Greenland Capital Management LP Invests $3.54 Million in Kilroy Realty Corporation $KRC

Greenland Capital Management LP acquired a new stake in Kilroy Realty Corporation (NYSE:KRC) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 103,152 shares of the real estate investment trust’s stock, valued at approximately $3,539,000. Greenland Capital Management LP owned approximately 0.09% of Kilroy Realty at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of KRC. American National Bank & Trust acquired a new stake in Kilroy Realty in the second quarter valued at $25,000. Quaker Wealth Management LLC raised its position in Kilroy Realty by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 755 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 1,510 shares during the last quarter. Harbor Asset Planning Inc. purchased a new stake in shares of Kilroy Realty in the second quarter valued at about $34,000. UMB Bank n.a. grew its position in shares of Kilroy Realty by 46.0% in the second quarter. UMB Bank n.a. now owns 1,694 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 534 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its stake in shares of Kilroy Realty by 20,078.6% during the 2nd quarter. Hantz Financial Services Inc. now owns 2,825 shares of the real estate investment trust’s stock worth $97,000 after purchasing an additional 2,811 shares in the last quarter. 94.22% of the stock is currently owned by hedge funds and other institutional investors.

Kilroy Realty Stock Up 2.5%

KRC opened at $41.42 on Wednesday. The stock has a market capitalization of $4.90 billion, a price-to-earnings ratio of 15.28 and a beta of 1.22. Kilroy Realty Corporation has a 12 month low of $27.07 and a 12 month high of $45.03. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.56 and a quick ratio of 2.35. The business has a 50-day moving average of $42.05 and a two-hundred day moving average of $38.17.

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

Kilroy Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 31st will be issued a $0.54 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $2.16 annualized dividend and a yield of 5.2%. Kilroy Realty’s dividend payout ratio (DPR) is presently 79.70%.

Wall Street Analyst Weigh In

KRC has been the topic of a number of analyst reports. Wells Fargo & Company increased their target price on Kilroy Realty from $33.00 to $40.00 and gave the company an “equal weight” rating in a report on Wednesday, August 27th. Weiss Ratings upgraded Kilroy Realty from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Scotiabank upgraded shares of Kilroy Realty from a “sector underperform” rating to a “sector perform” rating and upped their target price for the company from $40.00 to $47.00 in a report on Wednesday, September 17th. The Goldman Sachs Group reiterated a “sell” rating and set a $33.00 price target on shares of Kilroy Realty in a report on Thursday, August 21st. Finally, Jefferies Financial Group raised shares of Kilroy Realty from a “hold” rating to a “buy” rating and upped their price objective for the company from $33.00 to $45.00 in a research note on Monday, October 13th. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Kilroy Realty has a consensus rating of “Hold” and an average target price of $41.92.

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.