Squarepoint Ops LLC acquired a new stake in Kilroy Realty Corporation (NYSE:KRC – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 138,507 shares of the real estate investment trust’s stock, valued at approximately $5,190,000. Squarepoint Ops LLC owned approximately 0.12% of Kilroy Realty as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wiser Advisor Group LLC acquired a new position in shares of Kilroy Realty in the third quarter valued at approximately $32,000. Caitong International Asset Management Co. Ltd acquired a new stake in Kilroy Realty during the third quarter worth approximately $40,000. Elevation Wealth Partners LLC grew its stake in Kilroy Realty by 205.4% in the 2nd quarter. Elevation Wealth Partners LLC now owns 1,463 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 984 shares during the period. Nykredit A S purchased a new stake in Kilroy Realty in the 2nd quarter worth approximately $57,000. Finally, SJS Investment Consulting Inc. raised its holdings in Kilroy Realty by 128.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,715 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 963 shares during the last quarter. 94.22% of the stock is currently owned by hedge funds and other institutional investors.
Kilroy Realty Stock Performance
Shares of NYSE:KRC opened at $34.98 on Friday. The business has a 50-day moving average of $37.74 and a two-hundred day moving average of $34.55. The firm has a market capitalization of $4.07 billion, a PE ratio of 24.63 and a beta of 1.11. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.65 and a quick ratio of 2.65. Kilroy Realty Corporation has a 12 month low of $27.36 and a 12 month high of $45.03.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the company. Mizuho raised their price objective on Kilroy Realty from $29.00 to $34.00 and gave the stock an “underperform” rating in a report on Tuesday, July 21st. Scotiabank upped their target price on Kilroy Realty from $38.00 to $41.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 21st. Weiss Ratings raised Kilroy Realty from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 1st. 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, June 8th. Finally, The Goldman Sachs Group upped their price objective on shares of Kilroy Realty from $28.00 to $31.00 and gave the company a “sell” rating in a research note on Wednesday, July 29th. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Kilroy Realty has a consensus rating of “Hold” and a consensus price target of $39.47.
View Our Latest Report on Kilroy Realty
Insiders Place Their Bets
In other Kilroy Realty news, Director Jolie Hunt sold 15,800 shares of Kilroy Realty stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $37.79, for a total transaction of $597,082.00. Following the transaction, the director directly owned 13,892 shares of the company’s stock, valued at $524,978.68. The trade was a 53.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.83% of the stock is currently owned by company insiders.
About Kilroy Realty
Kilroy Realty Corporation (NYSE: KRC) is a real estate investment trust that owns, develops, acquires and manages office, life science and mixed-use properties. Its portfolio is concentrated in high-demand technology and innovation markets, with properties designed to serve businesses in sectors such as technology, media, entertainment and life sciences.
The company’s operations are primarily focused on coastal markets in the western United States, including the San Francisco Bay Area, Greater Los Angeles and San Diego, as well as the Pacific Northwest.
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