Legal & General Group Plc Acquires 56,649 Shares of Kilroy Realty Corporation $KRC

Legal & General Group Plc boosted its holdings in Kilroy Realty Corporation (NYSE:KRC) by 7.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 779,026 shares of the real estate investment trust’s stock after buying an additional 56,649 shares during the quarter. Legal & General Group Plc’s holdings in Kilroy Realty were worth $29,112,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Caprock Group LLC bought a new position in Kilroy Realty in the 3rd quarter worth about $1,741,000. Nan Fung Trinity HK Ltd. purchased a new position in shares of Kilroy Realty in the 3rd quarter worth about $3,270,000. Allianz Asset Management GmbH boosted its holdings in shares of Kilroy Realty by 134.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 141,806 shares of the real estate investment trust’s stock worth $5,991,000 after purchasing an additional 81,292 shares in the last quarter. Vestcor Inc purchased a new position in shares of Kilroy Realty in the 3rd quarter worth about $1,704,000. Finally, Principal Financial Group Inc. boosted its holdings in shares of Kilroy Realty by 23.5% in the 4th quarter. Principal Financial Group Inc. now owns 5,228,666 shares of the real estate investment trust’s stock worth $195,396,000 after purchasing an additional 994,299 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on KRC shares. Evercore set a $38.00 price objective on Kilroy Realty in a report on Tuesday, April 28th. Wells Fargo & Company upgraded Kilroy Realty from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 25th. JPMorgan Chase & Co. cut their price objective on Kilroy Realty from $44.00 to $39.00 and set a “neutral” rating for the company in a report on Monday, April 13th. Weiss Ratings cut Kilroy Realty from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 1st. Finally, Barclays cut their price objective on Kilroy Realty from $39.00 to $31.00 and set an “equal weight” rating for the company in a report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $37.69.

Insiders Place Their Bets

In related news, insider Lauren N. Stadler sold 3,000 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $34.65, for a total transaction of $103,950.00. Following the completion of the sale, the insider directly owned 15,456 shares in the company, valued at $535,550.40. This represents a 16.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.83% of the stock is owned by corporate insiders.

Kilroy Realty Trading Down 0.4%

Shares of KRC stock opened at $34.22 on Friday. The stock has a market capitalization of $3.98 billion, a PE ratio of 18.80 and a beta of 1.14. Kilroy Realty Corporation has a 1-year low of $27.36 and a 1-year high of $45.03. The business has a 50-day moving average of $31.56 and a 200 day moving average of $34.74. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.09 and a quick ratio of 2.09.

Kilroy Realty (NYSE:KRC) last issued its earnings results on Monday, April 27th. The real estate investment trust reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.30). The company had revenue of $270.05 million for the quarter, compared to analysts’ expectations of $263.08 million. Kilroy Realty had a net margin of 19.59% and a return on equity of 3.89%. The company’s revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.02 earnings per share. Kilroy Realty has set its FY 2026 guidance at 3.490-3.630 EPS. As a group, sell-side analysts anticipate that Kilroy Realty Corporation will post 3.57 earnings per share for the current year.

Kilroy Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.54 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.16 annualized dividend and a yield of 6.3%. Kilroy Realty’s dividend payout ratio is currently 118.68%.

Kilroy Realty Company Profile

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.