HF Advisory Group LLC Increases Position in Kilroy Realty Co. (NYSE:KRC)

HF Advisory Group LLC lifted its position in shares of Kilroy Realty Co. (NYSE:KRC) by 24.2% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 48,505 shares of the real estate investment trust’s stock after buying an additional 9,462 shares during the period. HF Advisory Group LLC’s holdings in Kilroy Realty were worth $1,589,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Summit Securities Group LLC acquired a new position in Kilroy Realty during the fourth quarter worth approximately $49,000. GF Fund Management CO. LTD. acquired a new position in Kilroy Realty during the fourth quarter worth approximately $82,000. FIL Ltd increased its position in Kilroy Realty by 52.4% during the fourth quarter. FIL Ltd now owns 3,442 shares of the real estate investment trust’s stock worth $139,000 after purchasing an additional 1,184 shares during the last quarter. Parallel Advisors LLC increased its position in Kilroy Realty by 7.8% during the first quarter. Parallel Advisors LLC now owns 5,539 shares of the real estate investment trust’s stock worth $181,000 after purchasing an additional 401 shares during the last quarter. Finally, KBC Group NV increased its position in Kilroy Realty by 54.2% during the fourth quarter. KBC Group NV now owns 4,819 shares of the real estate investment trust’s stock worth $195,000 after purchasing an additional 1,694 shares during the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Jefferies Financial Group assumed coverage on shares of Kilroy Realty in a research report on Monday, March 17th. They set a “hold” rating and a $34.00 price target for the company. KeyCorp dropped their price target on shares of Kilroy Realty from $45.00 to $41.00 and set an “overweight” rating for the company in a research report on Monday, March 31st. Royal Bank of Canada dropped 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 research report on Monday, March 10th. Evercore ISI dropped their price target on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $36.00 target price (down previously from $42.00) on shares of Kilroy Realty in a research note on Friday, March 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Kilroy Realty has an average rating of “Hold” and an average price target of $39.10.

Kilroy Realty Price Performance

KRC opened at $33.63 on Thursday. The company has a fifty day simple moving average of $31.65 and a 200 day simple moving average of $35.56. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of 19.00 and a beta of 1.16. Kilroy Realty Co. has a twelve month low of $27.07 and a twelve month high of $43.78. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.01). The company had revenue of $270.84 million for the quarter, compared to analyst estimates of $274.90 million. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. Kilroy Realty’s revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.11 earnings per share. Equities research analysts expect that Kilroy Realty Co. will post 4 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Monday, June 30th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.16 dividend on an annualized basis and a yield of 6.42%. Kilroy Realty’s dividend payout ratio is currently 128.57%.

Insiders Place Their Bets

In other news, EVP John Osmond sold 4,000 shares of Kilroy Realty stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $35.16, for a total transaction of $140,640.00. Following the sale, the executive vice president now owns 12,528 shares of the company’s stock, valued at approximately $440,484.48. The trade was a 24.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider A. Robert Paratte sold 6,000 shares of Kilroy Realty stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $34.74, for a total value of $208,440.00. Following the sale, the insider now directly owns 86,744 shares in the company, valued at approximately $3,013,486.56. This trade represents a 6.47% decrease in their position. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by corporate insiders.

Kilroy Realty Company 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.