Wellington Management Group LLP Sells 285,524 Shares of Kilroy Realty Corporation $KRC

Key Points

• Wellington Management cut its Kilroy Realty stake by 55.4% in the second quarter, selling 285,524 shares and retaining 229,842 shares valued at approximately $8.6 million.
• Institutional ownership remains high at 94.22%, with BlackRock, Norges Bank and Route One Investment Company among investors establishing significant new positions, while other funds also increased their holdings.
• Kilroy Realty reported quarterly EPS of $0.17, well below the $0.90 consensus estimate, despite revenue of $272.37 million exceeding forecasts. Analysts maintain a consensus “Hold” rating with an average price target of $39.47.

Wellington Management Group LLP trimmed its holdings in Kilroy Realty Corporation (NYSE:KRC - Free Report) by 55.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 229,842 shares of the real estate investment trust's stock after selling 285,524 shares during the quarter. Wellington Management Group LLP owned about 0.20% of Kilroy Realty worth $8,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in KRC. BlackRock Inc. bought a new stake in Kilroy Realty in the second quarter worth approximately $581,003,000. Norges Bank bought a new position in shares of Kilroy Realty during the 4th quarter worth approximately $340,131,000. Route One Investment Company L.P. bought a new position in shares of Kilroy Realty during the 2nd quarter worth approximately $159,181,000. Rush Island Management LP grew its position in shares of Kilroy Realty by 84.5% during the 1st quarter. Rush Island Management LP now owns 4,860,742 shares of the real estate investment trust's stock worth $137,122,000 after buying an additional 2,226,821 shares during the period. Finally, Morgan Stanley grew its position in shares of Kilroy Realty by 231.5% during the 4th quarter. Morgan Stanley now owns 2,643,973 shares of the real estate investment trust's stock worth $98,805,000 after buying an additional 1,846,325 shares during the period. Institutional investors own 94.22% of the company's stock.

Kilroy Realty Stock Performance

Shares of KRC stock opened at $36.21 on Wednesday. The firm has a market capitalization of $4.21 billion, a PE ratio of 25.50 and a beta of 1.11. The firm has a fifty day simple moving average of $37.99 and a two-hundred day simple moving average of $34.51. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 0.83. Kilroy Realty Corporation has a 12 month low of $27.36 and a 12 month high of $45.03.

Kilroy Realty (NYSE:KRC - Get Free Report) last released its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.73). Kilroy Realty had a return on equity of 3.04% and a net margin of 15.47%.The business had revenue of $272.37 million for the quarter, compared to analyst estimates of $267.39 million. The business's quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.13 EPS. Kilroy Realty has set its FY 2026 guidance at 3.490-3.630 EPS. Analysts forecast that Kilroy Realty Corporation will post 3.59 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. UBS Group set a $44.00 target price on shares of Kilroy Realty in a research report on Tuesday, June 16th. Needham & Company LLC restated a "buy" rating on shares of Kilroy Realty in a report on Monday, June 8th. Weiss Ratings raised shares of Kilroy Realty from a "hold (c-)" rating to a "hold (c)" rating in a research note on Wednesday, July 1st. Barclays upped their price objective on shares of Kilroy Realty from $31.00 to $38.00 and gave the company an "equal weight" rating in a report on Tuesday, July 21st. Finally, Bank of America upgraded Kilroy Realty from a "neutral" rating to a "buy" rating and raised their target price for the company from $42.00 to $44.00 in a research note on Tuesday, June 16th. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Kilroy Realty currently has a consensus rating of "Hold" and a consensus target price of $39.47.

Insider Buying and Selling at Kilroy Realty

In related news, Director Jolie Hunt sold 15,800 shares of the firm's stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $37.79, for a total value of $597,082.00. Following the transaction, the director owned 13,892 shares of the company's stock, valued at approximately $524,978.68. This trade represents a 53.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.83% of the stock is owned by corporate insiders.

Kilroy Realty Profile

Kilroy Realty Corporation NYSE: KRC is a publicly traded real estate investment trust focused on the development, acquisition and management of high‐quality office and mixed‐use properties along the U.S. West Coast. The company's portfolio encompasses major urban markets including Los Angeles, San Diego, the San Francisco Bay Area and Seattle. Kilroy Realty targets properties in transit‐oriented submarkets, blending workplace space with retail, residential and hospitality amenities to create vibrant, walkable neighborhoods.

Founded in the mid‐20th century by members of the Kilroy family, the company evolved from a regional landlord into one of the leading West Coast office landlords.

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