HF Advisory Group LLC Buys 18,488 Shares of 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 increased its holdings in shares of Kilroy Realty Corporation (NYSE:KRC - Free Report) by 38.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 0.06% of Kilroy Realty worth $2,298,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Northern Trust Corp boosted its position in shares of Kilroy Realty by 39.5% in the first quarter. Northern Trust Corp now owns 2,923,836 shares of the real estate investment trust's stock worth $95,785,000 after acquiring an additional 827,365 shares during the last quarter. Long Pond Capital LP bought a new stake in shares of Kilroy Realty in the first quarter worth $24,183,000. MetLife Investment Management LLC boosted its holdings in Kilroy Realty by 566.3% in the first quarter. MetLife Investment Management LLC now owns 421,050 shares of the real estate investment trust's stock worth $13,794,000 after purchasing an additional 357,855 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Kilroy Realty in the fourth quarter worth $11,892,000. Finally, Strs Ohio acquired a new position in shares of Kilroy Realty during the first quarter valued at $9,575,000. Hedge funds and other institutional investors own 94.22% of the company's stock.

Analyst Ratings Changes

KRC has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Kilroy Realty from $42.00 to $40.00 and set an "overweight" rating for the company in a report on Wednesday, July 2nd. Royal Bank Of Canada lifted their target price on Kilroy Realty from $39.00 to $40.00 and gave the company a "sector perform" rating in a research note on Thursday, August 7th. Evercore ISI lifted their target price on Kilroy Realty from $42.00 to $46.00 and gave the company an "in-line" rating in a research note on Monday, September 8th. Barclays reissued an "equal weight" rating and issued a $43.00 price target on shares of Kilroy Realty in a research note on Thursday, September 4th. Finally, Mizuho decreased their target price on Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating for the company in a research report on Monday, July 14th. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $39.45.

Kilroy Realty Trading Up 0.3%

Kilroy Realty stock traded up $0.13 during mid-day trading on Monday, hitting $44.36. 1,150,916 shares of the company's stock were exchanged, compared to its average volume of 1,423,906. The company's 50 day simple moving average is $39.73 and its 200-day simple moving average is $35.41. The firm has a market capitalization of $5.25 billion, a P/E ratio of 24.11 and a beta of 1.25. 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 Corporation has a fifty-two week low of $27.07 and a fifty-two week high of $44.89.

Kilroy Realty (NYSE:KRC - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.12. Kilroy Realty had a return on equity of 3.92% and a net margin of 19.29%.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 earned $1.10 EPS. Kilroy Realty's revenue for the quarter 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, equities analysts anticipate that Kilroy Realty Corporation will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Tuesday, September 30th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Tuesday, September 30th. Kilroy Realty's dividend payout ratio is presently 117.39%.

Insider Activity

In other Kilroy Realty news, EVP Eliott Trencher sold 3,997 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $38.05, for a total value of $152,085.85. Following the completion of the sale, the executive vice president owned 43,826 shares in the company, valued at approximately $1,667,579.30. This trade represents a 8.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of Kilroy Realty stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $38.28, for a total transaction of $239,250.00. Following the completion of the sale, the chief accounting officer directly owned 26,435 shares in the company, valued at $1,011,931.80. This trade represents a 19.12% decrease in their position. The disclosure for this sale can be found here. 2.49% of the stock is owned by corporate insiders.

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.