Inspire Investing LLC Acquires 1,632 Shares of Kilroy Realty Co. (NYSE:KRC)

Inspire Investing LLC boosted its stake in shares of Kilroy Realty Co. (NYSE:KRC) by 14.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,775 shares of the real estate investment trust’s stock after acquiring an additional 1,632 shares during the quarter. Inspire Investing LLC’s holdings in Kilroy Realty were worth $398,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KRC. Janus Henderson Group PLC raised its position in shares of Kilroy Realty by 2,767.7% during the first quarter. Janus Henderson Group PLC now owns 1,648,027 shares of the real estate investment trust’s stock worth $59,991,000 after acquiring an additional 1,590,558 shares during the last quarter. PGGM Investments raised its holdings in Kilroy Realty by 85.0% during the 2nd quarter. PGGM Investments now owns 3,015,046 shares of the real estate investment trust’s stock worth $93,979,000 after purchasing an additional 1,385,692 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Kilroy Realty by 18.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,162,748 shares of the real estate investment trust’s stock valued at $115,220,000 after purchasing an additional 487,556 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Kilroy Realty by 139.4% in the 1st quarter. Sei Investments Co. now owns 693,552 shares of the real estate investment trust’s stock valued at $25,266,000 after purchasing an additional 403,807 shares during the last quarter. Finally, BROOKFIELD Corp ON acquired a new stake in shares of Kilroy Realty during the 1st quarter worth approximately $13,179,000. Institutional investors and hedge funds own 94.22% of the company’s stock.

Kilroy Realty Price Performance

KRC stock opened at $39.99 on Friday. The stock has a 50-day moving average price of $35.42 and a two-hundred day moving average price of $34.24. Kilroy Realty Co. has a 1 year low of $26.78 and a 1 year high of $43.37. The stock has a market cap of $4.69 billion, a PE ratio of 22.98 and a beta of 1.04. The company has a current ratio of 3.61, a quick ratio of 3.61 and a debt-to-equity ratio of 0.91.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.67). The firm had revenue of $280.73 million for the quarter, compared to the consensus estimate of $276.81 million. Kilroy Realty had a return on equity of 3.52% and a net margin of 17.91%. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.19 earnings per share. Equities analysts forecast that Kilroy Realty Co. will post 4.25 EPS for the current fiscal year.

Kilroy Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Monday, September 30th will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 5.40%. The ex-dividend date is Monday, September 30th. Kilroy Realty’s payout ratio is 124.14%.

Analyst Ratings Changes

A number of brokerages have issued reports on KRC. Wells Fargo & Company reduced their price objective on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 11th. KeyCorp decreased their price objective on Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating for the company in a research note on Tuesday, July 2nd. Scotiabank cut their target price on Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. Evercore ISI boosted their target price on Kilroy Realty from $38.00 to $40.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Kilroy Realty from $40.00 to $34.00 and set a “hold” rating on the stock in a research report on Thursday, May 30th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Kilroy Realty has an average rating of “Hold” and a consensus price target of $38.40.

Insider Activity at Kilroy Realty

In other Kilroy Realty news, EVP John Osmond sold 2,628 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total transaction of $105,120.00. Following the sale, the executive vice president now directly owns 8,818 shares of the company’s stock, valued at approximately $352,720. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CAO Merryl Elizabeth Werber sold 3,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $39.14, for a total transaction of $117,420.00. Following the transaction, the chief accounting officer now directly owns 26,401 shares in the company, valued at $1,033,335.14. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP John Osmond sold 2,628 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total transaction of $105,120.00. Following the completion of the sale, the executive vice president now owns 8,818 shares of the company’s stock, valued at approximately $352,720. The disclosure for this sale can be found here. 2.49% of the stock is owned by insiders.

Kilroy Realty Company 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.