Kilroy Realty Corporation $KRC Stock Holdings Boosted by Voya Investment Management LLC

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 first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,894 shares of the real estate investment trust's stock after purchasing an additional 40,511 shares during the period. Voya Investment Management LLC owned approximately 0.13% of Kilroy Realty worth $4,911,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its stake in shares of Kilroy Realty by 192.1% in the first 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 in the last quarter. GF Fund Management CO. LTD. acquired a new position in shares of Kilroy Realty in the 4th quarter valued at approximately $82,000. PNC Financial Services Group Inc. raised its position in shares of Kilroy Realty by 22.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,346 shares of the real estate investment trust's stock valued at $110,000 after purchasing an additional 614 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in shares of 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 valued at $129,000 after buying an additional 3,820 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in shares of Kilroy Realty by 70.4% during the first quarter. Fifth Third Bancorp now owns 4,298 shares of the real estate investment trust's stock worth $141,000 after buying an additional 1,775 shares in the last quarter. Institutional investors and hedge funds own 94.22% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KRC. Barclays reaffirmed an "equal weight" rating and issued a $43.00 price target on shares of Kilroy Realty in a report on Thursday, September 4th. Zacks Research upgraded shares of Kilroy Realty to a "hold" rating in a research note on Friday, August 8th. The Goldman Sachs Group reaffirmed a "sell" rating and set a $33.00 price target on shares of Kilroy Realty in a research report on Thursday, August 21st. BMO Capital Markets lowered Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 price objective for the company. in a report on Wednesday, July 16th. Finally, Royal Bank Of Canada increased their target price on Kilroy Realty from $39.00 to $40.00 and gave the stock a "sector perform" rating in a report on Thursday, August 7th. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $39.45.

Insider Activity at Kilroy Realty

In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 6,250 shares of the business's stock in a transaction on 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 in the company, valued at approximately $1,011,931.80. The trade was a 19.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Eliott Trencher sold 3,997 shares of the firm'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 transaction, the executive vice president directly owned 43,826 shares in the company, valued at $1,667,579.30. This trade represents a 8.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.49% of the company's stock.

Kilroy Realty Stock Performance

NYSE KRC traded up $0.13 during trading hours on Monday, hitting $44.36. The company had a trading volume of 1,150,916 shares, compared to its average volume of 1,423,906. 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 firm has a market cap of $5.25 billion, a P/E ratio of 24.11 and a beta of 1.25. Kilroy Realty Corporation has a fifty-two week low of $27.07 and a fifty-two week high of $44.89. The business has a fifty day simple moving average of $39.73 and a 200-day simple moving average of $35.41.

Kilroy Realty (NYSE:KRC - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.13 EPS 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 analyst estimates of $268.84 million. During the same quarter in the prior year, the firm earned $1.10 earnings per share. The company's quarterly 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. Equities analysts predict that Kilroy Realty Corporation will post 4 EPS for the current year.

Kilroy Realty Announces Dividend

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

About Kilroy Realty

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.