Hsbc Holdings PLC Has $4.52 Million Stock Position in Kilroy Realty Co. (NYSE:KRC)

Hsbc Holdings PLC boosted its position in Kilroy Realty Co. (NYSE:KRC - Free Report) by 54.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,397 shares of the real estate investment trust's stock after buying an additional 51,387 shares during the quarter. Hsbc Holdings PLC owned 0.12% of Kilroy Realty worth $4,516,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Centersquare Investment Management LLC boosted its holdings in Kilroy Realty by 1.0% in the first quarter. Centersquare Investment Management LLC now owns 2,598,144 shares of the real estate investment trust's stock valued at $87,817,000 after purchasing an additional 24,855 shares during the last quarter. Sei Investments Co. grew its position in shares of Kilroy Realty by 139.4% during the first quarter. Sei Investments Co. now owns 693,552 shares of the real estate investment trust's stock worth $25,266,000 after buying an additional 403,807 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Kilroy Realty by 33.8% in the first quarter. Russell Investments Group Ltd. now owns 134,103 shares of the real estate investment trust's stock worth $4,885,000 after buying an additional 33,857 shares during the last quarter. APG Asset Management US Inc. raised its holdings in Kilroy Realty by 5.0% in the fourth quarter. APG Asset Management US Inc. now owns 5,380,747 shares of the real estate investment trust's stock valued at $214,369,000 after acquiring an additional 255,835 shares in the last quarter. Finally, PGGM Investments raised its holdings in Kilroy Realty by 85.0% in the second quarter. PGGM Investments now owns 3,015,046 shares of the real estate investment trust's stock valued at $93,979,000 after acquiring an additional 1,385,692 shares in the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

KRC has been the subject of several research analyst reports. KeyCorp dropped their target price on shares of Kilroy Realty from $45.00 to $42.00 and set an "overweight" rating for the company in a research report on Tuesday, July 2nd. Wells Fargo & Company reduced their target price on Kilroy Realty from $39.00 to $38.00 and set an "overweight" rating on the stock in a report on Wednesday, September 11th. Scotiabank lowered their price target on Kilroy Realty from $41.00 to $38.00 and set a "sector perform" rating for the company in a report on Wednesday, August 7th. Evercore ISI lifted their price objective on shares of Kilroy Realty from $38.00 to $40.00 and gave the stock an "in-line" rating in a report on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Kilroy Realty from $40.00 to $34.00 and set a "hold" rating on the stock in a report on Thursday, May 30th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Kilroy Realty has an average rating of "Hold" and a consensus price target of $38.40.

Kilroy Realty Stock Performance

Shares of KRC stock traded down $0.72 during trading hours on Wednesday, reaching $38.99. The stock had a trading volume of 453,308 shares, compared to its average volume of 1,053,802. The firm has a market capitalization of $4.58 billion, a PE ratio of 22.82 and a beta of 1.04. The firm has a 50-day simple moving average of $35.58 and a 200-day simple moving average of $34.28. Kilroy Realty Co. has a twelve month low of $26.78 and a twelve month high of $43.37. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.61 and a quick ratio of 3.61.

Kilroy Realty (NYSE:KRC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.41 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.67). The firm had revenue of $280.73 million during the quarter, compared to analyst estimates of $276.81 million. Kilroy Realty had a net margin of 17.91% and a return on equity of 3.52%. Kilroy Realty's revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.19 EPS. As a group, equities analysts forecast that Kilroy Realty Co. will post 4.25 earnings per share for the current year.

Kilroy Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date of this dividend is Monday, September 30th. Kilroy Realty's dividend payout ratio (DPR) is 124.14%.

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.