Infrastructure Capital Advisors LLC purchased a new position in shares of Kilroy Realty Corporation (NYSE:KRC – Free Report) during the second quarter, Holdings Channel reports. The institutional investor purchased 33,878 shares of the real estate investment trust’s stock, valued at approximately $1,269,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings in shares of Kilroy Realty by 23.5% in the 4th quarter. Principal Financial Group Inc. now owns 5,228,666 shares of the real estate investment trust’s stock worth $195,396,000 after buying an additional 994,299 shares during the last quarter. Nan Fung Trinity HK Ltd. raised its position in Kilroy Realty by 172.4% in the fourth quarter. Nan Fung Trinity HK Ltd. now owns 210,800 shares of the real estate investment trust’s stock worth $7,878,000 after acquiring an additional 133,400 shares during the period. Situational Awareness LP bought a new stake in Kilroy Realty in the fourth quarter worth about $49,616,000. Hsbc Holdings PLC raised its position in Kilroy Realty by 29.1% in the first quarter. Hsbc Holdings PLC now owns 258,707 shares of the real estate investment trust’s stock worth $7,303,000 after acquiring an additional 58,337 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in Kilroy Realty in the second quarter valued at about $1,568,000. Hedge funds and other institutional investors own 94.22% of the company’s stock.
Kilroy Realty Stock Performance
Shares of KRC stock opened at $36.52 on Monday. The stock has a market capitalization of $4.25 billion, a P/E ratio of 25.72 and a beta of 1.11. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 0.83. The firm’s 50 day moving average is $38.16 and its 200 day moving average is $34.19. Kilroy Realty Corporation has a 12 month low of $27.36 and a 12 month high of $45.03.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on KRC shares. Citigroup increased their target price on shares of Kilroy Realty from $34.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Wall Street Zen upgraded Kilroy Realty from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. UBS Group set a $44.00 price objective on Kilroy Realty in a report on Tuesday, June 16th. Evercore raised Kilroy Realty from an “in-line” rating to an “outperform” rating and set a $42.00 target price for the company in a research report on Monday, June 8th. Finally, JPMorgan Chase & Co. dropped their price target on Kilroy Realty from $40.00 to $39.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 21st. 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $39.13.
Read Our Latest Stock Report on KRC
Insider Buying and Selling at Kilroy Realty
In other news, Director Jolie A. Hunt sold 15,800 shares of the firm’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $37.79, for a total value of $597,082.00. Following the completion of the transaction, the director directly owned 13,892 shares of the company’s stock, valued at $524,978.68. This trade represents a 53.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Justin William Smart sold 10,848 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $38.71, for a total value of $419,926.08. Following the completion of the transaction, the president directly owned 519,872 shares of the company’s stock, valued at $20,124,245.12. The trade was a 2.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.83% of the company’s stock.
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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