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 lessened its stake in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) by 41.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 0.27% of Kilroy Realty worth $10,457,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP increased its stake in Kilroy Realty by 192.1% during the 1st quarter. Allworth Financial LP now owns 964 shares of the real estate investment trust's stock worth $31,000 after acquiring an additional 634 shares during the period. GF Fund Management CO. LTD. bought a new position in Kilroy Realty during the 4th quarter worth $82,000. PNC Financial Services Group Inc. increased its stake in Kilroy Realty by 22.5% during 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 period. Meeder Asset Management Inc. increased its stake 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 worth $129,000 after acquiring an additional 3,820 shares during the period. Finally, Fifth Third Bancorp increased its stake 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 worth $141,000 after acquiring an additional 1,775 shares during the period. Institutional investors own 94.22% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on KRC shares. Scotiabank raised their price objective on Kilroy Realty from $37.00 to $40.00 and gave the stock a "sector underperform" rating in a research note on Thursday, August 28th. Wells Fargo & Company lifted their price target on Kilroy Realty from $33.00 to $40.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 27th. Mizuho decreased their price target on Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating on the stock in a research note on Monday, July 14th. BMO Capital Markets lowered Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 price target on the stock. in a research note on Wednesday, July 16th. Finally, The Goldman Sachs Group reiterated a "sell" rating and issued a $33.00 price target on shares of Kilroy Realty in a research note on Thursday, August 21st. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus price target of $38.45.

Kilroy Realty Trading Up 3.1%

NYSE KRC opened at $42.69 on Monday. 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 twelve month low of $27.07 and a twelve month high of $43.78. The company has a market cap of $5.05 billion, a price-to-earnings ratio of 23.20 and a beta of 1.25. The business's fifty day moving average is $37.99 and its 200 day moving average is $34.69.

Kilroy Realty (NYSE:KRC - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $268.84 million. During the same quarter last year, the business posted $1.10 EPS. Kilroy Realty's revenue for the quarter 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, sell-side analysts expect that Kilroy Realty Corporation will post 4 EPS for the current fiscal year.

Insider Buying and Selling at Kilroy Realty

In related news, EVP Eliott Trencher sold 3,997 shares of the firm's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $38.05, for a total transaction 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. This trade represents a 8.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of the firm's stock in a transaction on 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 in the company, valued at approximately $1,011,931.80. This trade represents a 19.12% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.49% of the company's stock.

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.

Want to see what other hedge funds are holding KRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kilroy Realty Corporation (NYSE:KRC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.