Hsbc Holdings PLC Boosts Position in Kilroy Realty Co. (NYSE:KRC)

Hsbc Holdings PLC grew its position in Kilroy Realty Co. (NYSE:KRC) by 4.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,443 shares of the real estate investment trust’s stock after buying an additional 4,749 shares during the quarter. Hsbc Holdings PLC’s holdings in Kilroy Realty were worth $4,144,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in KRC. Wilmington Savings Fund Society FSB purchased a new position in Kilroy Realty during the 3rd quarter valued at about $34,000. Summit Securities Group LLC acquired a new stake in shares of Kilroy Realty in the fourth quarter valued at approximately $49,000. GAMMA Investing LLC increased its stake in shares of Kilroy Realty by 25.4% during the 4th quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust’s stock worth $75,000 after purchasing an additional 374 shares in the last quarter. Fifth Third Bancorp lifted its stake in Kilroy Realty by 31.7% in the 4th quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 607 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in Kilroy Realty by 14.8% during the 4th quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 336 shares during the last quarter. Institutional investors and hedge funds own 94.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on KRC. Wells Fargo & Company cut Kilroy Realty from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $43.00 to $35.00 in a report on Monday, March 10th. Barclays upgraded shares of Kilroy Realty from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $42.00 to $44.00 in a report on Thursday, February 27th. Royal Bank of Canada lowered their price target on shares of Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating for the company in a report on Monday, March 10th. JPMorgan Chase & Co. reduced their price objective on shares of Kilroy Realty from $49.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 2nd. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $36.00 target price (down from $42.00) on shares of Kilroy Realty in a research note on Friday, March 28th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $38.82.

Kilroy Realty Stock Down 2.8 %

Shares of KRC opened at $31.77 on Wednesday. The firm has a market cap of $3.76 billion, a PE ratio of 17.95 and a beta of 1.04. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.82. The company’s fifty day moving average is $32.64 and its two-hundred day moving average is $37.10. Kilroy Realty Co. has a fifty-two week low of $27.07 and a fifty-two week high of $43.78.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. Analysts forecast that Kilroy Realty Co. will post 4 earnings per share for the current year.

Kilroy Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st were given a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 6.80%. The ex-dividend date was Monday, March 31st. Kilroy Realty’s payout ratio is 122.03%.

Insider Activity

In related news, CEO Angela M. Aman purchased 2,797 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average price of $35.45 per share, for a total transaction of $99,153.65. Following the completion of the purchase, the chief executive officer now owns 2,797 shares in the company, valued at approximately $99,153.65. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John Osmond sold 4,000 shares of the stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $35.16, for a total transaction of $140,640.00. Following the transaction, the executive vice president now owns 12,528 shares in the company, valued at $440,484.48. This trade represents a 24.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.49% of the company’s stock.

Kilroy Realty Profile

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.