Penserra Capital Management LLC Purchases 6,551 Shares of Kilroy Realty Corporation $KRC

Penserra Capital Management LLC increased its position in shares of Kilroy Realty Corporation (NYSE:KRC) by 19.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,002 shares of the real estate investment trust’s stock after acquiring an additional 6,551 shares during the period. Penserra Capital Management LLC’s holdings in Kilroy Realty were worth $1,406,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Northern Trust Corp lifted its stake in Kilroy Realty by 39.5% during the first quarter. Northern Trust Corp now owns 2,923,836 shares of the real estate investment trust’s stock worth $95,785,000 after purchasing an additional 827,365 shares during the last quarter. Long Pond Capital LP acquired a new position in shares of Kilroy Realty during the 1st quarter worth $24,183,000. MetLife Investment Management LLC raised its holdings in shares of Kilroy Realty by 566.3% during the 1st quarter. MetLife Investment Management LLC now owns 421,050 shares of the real estate investment trust’s stock worth $13,794,000 after buying an additional 357,855 shares in the last quarter. Aberdeen Group plc lifted its position in shares of Kilroy Realty by 956.9% during the 2nd quarter. Aberdeen Group plc now owns 372,167 shares of the real estate investment trust’s stock worth $12,769,000 after buying an additional 336,953 shares during the last quarter. Finally, Strs Ohio acquired a new stake in Kilroy Realty in the first quarter valued at about $9,575,000. 94.22% of the stock is owned by institutional investors.

Kilroy Realty Trading Down 2.6%

NYSE KRC opened at $42.36 on Tuesday. The firm has a market capitalization of $5.01 billion, a PE ratio of 15.63 and a beta of 1.22. The business’s 50-day moving average price is $42.11 and its two-hundred day moving average price is $37.77. The company has a current ratio of 2.56, a quick ratio of 2.35 and a debt-to-equity ratio of 0.81. Kilroy Realty Corporation has a 12 month low of $27.07 and a 12 month high of $45.03.

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

Kilroy Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.54 per share. The ex-dividend date was Tuesday, September 30th. This represents a $2.16 annualized dividend and a dividend yield of 5.1%. Kilroy Realty’s dividend payout ratio is 79.70%.

Insiders Place Their Bets

In related news, CAO Merryl Elizabeth Werber sold 6,250 shares of the business’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $38.28, for a total value of $239,250.00. Following the transaction, the chief accounting officer owned 26,435 shares in the company, valued at $1,011,931.80. The trade was a 19.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.57% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on KRC shares. JPMorgan Chase & Co. reissued a “neutral” rating and set a $44.00 target price (down previously from $46.00) on shares of Kilroy Realty in a research note on Friday, October 17th. Mizuho decreased their price target on shares of Kilroy Realty from $43.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, July 14th. Royal Bank Of Canada increased their price objective 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. The Goldman Sachs Group reaffirmed a “sell” rating and set a $33.00 target price on shares of Kilroy Realty in a research note on Thursday, August 21st. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Kilroy Realty in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $41.17.

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.