HF Advisory Group LLC Boosts Stake in Kilroy Realty Corporation $KRC

Key Points

• HF Advisory Group LLC increased its holdings in Kilroy Realty Corporation by 38.1%, owning a total of 66,993 shares worth approximately $2.3 million after purchasing an additional 18,488 shares in the second quarter.
• Several institutional investors, including Allworth Financial and Meeder Asset Management, significantly increased their positions in Kilroy Realty, driving institutional ownership to 94.22%.
• The stock is currently rated as a "Hold" by analysts, with a consensus price target of $39.45 following several upgrades and downgrades from major financial institutions.

HF Advisory Group LLC raised its holdings in Kilroy Realty Corporation (NYSE:KRC - Free Report) by 38.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 66,993 shares of the real estate investment trust's stock after purchasing an additional 18,488 shares during the period. HF Advisory Group LLC owned about 0.06% of Kilroy Realty worth $2,298,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP boosted its holdings in shares of Kilroy Realty by 192.1% in the 1st quarter. Allworth Financial LP now owns 964 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 634 shares during the period. GF Fund Management CO. LTD. acquired a new stake in Kilroy Realty in the 4th quarter valued at approximately $82,000. PNC Financial Services Group Inc. raised its stake in Kilroy Realty by 22.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,346 shares of the real estate investment trust's stock valued at $110,000 after acquiring an additional 614 shares in the last quarter. Meeder Asset Management Inc. grew its stake in shares of Kilroy Realty by 3,410.7% in the first quarter. Meeder Asset Management Inc. now owns 3,932 shares of the real estate investment trust's stock worth $129,000 after purchasing an additional 3,820 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Kilroy Realty by 70.4% during the 1st quarter. Fifth Third Bancorp now owns 4,298 shares of the real estate investment trust's stock worth $141,000 after buying an additional 1,775 shares in the last quarter. 94.22% of the stock is owned by institutional investors.

Kilroy Realty Stock Performance

Shares of KRC stock traded down $0.19 on Friday, reaching $44.25. The stock had a trading volume of 2,375,728 shares, compared to its average volume of 1,364,847. Kilroy Realty Corporation has a 12 month low of $27.07 and a 12 month high of $44.89. The firm has a market capitalization of $5.23 billion, a price-to-earnings ratio of 24.05 and a beta of 1.26. The firm's 50-day moving average is $39.59 and its two-hundred day moving average is $35.31. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.82.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its earnings results on Monday, July 28th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.12. Kilroy Realty had a net margin of 19.29% and a return on equity of 3.92%. The company had revenue of $289.89 million during the quarter, compared to analysts' expectations of $268.84 million. During the same quarter last year, the company posted $1.10 EPS. Kilroy Realty's quarterly revenue was up 3.3% compared to the same quarter last year. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. On average, research analysts expect that Kilroy Realty Corporation will post 4 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Tuesday, 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 4.9%. The ex-dividend date is Tuesday, September 30th. Kilroy Realty's payout ratio is 117.39%.

Insider Activity at Kilroy Realty

In other news, CAO Merryl Elizabeth Werber sold 6,250 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $38.28, for a total value of $239,250.00. Following the completion of the sale, the chief accounting officer directly owned 26,435 shares of the company's stock, valued at $1,011,931.80. This represents a 19.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Eliott Trencher sold 3,997 shares of Kilroy Realty stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $38.05, for a total transaction of $152,085.85. Following the transaction, the executive vice president directly owned 43,826 shares in the company, valued at approximately $1,667,579.30. This represents a 8.36% decrease in their position. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

KRC has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their price objective on Kilroy Realty from $42.00 to $40.00 and set an "overweight" rating for the company in a report on Wednesday, July 2nd. Mizuho reduced their target price on shares of Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating for the company in a report on Monday, July 14th. BMO Capital Markets lowered shares of Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 price objective for the company. in a research note on Wednesday, July 16th. Zacks Research raised Kilroy Realty to a "hold" rating in a research report on Friday, August 8th. Finally, Royal Bank Of Canada increased their price objective on Kilroy Realty from $39.00 to $40.00 and gave the stock a "sector perform" rating in a report on Thursday, August 7th. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $39.45.

Kilroy Realty 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.