Wolverine Asset Management LLC Purchases New Position in Kilroy Realty Corporation $KRC

Key Points

• Wolverine Asset Management initiated a new position in Kilroy Realty, purchasing 136,346 shares worth about $5.10 million, representing roughly 0.12% of the company at quarter-end.
• Other institutions were active as well — notably M&T Bank added about 2.75 million shares (bringing its stake to 2,756,598 shares, ~$103 million) — and institutional investors now own about 94.22% of KRC.
• Kilroy pays a $0.54 quarterly dividend (annualized $2.16, ~6.4% yield) but has a high payout ratio (118.68%); it missed the latest quarter (EPS -$0.16 vs. $0.14) and carries a MarketBeat consensus "Hold" rating with a $37.77 target.

Wolverine Asset Management LLC purchased a new stake in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 136,346 shares of the real estate investment trust's stock, valued at approximately $5,095,000. Wolverine Asset Management LLC owned 0.12% of Kilroy Realty at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. State Street Corp increased its holdings in Kilroy Realty by 1.2% during the 2nd quarter. State Street Corp now owns 5,841,917 shares of the real estate investment trust's stock valued at $203,514,000 after purchasing an additional 67,546 shares during the period. Daiwa Securities Group Inc. increased its holdings in Kilroy Realty by 0.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 3,578,185 shares of the real estate investment trust's stock valued at $151,178,000 after purchasing an additional 15,193 shares during the period. Northern Trust Corp increased its holdings in Kilroy Realty by 3.8% during the 3rd quarter. Northern Trust Corp now owns 3,149,816 shares of the real estate investment trust's stock valued at $133,080,000 after purchasing an additional 115,047 shares during the period. M&T Bank Corp increased its holdings in Kilroy Realty by 34,820.2% during the 4th quarter. M&T Bank Corp now owns 2,756,598 shares of the real estate investment trust's stock valued at $103,014,000 after purchasing an additional 2,748,704 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Kilroy Realty by 0.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,639,596 shares of the real estate investment trust's stock valued at $69,274,000 after purchasing an additional 13,864 shares during the period. Hedge funds and other institutional investors own 94.22% of the company's stock.

Wall Street Analyst Weigh In

KRC has been the topic of a number of research analyst reports. BMO Capital Markets restated a "market perform" rating on shares of Kilroy Realty in a report on Wednesday, January 7th. Citigroup reduced their target price on Kilroy Realty from $42.00 to $34.00 and set a "neutral" rating on the stock in a report on Thursday, February 12th. Mizuho set a $29.00 target price on Kilroy Realty and gave the stock an "underperform" rating in a report on Tuesday, February 24th. Scotiabank reduced their target price on Kilroy Realty from $42.00 to $37.00 and set a "sector perform" rating on the stock in a report on Monday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $35.00 target price on shares of Kilroy Realty in a report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $37.77.

Kilroy Realty Price Performance

KRC stock opened at $33.67 on Monday. The firm has a 50 day moving average price of $29.94 and a 200-day moving average price of $35.65. Kilroy Realty Corporation has a 52-week low of $27.36 and a 52-week high of $45.03. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 18.50 and a beta of 1.14. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.09 and a current ratio of 2.09.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its quarterly earnings results on Monday, April 27th. The real estate investment trust reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.30). Kilroy Realty had a return on equity of 3.89% and a net margin of 19.59%.The company had revenue of $270.05 million during the quarter, compared to analysts' expectations of $263.08 million. During the same quarter in the previous year, the company earned $1.02 EPS. The business's quarterly revenue was down .3% on a year-over-year basis. Kilroy Realty has set its FY 2026 guidance at 3.490-3.630 EPS. Equities research analysts forecast that Kilroy Realty Corporation will post 3.56 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Tuesday, March 31st were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend was Tuesday, March 31st. Kilroy Realty's dividend payout ratio is currently 118.68%.

About Kilroy Realty

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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