Hsbc Holdings PLC Boosts Stake in Kilroy Realty Co. (NYSE:KRC)

Hsbc Holdings PLC lifted its holdings in Kilroy Realty Co. (NYSE:KRC) by 54.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,397 shares of the real estate investment trust’s stock after buying an additional 51,387 shares during the period. Hsbc Holdings PLC owned approximately 0.12% of Kilroy Realty worth $4,516,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Mercer Global Advisors Inc. ADV lifted its stake in shares of Kilroy Realty by 6.0% in the second 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 in the last quarter. Edgestream Partners L.P. acquired a new stake in Kilroy Realty during the second quarter worth about $1,178,000. Renaissance Technologies LLC increased its position in Kilroy Realty by 639.6% during the second quarter. Renaissance Technologies LLC now owns 314,700 shares of the real estate investment trust’s stock worth $9,809,000 after purchasing an additional 272,148 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Kilroy Realty by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,720,268 shares of the real estate investment trust’s stock worth $53,622,000 after purchasing an additional 42,811 shares during the last quarter. Finally, Hanson & Doremus Investment Management increased its position in Kilroy Realty by 19.8% during the second quarter. Hanson & Doremus Investment Management now owns 84,998 shares of the real estate investment trust’s stock worth $2,649,000 after purchasing an additional 14,029 shares during the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Evercore ISI raised their price objective on shares of Kilroy Realty from $38.00 to $40.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Scotiabank cut their price objective on shares of Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Wells Fargo & Company cut their price objective on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a research report on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Kilroy Realty from $40.00 to $34.00 and set a “hold” rating for the company in a research report on Thursday, May 30th. Finally, KeyCorp dropped their price target 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. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $38.40.

Kilroy Realty Trading Down 0.6 %

NYSE KRC opened at $39.70 on Wednesday. The firm has a 50 day simple moving average of $35.58 and a 200-day simple moving average of $34.28. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.61 and a current ratio of 3.61. Kilroy Realty Co. has a one year low of $26.78 and a one year high of $43.37. The firm has a market cap of $4.66 billion, a price-to-earnings ratio of 22.82 and a beta of 1.04.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings data 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). Kilroy Realty had a net margin of 17.91% and a return on equity of 3.52%. The business had revenue of $280.73 million during the quarter, compared to analysts’ expectations of $276.81 million. During the same period in the previous year, the business posted $1.19 EPS. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. Equities research analysts anticipate that Kilroy Realty Co. will post 4.25 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Monday, September 30th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.16 dividend on an annualized basis and a yield of 5.44%. Kilroy Realty’s dividend payout ratio is currently 124.14%.

Insider Buying and Selling

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

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.