Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Kilroy Realty Corporation (NYSE:KRC – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 92,147 shares of the real estate investment trust’s stock, valued at approximately $3,453,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.08% of Kilroy Realty at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Wiser Advisor Group LLC purchased a new position in shares of Kilroy Realty during the 3rd quarter worth approximately $32,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Kilroy Realty in the 3rd quarter valued at approximately $40,000. SJS Investment Consulting Inc. lifted its stake in shares of Kilroy Realty by 128.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,715 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 963 shares during the period. Elevation Wealth Partners LLC boosted its position in shares of Kilroy Realty by 205.4% during the second quarter. Elevation Wealth Partners LLC now owns 1,463 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 984 shares in the last quarter. Finally, Horizon Investments LLC bought a new stake in shares of Kilroy Realty during the fourth quarter valued at approximately $65,000. 94.22% of the stock is currently owned by hedge funds and other institutional investors.
Kilroy Realty Trading Down 0.7%
NYSE KRC opened at $36.52 on Friday. Kilroy Realty Corporation has a 12 month low of $27.36 and a 12 month high of $45.03. The stock has a market cap of $4.25 billion, a P/E ratio of 25.72 and a beta of 1.11. The stock’s fifty day moving average price is $38.16 and its 200-day moving average price is $34.19. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 0.83.
Insider Transactions at Kilroy Realty
In other Kilroy Realty news, President Justin William Smart sold 10,848 shares of Kilroy Realty stock in a transaction dated Tuesday, June 9th. The shares were 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 approximately $20,124,245.12. The trade was a 2.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jolie A. Hunt sold 15,800 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $37.79, for a total transaction of $597,082.00. Following the completion of the transaction, the director owned 13,892 shares in the company, valued at approximately $524,978.68. This represents a 53.21% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.83% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
KRC has been the subject of a number of research reports. Bank of America upgraded Kilroy Realty from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $42.00 to $44.00 in a report on Tuesday, June 16th. BMO Capital Markets boosted their target price on shares of Kilroy Realty from $34.00 to $38.00 and gave the company a “market perform” rating in a report on Monday, June 15th. Barclays upped their target price on shares of Kilroy Realty from $31.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $33.00 price target on shares of Kilroy Realty in a research note on Tuesday, May 12th. Finally, Wells Fargo & Company boosted their price objective on shares of Kilroy Realty from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $39.13.
View Our Latest Stock Report on KRC
About Kilroy Realty
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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