Aew Capital Management L P Sells 49,000 Shares of Kilroy Realty Corporation $KRC

Aew Capital Management L P decreased its holdings in shares of Kilroy Realty Corporation (NYSE:KRC) by 8.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 520,199 shares of the real estate investment trust’s stock after selling 49,000 shares during the period. Aew Capital Management L P’s holdings in Kilroy Realty were worth $17,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Allworth Financial LP grew its position in shares of Kilroy Realty by 192.1% during the 1st quarter. Allworth Financial LP now owns 964 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 634 shares during the period. GF Fund Management CO. LTD. purchased a new position in shares of Kilroy Realty during the 4th quarter valued at $82,000. PNC Financial Services Group Inc. lifted its stake in shares of Kilroy Realty by 22.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,346 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 614 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in shares of Kilroy Realty by 3,410.7% during the 1st quarter. Meeder Asset Management Inc. now owns 3,932 shares of the real estate investment trust’s stock valued at $129,000 after buying an additional 3,820 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of Kilroy Realty by 70.4% during the 1st quarter. Fifth Third Bancorp now owns 4,298 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 1,775 shares in the last quarter. Institutional investors own 94.22% of the company’s stock.

Kilroy Realty Stock Up 3.3%

Shares of KRC stock opened at $40.1520 on Friday. The company’s fifty day simple moving average is $36.69 and its two-hundred day simple moving average is $34.30. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.82. The stock has a market cap of $4.75 billion, a P/E ratio of 21.82 and a beta of 1.22. Kilroy Realty Corporation has a 52 week low of $27.07 and a 52 week high of $43.78.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on KRC shares. Scotiabank lowered their target price on shares of Kilroy Realty from $38.00 to $37.00 and set a “sector underperform” rating on the stock in a research note on Monday, July 14th. Evercore ISI lowered their target price on shares of Kilroy Realty from $43.00 to $42.00 and set an “in-line” rating on the stock in a research note on Monday. Zacks Research upgraded shares of Kilroy Realty to a “hold” rating in a research note on Friday, August 8th. BMO Capital Markets cut shares of Kilroy Realty from a “market perform” rating to an “underperform” rating and set a $35.00 target price on the stock. in a research note on Wednesday, July 16th. Finally, Royal Bank Of Canada lifted their target price on shares of Kilroy Realty from $39.00 to $40.00 and gave the company a “sector perform” rating in a research note on Thursday, August 7th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Kilroy Realty has a consensus rating of “Hold” and an average target price of $37.64.

Insider Activity

In other news, EVP Eliott Trencher sold 3,997 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $38.05, for a total transaction of $152,085.85. Following the sale, the executive vice president directly owned 43,826 shares in the company, valued at approximately $1,667,579.30. This represents a 8.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of the company’s 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 sale, the chief accounting officer owned 26,435 shares in the company, valued at $1,011,931.80. This represents a 19.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by corporate insiders.

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.