Short Interest in Kilroy Realty Corporation (NYSE:KRC) Declines By 14.5%

Key Points

• Short interest fell 14.5% in April to 13,037,020 shares (11.4% of float) with a days-to-cover ratio of 4.6.
• Kilroy reported an EPS miss for the quarter (loss of $0.16 vs. $0.14 expected) while revenue of $270.05M slightly beat estimates, and the company set FY2026 guidance of 3.490–3.630 EPS (consensus ~3.56).
• The REIT pays a high dividend (quarterly $0.54, annualized yield 6.4%) but with a payout ratio of 118.68%; institutional ownership is ~94.2% and the consensus analyst rating is Hold with an average target of $37.77.

Kilroy Realty Corporation (NYSE:KRC - Get Free Report) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 13,037,020 shares, a decrease of 14.5% from the March 31st total of 15,252,177 shares. Based on an average daily trading volume, of 2,810,599 shares, the days-to-cover ratio is presently 4.6 days. Currently, 11.4% of the shares of the stock are short sold.

Kilroy Realty Price Performance

Shares of KRC stock traded up $0.41 during trading hours on Friday, hitting $33.67. The company's stock had a trading volume of 1,328,521 shares, compared to its average volume of 2,199,462. The business has a fifty day moving average of $29.94 and a 200-day moving average of $35.72. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 18.50 and a beta of 1.08. Kilroy Realty has a twelve month low of $27.36 and a twelve month high of $45.03. The company has a current ratio of 2.09, a quick ratio of 2.13 and a debt-to-equity ratio of 0.84.

Kilroy Realty (NYSE:KRC - Get Free Report) last announced its quarterly earnings data on Monday, April 27th. The real estate investment trust reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.30). Kilroy Realty had a net margin of 19.59% and a return on equity of 3.89%. The firm had revenue of $270.05 million for the quarter, compared to analysts' expectations of $263.08 million. During the same period in the previous year, the company posted $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. As a group, equities research analysts anticipate that Kilroy Realty will post 3.56 EPS for the current year.

Kilroy Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Tuesday, March 31st were given a dividend of $0.54 per share. The ex-dividend date was Tuesday, March 31st. This represents a $2.16 dividend on an annualized basis and a yield of 6.4%. Kilroy Realty's dividend payout ratio (DPR) is 118.68%.

Institutional Trading of Kilroy Realty

A number of hedge funds have recently bought and sold shares of the company. Westside Investment Management Inc. raised its stake in Kilroy Realty by 100.0% during the third quarter. Westside Investment Management Inc. now owns 618 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 309 shares during the period. Wiser Advisor Group LLC purchased a new position in Kilroy Realty during the third quarter worth approximately $32,000. Caitong International Asset Management Co. Ltd purchased a new position in Kilroy Realty during the third quarter worth approximately $40,000. Farther Finance Advisors LLC raised its stake in Kilroy Realty by 135.0% during the third quarter. Farther Finance Advisors LLC now owns 1,001 shares of the real estate investment trust's stock worth $42,000 after purchasing an additional 575 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in Kilroy Realty by 276.5% during the third quarter. Smartleaf Asset Management LLC now owns 979 shares of the real estate investment trust's stock worth $42,000 after purchasing an additional 719 shares during the period. Institutional investors and hedge funds own 94.22% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Royal Bank Of Canada lowered their target price on shares of Kilroy Realty from $46.00 to $40.00 and set an "outperform" rating on the stock in a research report on Monday, March 2nd. BMO Capital Markets restated a "market perform" rating on shares of Kilroy Realty in a research report on Wednesday, January 7th. Wells Fargo & Company upgraded shares of Kilroy Realty from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 25th. JPMorgan Chase & Co. lowered their target price on shares of Kilroy Realty from $44.00 to $39.00 and set a "neutral" rating on the stock in a research report on Monday, April 13th. Finally, Scotiabank lowered their price target on shares of Kilroy Realty from $42.00 to $37.00 and set a "sector perform" rating on the stock in a research report on Monday, March 2nd. One research 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 given a Sell rating to the stock. According to data from MarketBeat.com, Kilroy Realty presently has a consensus rating of "Hold" and an average target price of $37.77.

Kilroy Realty Company 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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