Kilroy Realty Corporation $KRC Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lessened its holdings in Kilroy Realty Corporation (NYSE:KRC) by 9.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 172,074 shares of the real estate investment trust’s stock after selling 17,992 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Kilroy Realty were worth $4,854,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Principal Financial Group Inc. raised its holdings in shares of Kilroy Realty by 23.5% in the fourth quarter. Principal Financial Group Inc. now owns 5,228,666 shares of the real estate investment trust’s stock worth $195,396,000 after buying an additional 994,299 shares during the last quarter. Situational Awareness LP purchased a new position in Kilroy Realty in the 4th quarter worth $49,616,000. Nan Fung Trinity HK Ltd. lifted its position in Kilroy Realty by 172.4% during the 4th quarter. Nan Fung Trinity HK Ltd. now owns 210,800 shares of the real estate investment trust’s stock worth $7,878,000 after acquiring an additional 133,400 shares during the period. Ritholtz Wealth Management purchased a new stake in Kilroy Realty during the 4th quarter valued at about $671,000. Finally, Wolverine Asset Management LLC acquired a new position in shares of Kilroy Realty in the fourth quarter valued at about $5,095,000. Institutional investors and hedge funds own 94.22% of the company’s stock.

Insider Buying and Selling

In other news, President Justin William Smart sold 10,848 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $38.71, for a total transaction of $419,926.08. Following the completion of the transaction, the president directly owned 519,872 shares of the company’s stock, valued at $20,124,245.12. This represents a 2.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jolie A. Hunt sold 15,800 shares of the stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $37.79, for a total value of $597,082.00. Following the transaction, the director owned 13,892 shares in the company, valued at $524,978.68. This trade represents a 53.21% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 29,648 shares of company stock valued at $1,120,958. 0.83% of the stock is owned by company insiders.

Kilroy Realty Stock Performance

KRC opened at $39.38 on Thursday. The firm has a fifty day moving average price of $37.63 and a 200 day moving average price of $34.09. Kilroy Realty Corporation has a 1 year low of $27.36 and a 1 year high of $45.03. The stock has a market cap of $4.58 billion, a P/E ratio of 27.73 and a beta of 1.12. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.65 and a quick ratio of 2.09.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.73). Kilroy Realty had a net margin of 15.47% and a return on equity of 3.04%. The firm had revenue of $272.37 million during the quarter, compared to analysts’ expectations of $267.39 million. During the same period in the previous year, the firm posted $1.13 EPS. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. Kilroy Realty has set its FY 2026 guidance at 3.490-3.630 EPS. Equities research analysts anticipate that Kilroy Realty Corporation will post 3.58 earnings per share for the current year.

Kilroy Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Tuesday, June 30th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 5.5%. The ex-dividend date was Tuesday, June 30th. Kilroy Realty’s payout ratio is currently 152.11%.

Analysts Set New Price Targets

A number of brokerages recently commented on KRC. Scotiabank upped their target price on Kilroy Realty from $38.00 to $41.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 21st. Needham & Company LLC reiterated a “buy” rating on shares of Kilroy Realty in a research note on Monday, June 8th. UBS Group set a $44.00 target price on shares of Kilroy Realty in a report on Tuesday, June 16th. Bank of America upgraded shares of Kilroy Realty from a “neutral” rating to a “buy” rating and boosted their target price for the company from $42.00 to $44.00 in a research report on Tuesday, June 16th. Finally, Evercore raised Kilroy Realty from an “in-line” rating to an “outperform” rating and set a $42.00 price target on the stock in a research report on Monday, June 8th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Kilroy Realty currently has a consensus rating of “Hold” and an average price target of $38.73.

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.