Simon Quick Advisors LLC Makes New $641,000 Investment in Kilroy Realty Corporation $KRC

Simon Quick Advisors LLC acquired a new position in shares of Kilroy Realty Corporation (NYSE:KRC) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 18,680 shares of the real estate investment trust’s stock, valued at approximately $641,000.

A number of other large investors also recently bought and sold shares of KRC. Northern Trust Corp raised its position in Kilroy Realty by 39.5% during the 1st quarter. Northern Trust Corp now owns 2,923,836 shares of the real estate investment trust’s stock worth $95,785,000 after buying an additional 827,365 shares during the last quarter. Long Pond Capital LP purchased a new position in Kilroy Realty during the 1st quarter worth $24,183,000. MetLife Investment Management LLC raised its position in Kilroy Realty by 566.3% during the 1st quarter. MetLife Investment Management LLC now owns 421,050 shares of the real estate investment trust’s stock worth $13,794,000 after buying an additional 357,855 shares during the last quarter. Aberdeen Group plc raised its position in Kilroy Realty by 956.9% during the 2nd quarter. Aberdeen Group plc now owns 372,167 shares of the real estate investment trust’s stock worth $12,769,000 after buying an additional 336,953 shares during the last quarter. Finally, Strs Ohio purchased a new position in Kilroy Realty during the 1st quarter worth $9,575,000. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Insider Transactions at Kilroy Realty

In related news, EVP Eliott Trencher sold 3,997 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $38.05, for a total value of $152,085.85. Following the sale, the executive vice president directly owned 43,826 shares of the company’s stock, valued at approximately $1,667,579.30. This represents a 8.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $38.28, for a total transaction of $239,250.00. Following the completion of the sale, the chief accounting officer directly owned 26,435 shares in the company, valued at approximately $1,011,931.80. The trade was a 19.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.57% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

KRC has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective on shares of Kilroy Realty from $33.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 27th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $33.00 price target on shares of Kilroy Realty in a research note on Thursday, August 21st. Jefferies Financial Group raised shares of Kilroy Realty from a “hold” rating to a “buy” rating and upped their price target for the stock from $33.00 to $45.00 in a research note on Monday, October 13th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $44.00 price target (down from $46.00) on shares of Kilroy Realty in a research note on Friday, October 17th. Finally, New Street Research set a $45.00 price target on shares of Kilroy Realty in a research note on Monday, October 13th. Two research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $41.17.

Kilroy Realty Price Performance

Shares of NYSE KRC opened at $42.30 on Friday. The stock has a market cap of $5.00 billion, a price-to-earnings ratio of 15.61 and a beta of 1.24. Kilroy Realty Corporation has a 52 week low of $27.07 and a 52 week high of $45.03. The company’s 50-day moving average price is $41.93 and its 200 day moving average price is $37.24. The company has a current ratio of 2.56, a quick ratio of 2.35 and a debt-to-equity ratio of 0.81.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. The firm had revenue of $279.74 million for the quarter, compared to analysts’ expectations of $271.24 million. Kilroy Realty had a net margin of 28.68% and a return on equity of 5.75%. The firm’s revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.17 EPS. Kilroy Realty has set its FY 2025 guidance at 4.180-4.240 EPS. As a group, research analysts forecast that Kilroy Realty Corporation will post 4 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Investors of record on Tuesday, September 30th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend was Tuesday, September 30th. Kilroy Realty’s dividend payout ratio is presently 79.70%.

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.