Voya Investment Management LLC Has $4.91 Million Holdings in Kilroy Realty Corporation $KRC

Key Points

• Voya Investment Management has increased its stake in Kilroy Realty Corporation ($KRC) by 37% during the first quarter, owning 149,894 shares worth approximately $4.9 million.
• Kilroy Realty's stock has received a range of analyst ratings, with an average target price of $39.45, reflecting a mixed sentiment among analysts.
• The company announced a quarterly dividend of $0.54 per share, translating to an annual yield of 4.9%, which will be paid on October 8th.

Voya Investment Management LLC boosted its position in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) by 37.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 149,894 shares of the real estate investment trust's stock after purchasing an additional 40,511 shares during the quarter. Voya Investment Management LLC owned about 0.13% of Kilroy Realty worth $4,911,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KRC. Ameriprise Financial Inc. raised its holdings in Kilroy Realty by 9.6% during the 4th quarter. Ameriprise Financial Inc. now owns 193,835 shares of the real estate investment trust's stock worth $7,841,000 after purchasing an additional 16,959 shares during the last quarter. Cetera Investment Advisers raised its holdings in Kilroy Realty by 6.7% during the 4th quarter. Cetera Investment Advisers now owns 13,830 shares of the real estate investment trust's stock worth $559,000 after purchasing an additional 874 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in Kilroy Realty by 4.2% during the 4th quarter. Nuveen Asset Management LLC now owns 490,078 shares of the real estate investment trust's stock worth $19,824,000 after purchasing an additional 19,586 shares during the last quarter. ProShare Advisors LLC bought a new stake in shares of Kilroy Realty in the 4th quarter valued at about $201,000. Finally, Tidal Investments LLC increased its stake in shares of Kilroy Realty by 51.1% in the 4th quarter. Tidal Investments LLC now owns 11,295 shares of the real estate investment trust's stock valued at $457,000 after acquiring an additional 3,820 shares during the last quarter. 94.22% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Kilroy Realty news, EVP Eliott Trencher sold 3,997 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 43,826 shares of the company's stock, valued at $1,667,579.30. This represents a 8.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $38.28, for a total value of $239,250.00. Following the transaction, the chief accounting officer directly owned 26,435 shares of the company's stock, 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. Corporate insiders own 1.57% of the company's stock.

Kilroy Realty Stock Down 0.4%

NYSE KRC traded down $0.19 during trading hours on Friday, reaching $44.25. 2,375,728 shares of the company's stock were exchanged, compared to its average volume of 1,364,847. The company's 50-day moving average is $39.59 and its two-hundred day moving average is $35.30. Kilroy Realty Corporation has a one year low of $27.07 and a one year high of $44.89. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.35 and a current ratio of 2.35. The company has a market capitalization of $5.23 billion, a price-to-earnings ratio of 24.05 and a beta of 1.26.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its earnings results on Monday, July 28th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.12. Kilroy Realty had a return on equity of 3.92% and a net margin of 19.29%.The business had revenue of $289.89 million during the quarter, compared to analysts' expectations of $268.84 million. During the same period in the prior year, the business earned $1.10 EPS. Kilroy Realty's revenue for the quarter was up 3.3% compared to the same quarter last year. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. On average, analysts forecast that Kilroy Realty Corporation will post 4 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.16 dividend on an annualized basis and a yield of 4.9%. Kilroy Realty's dividend payout ratio is 117.39%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on KRC shares. BMO Capital Markets cut Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 price target for the company. in a research note on Wednesday, July 16th. Evercore ISI upped their price target on Kilroy Realty from $42.00 to $46.00 and gave the company an "in-line" rating in a research note on Monday, September 8th. Scotiabank raised Kilroy Realty from a "sector underperform" rating to a "sector perform" rating and upped their price target for the company from $40.00 to $47.00 in a research note on Wednesday. Wells Fargo & Company upped 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. Finally, The Goldman Sachs Group reaffirmed a "sell" rating and issued a $33.00 price target on shares of Kilroy Realty in a research note on Thursday, August 21st. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, Kilroy Realty has an average rating of "Hold" and a consensus target price of $39.45.

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.