UniSuper Management Pty Ltd Sells 221,393 Shares of Kilroy Realty Corporation $KRC

Key Points

• UniSuper Management Pty Ltd reduced its stake in Kilroy Realty Corporation by 41.0%, selling 221,393 shares and owning 319,185 shares, valued at approximately $10.46 million.
• Several other hedge funds have increased their stakes, with Allworth Financial LP raising theirs by 192.1% during the same period.
• Analysts have mixed ratings on Kilroy Realty, with a consensus price target of $38.45, reflecting a range of opinions from "buy" to "sell."

UniSuper Management Pty Ltd reduced its holdings in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) by 41.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 319,185 shares of the real estate investment trust's stock after selling 221,393 shares during the period. UniSuper Management Pty Ltd owned about 0.27% of Kilroy Realty worth $10,457,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. lifted its holdings in Kilroy Realty by 23.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,205 shares of the real estate investment trust's stock valued at $203,000 after purchasing an additional 1,168 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in Kilroy Realty by 1.7% during the 1st 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 last quarter. Fifth Third Bancorp lifted its holdings in 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 purchasing an additional 1,775 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Kilroy Realty in the first quarter worth about $251,000. Finally, GAMMA Investing LLC raised its stake 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 worth $1,700,000 after acquiring an additional 53,844 shares during the last quarter. 94.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Evercore ISI boosted 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 note on Monday, September 8th. The Goldman Sachs Group reaffirmed a "sell" rating and issued a $33.00 target price on shares of Kilroy Realty in a research note on Thursday, August 21st. Zacks Research raised shares of Kilroy Realty to a "hold" rating in a research note on Friday, August 8th. BMO Capital Markets cut shares of Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 price target for the company. in a research report on Wednesday, July 16th. Finally, Wells Fargo & Company lifted their price target on shares of Kilroy Realty from $33.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 27th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Kilroy Realty currently has an average rating of "Reduce" and a consensus price target of $38.82.

Insiders Place Their Bets

In other news, EVP Eliott Trencher sold 3,997 shares of the business's stock in a transaction 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 $1,667,579.30. The trade was a 8.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $38.28, for a total transaction of $239,250.00. Following the completion of the sale, the chief accounting officer 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 disclosure for this sale can be found here. Insiders own 1.57% of the company's stock.

Kilroy Realty Trading Up 0.6%

NYSE KRC traded up $0.26 during trading on Friday, reaching $43.21. 1,077,763 shares of the stock traded hands, compared to its average volume of 1,197,938. The firm has a market cap of $5.11 billion, a price-to-earnings ratio of 23.48 and a beta of 1.26. The stock's 50-day moving average price is $38.76 and its 200 day moving average price is $34.99. 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 Corporation has a fifty-two week low of $27.07 and a fifty-two week high of $43.78.

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, beating analysts' consensus estimates of $1.01 by $0.12. The firm had revenue of $289.89 million during the quarter, compared to analysts' expectations of $268.84 million. Kilroy Realty had a net margin of 19.29% and a return on equity of 3.92%. The business's revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.10 earnings per share. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. Analysts predict that Kilroy Realty Corporation will post 4 EPS for the current year.

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.