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

HF Advisory Group LLC purchased a new position in shares of Kilroy Realty Co. (NYSE:KRC - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,058 shares of the real estate investment trust's stock, valued at approximately $1,086,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Janus Henderson Group PLC increased its stake in Kilroy Realty by 2,767.7% during the 1st quarter. Janus Henderson Group PLC now owns 1,648,027 shares of the real estate investment trust's stock worth $59,991,000 after buying an additional 1,590,558 shares during the period. PGGM Investments increased its position in shares of Kilroy Realty by 85.0% during the second quarter. PGGM Investments now owns 3,015,046 shares of the real estate investment trust's stock worth $93,979,000 after acquiring an additional 1,385,692 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Kilroy Realty by 18.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,162,748 shares of the real estate investment trust's stock valued at $115,220,000 after acquiring an additional 487,556 shares in the last quarter. Sei Investments Co. boosted its holdings in Kilroy Realty by 139.4% in the first quarter. Sei Investments Co. now owns 693,552 shares of the real estate investment trust's stock valued at $25,266,000 after purchasing an additional 403,807 shares during the period. Finally, BROOKFIELD Corp ON acquired a new position in Kilroy Realty during the 1st quarter worth $13,179,000. 94.22% of the stock is currently owned by hedge funds and other institutional investors.

Kilroy Realty Stock Up 2.0 %

NYSE:KRC traded up $0.81 during midday trading on Wednesday, hitting $40.41. 1,507,165 shares of the company were exchanged, compared to its average volume of 1,214,249. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.89. Kilroy Realty Co. has a fifty-two week low of $27.39 and a fifty-two week high of $43.78. The company has a market capitalization of $4.77 billion, a PE ratio of 24.20 and a beta of 1.03. The company has a fifty day simple moving average of $38.74 and a 200 day simple moving average of $35.38.

Kilroy Realty (NYSE:KRC - Get Free Report) last announced its earnings results on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.04 by ($0.60). The firm had revenue of $289.94 million during the quarter, compared to analyst estimates of $275.77 million. Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. The firm's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the company earned $1.12 earnings per share. As a group, equities analysts anticipate that Kilroy Realty Co. will post 4.41 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.16 dividend on an annualized basis and a yield of 5.35%. Kilroy Realty's payout ratio is 129.34%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on KRC. Evercore ISI increased their price target on Kilroy Realty from $40.00 to $41.00 and gave the company an "in-line" rating in a research report on Wednesday, October 30th. Scotiabank reduced their target price on shares of Kilroy Realty from $41.00 to $38.00 and set a "sector perform" rating on the stock in a report on Wednesday, August 7th. Barclays increased their price objective on shares of Kilroy Realty from $38.00 to $44.00 and gave the company an "equal weight" rating in a research report on Monday, October 28th. Finally, Wells Fargo & Company lowered their target price on shares of Kilroy Realty from $39.00 to $38.00 and set an "overweight" rating for the company in a research note on Wednesday, September 11th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Kilroy Realty presently has a consensus rating of "Hold" and a consensus target price of $39.43.

Insider Transactions at Kilroy Realty

In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 3,000 shares of the business's stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $39.14, for a total value of $117,420.00. Following the transaction, the chief accounting officer now directly owns 26,401 shares of the company's stock, valued at approximately $1,033,335.14. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP John Osmond sold 2,628 shares of the company's stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total transaction of $105,120.00. Following the transaction, the executive vice president now owns 8,818 shares of the company's stock, valued at $352,720. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of the firm's stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $39.14, for a total value of $117,420.00. Following the completion of the sale, the chief accounting officer now directly owns 26,401 shares of the company's stock, valued at approximately $1,033,335.14. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.49% of the company's stock.

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.