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

HF Advisory Group LLC grew its position in Kilroy Realty Co. (NYSE:KRC - Free Report) by 24.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,505 shares of the real estate investment trust's stock after purchasing an additional 9,462 shares during the quarter. HF Advisory Group LLC's holdings in Kilroy Realty were worth $1,589,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of KRC. Norges Bank acquired a new position in Kilroy Realty in the fourth quarter valued at $366,356,000. Rush Island Management LP bought a new position in shares of Kilroy Realty in the 4th quarter worth about $109,502,000. Bamco Inc. NY acquired a new position in shares of Kilroy Realty in the 4th quarter valued at about $58,747,000. Northern Trust Corp boosted its position in shares of Kilroy Realty by 107.5% during the 4th quarter. Northern Trust Corp now owns 2,096,471 shares of the real estate investment trust's stock valued at $84,802,000 after purchasing an additional 1,085,914 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in Kilroy Realty by 1,226.2% during the fourth quarter. Deutsche Bank AG now owns 815,491 shares of the real estate investment trust's stock worth $32,987,000 after purchasing an additional 753,999 shares during the period. 94.22% of the stock is owned by institutional investors.

Kilroy Realty Stock Up 2.4%

Shares of Kilroy Realty stock traded up $0.83 during trading hours on Friday, reaching $34.98. The company's stock had a trading volume of 1,893,754 shares, compared to its average volume of 1,245,938. The company has a market capitalization of $4.14 billion, a P/E ratio of 19.76 and a beta of 1.18. The stock's fifty day simple moving average is $31.68 and its two-hundred day simple moving average is $35.53. Kilroy Realty Co. has a one year low of $27.07 and a one year high of $43.78. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its earnings results on Monday, May 5th. The real estate investment trust reported $1.02 earnings per share for the quarter, missing analysts' consensus estimates of $1.03 by ($0.01). The business had revenue of $270.84 million during the quarter, compared to analyst estimates of $274.90 million. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. The company's revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.11 EPS. On average, research analysts forecast that Kilroy Realty Co. will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Monday, June 30th will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.16 annualized dividend and a yield of 6.18%. Kilroy Realty's dividend payout ratio (DPR) is currently 128.57%.

Insider Activity at Kilroy Realty

In other news, insider A. Robert Paratte sold 6,000 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $34.74, for a total value of $208,440.00. Following the transaction, the insider now owns 86,744 shares in the company, valued at $3,013,486.56. The trade was a 6.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John Osmond sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $35.16, for a total value of $140,640.00. Following the completion of the transaction, the executive vice president now directly owns 12,528 shares of the company's stock, valued at approximately $440,484.48. This represents a 24.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have issued reports on KRC. The Goldman Sachs Group reissued a "neutral" rating and issued a $36.00 price target (down from $42.00) on shares of Kilroy Realty in a research note on Friday, March 28th. JPMorgan Chase & Co. dropped their target price on shares of Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Royal Bank of Canada cut their target price on shares of Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating on the stock in a research note on Monday, March 10th. Wells Fargo & Company dropped their price objective on shares of Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating on the stock in a report on Monday, May 19th. Finally, KeyCorp cut their price objective on shares of Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating on the stock in a research report on Monday, March 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Kilroy Realty currently has a consensus rating of "Hold" and a consensus target price of $39.10.

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.