PGGM Investments Reduces Stake in Kilroy Realty Corporation $KRC

PGGM Investments lessened its position in shares of Kilroy Realty Corporation (NYSE:KRC) by 20.0% in the third quarter, Holdings Channel reports. The fund owned 2,480,570 shares of the real estate investment trust’s stock after selling 619,823 shares during the quarter. Kilroy Realty comprises 1.7% of PGGM Investments’ investment portfolio, making the stock its 23rd biggest holding. PGGM Investments’ holdings in Kilroy Realty were worth $104,804,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of KRC. American National Bank & Trust purchased a new position in Kilroy Realty in the second quarter worth about $25,000. Quaker Wealth Management LLC lifted its stake in shares of Kilroy Realty by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 755 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 1,510 shares during the period. Harbor Asset Planning Inc. bought a new position in shares of Kilroy Realty in the 2nd quarter worth approximately $34,000. Farther Finance Advisors LLC boosted its holdings in shares of Kilroy Realty by 135.0% in the third quarter. Farther Finance Advisors LLC now owns 1,001 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 575 shares during the last quarter. Finally, True Wealth Design LLC grew its position in Kilroy Realty by 213.7% during the third quarter. True Wealth Design LLC now owns 1,010 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 688 shares during the period. Institutional investors own 94.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on KRC shares. Mizuho increased their price target on shares of Kilroy Realty from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. KeyCorp restated a “sector weight” rating on shares of Kilroy Realty in a research note on Thursday, December 4th. BMO Capital Markets reiterated a “market perform” rating on shares of Kilroy Realty in a research report on Wednesday, January 7th. New Street Research set a $45.00 price target on Kilroy Realty in a report on Monday, October 13th. Finally, Wells Fargo & Company raised their price objective on Kilroy Realty from $40.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 25th. One investment analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Kilroy Realty has a consensus rating of “Hold” and a consensus price target of $40.92.

Kilroy Realty Price Performance

Shares of Kilroy Realty stock opened at $38.23 on Friday. The company has a quick ratio of 2.56, a current ratio of 2.56 and a debt-to-equity ratio of 0.81. Kilroy Realty Corporation has a 52 week low of $27.07 and a 52 week high of $45.03. The stock’s 50-day simple moving average is $40.13 and its 200-day simple moving average is $39.99. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 14.11 and a beta of 1.10.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. The company had revenue of $279.74 million for the quarter, compared to analysts’ expectations of $271.24 million. Kilroy Realty had a return on equity of 5.75% and a net margin of 28.68%.The firm’s revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.17 EPS. Kilroy Realty has set its FY 2025 guidance at 4.180-4.240 EPS. As a group, analysts expect that Kilroy Realty Corporation will post 4 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Wednesday, December 31st were paid a dividend of $0.54 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.16 dividend on an annualized basis and a yield of 5.6%. Kilroy Realty’s dividend payout ratio is presently 79.70%.

Kilroy Realty 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.