Franklin Resources Inc. Cuts Stake in Kilroy Realty Corporation $KRC

Franklin Resources Inc. cut its holdings in shares of Kilroy Realty Corporation (NYSE:KRC) by 4.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 158,997 shares of the real estate investment trust’s stock after selling 6,587 shares during the period. Franklin Resources Inc. owned 0.13% of Kilroy Realty worth $5,455,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Legal & General Group Plc increased its position in Kilroy Realty by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 791,906 shares of the real estate investment trust’s stock valued at $27,170,000 after buying an additional 12,262 shares in the last quarter. EMC Capital Management acquired a new position in shares of Kilroy Realty during the second quarter valued at about $110,000. Greenland Capital Management LP acquired a new position in shares of Kilroy Realty during the second quarter valued at about $3,539,000. Inspire Advisors LLC purchased a new position in shares of Kilroy Realty in the 2nd quarter valued at approximately $216,000. Finally, Nomura Asset Management Co. Ltd. boosted its stake in Kilroy Realty by 0.6% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 151,960 shares of the real estate investment trust’s stock worth $5,214,000 after purchasing an additional 900 shares in the last quarter. Institutional investors and hedge funds own 94.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Jefferies Financial Group upgraded shares of Kilroy Realty from a “hold” rating to a “buy” rating and upped their price target for the company from $33.00 to $45.00 in a research note on Monday, October 13th. Zacks Research raised Kilroy Realty to a “hold” rating in a research report on Friday, August 8th. Royal Bank Of Canada raised their target price on Kilroy Realty from $39.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 7th. Wells Fargo & Company boosted their price target on Kilroy Realty from $40.00 to $41.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 25th. Finally, The Goldman Sachs Group restated a “sell” rating and issued a $33.00 price objective on shares of Kilroy Realty in a research note on Thursday, August 21st. Three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $42.00.

Kilroy Realty Price Performance

Shares of KRC opened at $42.89 on Monday. The business’s 50-day moving average is $41.82 and its two-hundred day moving average is $38.77. The company has a market capitalization of $5.07 billion, a P/E ratio of 15.83 and a beta of 1.22. Kilroy Realty Corporation has a fifty-two week low of $27.07 and a fifty-two week high of $45.03. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.35 and a current ratio of 2.56.

Kilroy Realty (NYSE:KRC) last issued its 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 firm had revenue of $279.74 million for the quarter, compared to the consensus estimate of $271.24 million. Kilroy Realty had a return on equity of 5.75% and a net margin of 28.68%.The company’s revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.17 earnings per share. Kilroy Realty has set its FY 2025 guidance at 4.180-4.240 EPS. Research analysts predict that Kilroy Realty Corporation will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Wednesday, December 31st. Kilroy Realty’s payout ratio is 79.70%.

About Kilroy Realty

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.