Cohen & Steers Inc. Sells 5,573,396 Shares of Kilroy Realty Corporation $KRC

Cohen & Steers Inc. decreased its position in Kilroy Realty Corporation (NYSE:KRC) by 36.8% during the 4th quarter, Holdings Channel reports. The firm owned 9,571,519 shares of the real estate investment trust’s stock after selling 5,573,396 shares during the period. Cohen & Steers Inc. owned about 0.08% of Kilroy Realty worth $357,713,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wiser Advisor Group LLC purchased a new stake in Kilroy Realty in the third quarter worth $32,000. Caitong International Asset Management Co. Ltd purchased a new position in Kilroy Realty during the third quarter valued at $40,000. Smartleaf Asset Management LLC increased its holdings in shares of Kilroy Realty by 276.5% during the third quarter. Smartleaf Asset Management LLC now owns 979 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 719 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Kilroy Realty during the fourth quarter valued at $65,000. Finally, Horizon Investments LLC bought a new position in shares of Kilroy Realty during the fourth quarter valued at $65,000. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Kilroy Realty Trading Down 1.0%

Kilroy Realty stock opened at $38.33 on Friday. The business has a 50-day simple moving average of $33.27 and a two-hundred day simple moving average of $34.43. The company has a market cap of $4.46 billion, a P/E ratio of 21.06 and a beta of 1.14. Kilroy Realty Corporation has a 52-week low of $27.36 and a 52-week high of $45.03. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.84.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings results on Monday, April 27th. The real estate investment trust reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.30). The firm had revenue of $270.05 million for the quarter, compared to the consensus estimate 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 for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.02 earnings per share. Kilroy Realty has set its FY 2026 guidance at 3.490-3.630 EPS. Analysts predict that Kilroy Realty Corporation will post 3.57 EPS for the current year.

Kilroy Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date is Tuesday, June 30th. Kilroy Realty’s payout ratio is currently 118.68%.

Insider Transactions at Kilroy Realty

In other news, insider Lauren N. Stadler sold 3,000 shares of Kilroy Realty 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 transaction, the insider directly owned 15,456 shares of the company’s stock, valued at $535,550.40. The trade was a 16.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Justin William Smart sold 10,848 shares of Kilroy Realty stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $38.71, for a total value of $419,926.08. Following the transaction, the president directly owned 519,872 shares in the company, valued at approximately $20,124,245.12. The trade was a 2.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.83% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on KRC. Royal Bank Of Canada reduced their price target on Kilroy Realty from $46.00 to $40.00 and set an “outperform” rating for the company in a report on Monday, March 2nd. Evercore upgraded Kilroy Realty from an “in-line” rating to an “outperform” rating and set a $42.00 price target for the company in a report on Monday. Wells Fargo & Company raised their price target on Kilroy Realty from $31.00 to $33.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $33.00 target price on shares of Kilroy Realty in a research report on Tuesday, May 12th. Finally, Wall Street Zen cut shares of Kilroy Realty from a “hold” rating to a “sell” rating in a research note on Saturday, February 14th. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $37.38.

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.