Vident Advisory LLC Has $1.39 Million Position in Kilroy Realty Corporation $KRC

Key Points

• Vident Advisory LLC increased its holdings in Kilroy Realty Corporation by 277.3%, owning 42,367 shares valued at $1,388,000 after acquiring an additional 31,137 shares in the first quarter.
• Several institutional investors, including US Bancorp and PNC Financial Services Group, also boosted their positions in Kilroy Realty, with 94.22% of the stock now owned by hedge funds and institutional investors.
• Analysts have mixed ratings on Kilroy Realty, with a current consensus rating of "Hold" and a price target averaging $38.55, despite some firms increasing their target prices recently.

Vident Advisory LLC raised its position in Kilroy Realty Corporation (NYSE:KRC - Free Report) by 277.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,367 shares of the real estate investment trust's stock after purchasing an additional 31,137 shares during the period. Vident Advisory LLC's holdings in Kilroy Realty were worth $1,388,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. increased 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 purchasing an additional 1,168 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in 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 in the last quarter. Fifth Third Bancorp increased 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 purchasing an additional 1,775 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in Kilroy Realty in the first quarter valued at approximately $251,000. Finally, GAMMA Investing LLC increased its stake in 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 in the last quarter. Institutional investors own 94.22% of the company's stock.

Insider Activity

In other Kilroy Realty news, EVP Eliott Trencher sold 3,997 shares of Kilroy Realty 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 owned 43,826 shares in the company, valued at $1,667,579.30. The trade was a 8.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of Kilroy Realty 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 sale, the chief accounting officer owned 26,435 shares of the company's stock, valued at $1,011,931.80. This trade represents a 19.12% decrease in their position. The disclosure for this sale can be found here. 1.57% of the stock is owned by insiders.

Kilroy Realty Stock Performance

Shares of NYSE KRC traded up $1.29 during mid-day trading on Friday, reaching $42.69. 1,721,943 shares of the company were exchanged, compared to its average volume of 1,138,673. The company's 50-day simple moving average is $37.99 and its 200-day simple moving average is $34.68. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $5.05 billion, a P/E ratio of 23.20 and a beta of 1.26. Kilroy Realty Corporation has a twelve month low of $27.07 and a twelve month 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 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 business had revenue of $289.89 million during the quarter, compared to analysts' expectations of $268.84 million. During the same quarter in the previous year, the company 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. As a group, research analysts predict that Kilroy Realty Corporation will post 4 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on KRC. Evercore ISI lowered their target price on shares of 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. BMO Capital Markets downgraded 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 research report on Wednesday, July 16th. JPMorgan Chase & Co. reduced their target price on shares of Kilroy Realty from $42.00 to $40.00 and set an "overweight" rating for the company in a report on Wednesday, July 2nd. Scotiabank increased their target price on shares of Kilroy Realty from $37.00 to $40.00 and gave the stock a "sector underperform" rating in a report on Thursday, August 28th. Finally, Mizuho reduced their target price on shares of Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating for the company in a report on Monday, July 14th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus target price of $38.45.

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.