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

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

Several other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of Kilroy Realty by 2.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,720,268 shares of the real estate investment trust’s stock valued at $53,622,000 after purchasing an additional 42,811 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Kilroy Realty by 639.6% in the second quarter. Renaissance Technologies LLC now owns 314,700 shares of the real estate investment trust’s stock valued at $9,809,000 after buying an additional 272,148 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in Kilroy Realty in the second quarter valued at $1,178,000. Mercer Global Advisors Inc. ADV lifted its holdings in Kilroy Realty by 6.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,765 shares of the real estate investment trust’s stock worth $210,000 after buying an additional 383 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of Kilroy Realty by 54.7% during the 2nd quarter. Hsbc Holdings PLC now owns 145,397 shares of the real estate investment trust’s stock worth $4,516,000 after acquiring an additional 51,387 shares in the last quarter. Institutional investors and hedge funds own 94.22% of the company’s stock.

Kilroy Realty Trading Up 1.9 %

NYSE:KRC opened at $38.97 on Friday. Kilroy Realty Co. has a 12-month low of $30.71 and a 12-month high of $43.78. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.89. The stock’s 50 day simple moving average is $40.03 and its 200-day simple moving average is $37.99. The firm has a market cap of $4.60 billion, a P/E ratio of 23.33 and a beta of 1.02.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.60). The firm had revenue of $289.94 million for the quarter, compared to analysts’ expectations of $275.77 million. Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.12 EPS. Equities analysts anticipate that Kilroy Realty Co. will post 4.42 EPS for the current year.

Kilroy Realty Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KRC. Jefferies Financial Group lowered Kilroy Realty from a “buy” rating to a “hold” rating and cut their target price for the stock from $45.00 to $41.00 in a research report on Thursday, January 2nd. Mizuho restated a “neutral” rating and issued a $43.00 target price (down previously from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. Barclays dropped their target price on shares of Kilroy Realty from $44.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Evercore ISI upped their price objective on shares of Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. raised Kilroy Realty from a “neutral” rating to an “overweight” rating and upped their target price for the company from $45.00 to $49.00 in a research report on Friday, December 20th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, Kilroy Realty presently has a consensus rating of “Hold” and a consensus price target of $40.80.

Insider Transactions at Kilroy Realty

In other Kilroy Realty 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 transaction, the insider now owns 50,211 shares in the company, valued at approximately $2,122,921.08. This represents a 19.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.49% of the company’s stock.

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.