target price on the stock. in a report on Wednesday, July 16th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $37.64.

Kilroy Realty Price Performance

KRC stock traded up $1.2920 during midday trading on Friday, reaching $40.1520. The company had a trading volume of 1,194,556 shares, compared to its average volume of 1,708,727. 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 Corporation has a 1 year low of $27.07 and a 1 year high of $43.78. The company has a market capitalization of $4.75 billion, a P/E ratio of 21.82 and a beta of 1.22. The firm has a 50-day moving average price of $36.69 and a 200-day moving average price of $34.26.

Kilroy Realty (NYSE:KRC - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $289.89 million during the quarter, compared to analysts' expectations of $268.84 million. During the same quarter in the prior year, the company earned $1.10 EPS. The firm'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 anticipate that Kilroy Realty Corporation will post 4 earnings per share for the current fiscal year.

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.