Amundi Increases Stock Position in Kilroy Realty Corporation $KRC

Amundi boosted its stake in shares of Kilroy Realty Corporation (NYSE:KRC) by 6.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,569 shares of the real estate investment trust’s stock after buying an additional 3,897 shares during the quarter. Amundi’s holdings in Kilroy Realty were worth $2,065,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Royal Bank of Canada boosted its stake in Kilroy Realty by 15.7% during the first quarter. Royal Bank of Canada now owns 59,424 shares of the real estate investment trust’s stock worth $1,947,000 after buying an additional 8,078 shares during the period. Vident Advisory LLC boosted its stake in Kilroy Realty by 277.3% during the first quarter. Vident Advisory LLC now owns 42,367 shares of the real estate investment trust’s stock worth $1,388,000 after buying an additional 31,137 shares during the period. Evergreen Capital Management LLC boosted its stake in shares of Kilroy Realty by 7.6% in the first quarter. Evergreen Capital Management LLC now owns 13,104 shares of the real estate investment trust’s stock valued at $436,000 after purchasing an additional 920 shares during the period. Long Pond Capital LP purchased a new position in shares of Kilroy Realty in the first quarter valued at approximately $24,183,000. Finally, MetLife Investment Management LLC boosted its stake in shares of Kilroy Realty by 566.3% in the first quarter. MetLife Investment Management LLC now owns 421,050 shares of the real estate investment trust’s stock valued at $13,794,000 after purchasing an additional 357,855 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 subject of several recent research reports. Mizuho lowered their price objective on shares of Kilroy Realty from $43.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, July 14th. The Goldman Sachs Group reissued a “sell” rating and issued a $33.00 price objective on shares of Kilroy Realty in a research note on Thursday, August 21st. BMO Capital Markets cut Kilroy Realty from a “market perform” rating to an “underperform” rating and set a $35.00 price objective on the stock. in a research note on Wednesday, July 16th. Wells Fargo & Company increased their price objective on Kilroy Realty from $33.00 to $40.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 27th. Finally, Royal Bank Of Canada increased their price objective on Kilroy Realty from $39.00 to $40.00 and gave the company a “sector perform” rating in a research note on Thursday, August 7th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $38.82.

Insider Activity

In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 6,250 shares of the firm’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $38.28, for a total transaction of $239,250.00. Following the transaction, the chief accounting officer owned 26,435 shares of the company’s stock, valued at approximately $1,011,931.80. This trade represents a 19.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Eliott Trencher sold 3,997 shares of Kilroy Realty stock in a transaction on Friday, August 8th. The shares were sold at an average price of $38.05, for a total transaction of $152,085.85. Following the completion of the transaction, the executive vice president directly owned 43,826 shares in the company, valued at $1,667,579.30. The trade was a 8.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.57% of the company’s stock.

Kilroy Realty Stock Performance

Shares of KRC stock opened at $43.02 on Friday. The stock’s 50-day moving average is $38.60 and its two-hundred day moving average is $34.93. The firm has a market cap of $5.09 billion, a price-to-earnings ratio of 23.38 and a beta of 1.26. Kilroy Realty Corporation has a 1 year low of $27.07 and a 1 year high of $43.78. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.35 and a current ratio of 2.35.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.12. The company had revenue of $289.89 million for the quarter, compared to analyst estimates of $268.84 million. Kilroy Realty had a return on equity of 3.92% and a net margin of 19.29%.The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.10 earnings per share. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. Analysts predict that Kilroy Realty Corporation will post 4 earnings per share for the current year.

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.