Public Employees Retirement System of Ohio acquired a new position in shares of Kilroy Realty Corporation (NYSE:KRC – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 167,788 shares of the real estate investment trust’s stock, valued at approximately $6,287,000. Public Employees Retirement System of Ohio owned approximately 0.14% of Kilroy Realty as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC increased its holdings in Kilroy Realty by 2.8% during the 3rd quarter. Quadrant Capital Group LLC now owns 10,881 shares of the real estate investment trust’s stock worth $460,000 after purchasing an additional 295 shares in the last quarter. Parallel Advisors LLC boosted its position in Kilroy Realty by 9.6% during the 4th quarter. Parallel Advisors LLC now owns 3,650 shares of the real estate investment trust’s stock worth $136,000 after acquiring an additional 320 shares during the last quarter. NorthRock Partners LLC grew its stake in shares of Kilroy Realty by 4.0% during the 3rd quarter. NorthRock Partners LLC now owns 11,907 shares of the real estate investment trust’s stock worth $503,000 after acquiring an additional 460 shares in the last quarter. State of Michigan Retirement System raised its holdings in shares of Kilroy Realty by 1.9% in the first quarter. State of Michigan Retirement System now owns 26,265 shares of the real estate investment trust’s stock valued at $741,000 after purchasing an additional 500 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Kilroy Realty by 36.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,888 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 502 shares in the last quarter. 94.22% of the stock is owned by institutional investors and hedge funds.
Kilroy Realty Trading Down 0.2%
Shares of NYSE:KRC opened at $36.24 on Wednesday. Kilroy Realty Corporation has a 52-week low of $27.36 and a 52-week high of $45.03. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.65 and a current ratio of 2.65. The company has a market capitalization of $4.22 billion, a P/E ratio of 25.52 and a beta of 1.11. The company has a 50-day simple moving average of $38.08 and a 200 day simple moving average of $34.32.
Wall Street Analysts Forecast Growth
KRC has been the subject of a number of analyst reports. Bank of America raised shares of Kilroy Realty from a “neutral” rating to a “buy” rating and raised their target price for the company from $42.00 to $44.00 in a research report on Tuesday, June 16th. Scotiabank increased their price target 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. Barclays raised their price target on Kilroy Realty from $31.00 to $38.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. The Goldman Sachs Group upped their price objective on Kilroy Realty from $28.00 to $31.00 and gave the stock a “sell” rating in a research note on Wednesday, July 29th. Finally, Wall Street Zen raised Kilroy Realty from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. 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 stock. According to data from MarketBeat.com, Kilroy Realty has a consensus rating of “Hold” and a consensus target price of $39.47.
View Our Latest Stock Analysis on Kilroy Realty
Insider Activity at Kilroy Realty
In related news, President Justin William Smart sold 10,848 shares of the business’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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jolie A. Hunt sold 15,800 shares of the stock in a transaction 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 completion of the sale, the director owned 13,892 shares in the company, valued at approximately $524,978.68. This trade represents a 53.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.83% of the company’s stock.
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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