The Manufacturers Life Insurance Company Acquires New Position in Kilroy Realty Corporation $KRC

The Manufacturers Life Insurance Company acquired a new stake in Kilroy Realty Corporation (NYSE:KRC) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 76,538 shares of the real estate investment trust’s stock, valued at approximately $2,868,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Kilroy Realty during the 2nd quarter worth approximately $581,003,000. Norges Bank acquired a new stake in shares of Kilroy Realty in the 4th quarter valued at approximately $340,131,000. Rush Island Management LP boosted its stake in shares of Kilroy Realty by 84.5% in the first quarter. Rush Island Management LP now owns 4,860,742 shares of the real estate investment trust’s stock valued at $137,122,000 after buying an additional 2,226,821 shares in the last quarter. Morgan Stanley boosted its stake in shares of Kilroy Realty by 231.5% in the fourth quarter. Morgan Stanley now owns 2,643,973 shares of the real estate investment trust’s stock valued at $98,805,000 after buying an additional 1,846,325 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new position in Kilroy Realty during the third quarter worth $58,948,000. Institutional investors and hedge funds own 94.22% of the company’s stock.

Kilroy Realty Price Performance

KRC stock opened at $36.24 on Wednesday. The stock’s 50 day moving average price is $38.08 and its 200 day moving average price is $34.32. The firm has a market cap of $4.22 billion, a P/E ratio of 25.52 and a beta of 1.11. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.65 and a current ratio of 2.65. Kilroy Realty Corporation has a 1 year low of $27.36 and a 1 year high of $45.03.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.73). Kilroy Realty had a return on equity of 3.04% and a net margin of 15.47%.The company had revenue of $272.37 million for the quarter, compared to analysts’ expectations of $267.39 million. During the same period in the previous year, the business posted $1.13 EPS. The business’s quarterly revenue was down 6.0% on a year-over-year basis. Kilroy Realty has set its FY 2026 guidance at 3.490-3.630 EPS. On average, sell-side analysts expect that Kilroy Realty Corporation will post 3.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on KRC. Citigroup increased their price objective on Kilroy Realty from $34.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Weiss Ratings raised shares of Kilroy Realty from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $33.00 price target on shares of Kilroy Realty in a report on Tuesday, May 12th. Scotiabank raised their price objective on shares of Kilroy Realty from $38.00 to $41.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 21st. Finally, Mizuho boosted their price objective on shares of Kilroy Realty from $29.00 to $34.00 and gave the stock an “underperform” rating in a report on Tuesday, July 21st. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $39.47.

Insider Transactions at Kilroy Realty

In related news, Director Jolie A. Hunt sold 15,800 shares of the business’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $37.79, for a total value of $597,082.00. Following the completion of the transaction, the director owned 13,892 shares of the company’s stock, valued at approximately $524,978.68. The trade was a 53.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Justin William Smart sold 10,848 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $38.71, for a total transaction of $419,926.08. Following the completion of the transaction, the president directly owned 519,872 shares of the company’s stock, valued at $20,124,245.12. The trade was a 2.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.83% of the company’s stock.

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.