Prudential Financial Inc. Lowers Stake in Kilroy Realty Corporation $KRC

Prudential Financial Inc. lessened its holdings in Kilroy Realty Corporation (NYSE:KRC) by 98.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,850 shares of the real estate investment trust’s stock after selling 1,672,325 shares during the period. Prudential Financial Inc.’s holdings in Kilroy Realty were worth $921,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large 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 approximately $25,000. Quaker Wealth Management LLC lifted its position in shares of Kilroy Realty by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 755 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 1,510 shares in the last quarter. Harbor Asset Planning Inc. purchased a new position in shares of Kilroy Realty during the 2nd quarter valued at approximately $34,000. UMB Bank n.a. grew its stake in Kilroy Realty by 46.0% in the 2nd quarter. UMB Bank n.a. now owns 1,694 shares of the real estate investment trust’s stock valued at $58,000 after acquiring an additional 534 shares during the period. Finally, Hantz Financial Services Inc. increased its holdings in Kilroy Realty by 20,078.6% in the 2nd quarter. Hantz Financial Services Inc. now owns 2,825 shares of the real estate investment trust’s stock worth $97,000 after acquiring an additional 2,811 shares in the last quarter. Institutional investors and hedge funds own 94.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on KRC shares. BMO Capital Markets raised shares of Kilroy Realty from an “underperform” rating to a “market perform” rating and increased their price objective for the company from $40.00 to $44.00 in a report on Tuesday, November 18th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $33.00 price target on shares of Kilroy Realty in a research note on Thursday, August 21st. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $44.00 price objective (down from $46.00) on shares of Kilroy Realty in a report on Friday, October 17th. Weiss Ratings reissued a “buy (b-)” rating on shares of Kilroy Realty in a report on Monday, December 1st. Finally, Scotiabank raised Kilroy Realty from a “sector underperform” rating to a “sector perform” rating and lifted their price target for the stock from $40.00 to $47.00 in a research note on Wednesday, September 17th. Two equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $41.92.

Kilroy Realty Trading Down 0.1%

Shares of Kilroy Realty stock opened at $40.71 on Monday. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.56 and a quick ratio of 2.56. The stock’s 50 day simple moving average is $41.61 and its 200-day simple moving average is $39.08. The stock has a market cap of $4.82 billion, a P/E ratio of 15.02 and a beta of 1.07. Kilroy Realty Corporation has a 1-year low of $27.07 and a 1-year high of $45.03.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. The firm had revenue of $279.74 million for the quarter, compared to the consensus estimate of $271.24 million. Kilroy Realty had a return on equity of 5.75% and a net margin of 28.68%.The firm’s revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.17 earnings per share. Kilroy Realty has set its FY 2025 guidance at 4.180-4.240 EPS. Analysts predict that Kilroy Realty Corporation will post 4 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $2.16 annualized dividend and a dividend yield of 5.3%. Kilroy Realty’s payout ratio is presently 79.70%.

Kilroy Realty Profile

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.