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

HF Advisory Group LLC increased its position in Kilroy Realty Co. (NYSE:KRC) by 39.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,043 shares of the real estate investment trust’s stock after acquiring an additional 10,985 shares during the period. HF Advisory Group LLC’s holdings in Kilroy Realty were worth $1,579,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of KRC. Wilmington Savings Fund Society FSB acquired a new stake in Kilroy Realty in the third quarter valued at $34,000. UMB Bank n.a. grew its stake in Kilroy Realty by 126.5% in the 3rd quarter. UMB Bank n.a. now owns 967 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 540 shares during the last quarter. GAMMA Investing LLC increased its holdings in Kilroy Realty by 33.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 371 shares in the last quarter. Quarry LP purchased a new position in Kilroy Realty during the 2nd quarter valued at about $55,000. Finally, Versant Capital Management Inc raised its position in Kilroy Realty by 14.8% during the fourth quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust’s stock worth $105,000 after acquiring an additional 336 shares during the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Evercore ISI raised their price objective on shares of Kilroy Realty from $40.00 to $41.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Scotiabank downgraded Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price target for the company. in a research report on Thursday, November 14th. Jefferies Financial Group lowered Kilroy Realty from a “buy” rating to a “hold” rating and decreased their price objective for the company from $45.00 to $41.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. raised shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $45.00 to $49.00 in a research note on Friday, December 20th. Finally, Mizuho reaffirmed a “neutral” rating and set a $43.00 price target (down from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. One research 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. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $40.80.

Kilroy Realty Price Performance

KRC opened at $38.97 on Friday. Kilroy Realty Co. has a 1 year low of $30.71 and a 1 year high of $43.78. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.08 and a current ratio of 3.08. The company’s 50 day simple moving average is $40.03 and its 200 day simple moving average is $37.99. The stock has a market capitalization of $4.60 billion, a PE ratio of 23.33 and a beta of 1.02.

Kilroy Realty (NYSE:KRC) last issued its earnings results on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.60). Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. The firm had revenue of $289.94 million during the quarter, compared to analysts’ expectations of $275.77 million. During the same period last year, the business posted $1.12 earnings per share. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. As a group, sell-side analysts expect that Kilroy Realty Co. will post 4.42 EPS for the current year.

Kilroy Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 31st were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date of this dividend was Tuesday, December 31st. Kilroy Realty’s dividend payout ratio (DPR) is presently 129.34%.

Insider Activity at Kilroy Realty

In related news, insider Heidi Rena Roth sold 12,000 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total value of $507,360.00. Following the completion of the sale, the insider now directly owns 50,211 shares in the company, valued at approximately $2,122,921.08. This represents a 19.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.49% of the stock is currently owned by insiders.

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.