Hsbc Holdings PLC lifted its position in shares of Kilroy Realty Corporation (NYSE:KRC – Free Report) by 19.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 200,370 shares of the real estate investment trust’s stock after buying an additional 32,129 shares during the period. Hsbc Holdings PLC’s holdings in Kilroy Realty were worth $7,488,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Vestcor Inc purchased a new position in Kilroy Realty during the 3rd quarter valued at about $1,704,000. Principal Financial Group Inc. grew its position in shares of Kilroy Realty by 23.5% in the fourth quarter. Principal Financial Group Inc. now owns 5,228,666 shares of the real estate investment trust’s stock valued at $195,396,000 after purchasing an additional 994,299 shares during the last quarter. Situational Awareness LP acquired a new stake in shares of Kilroy Realty in the fourth quarter valued at approximately $49,616,000. Nan Fung Trinity HK Ltd. increased its stake in shares of Kilroy Realty by 172.4% during the 4th quarter. Nan Fung Trinity HK Ltd. now owns 210,800 shares of the real estate investment trust’s stock worth $7,878,000 after purchasing an additional 133,400 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Kilroy Realty by 103.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,278,930 shares of the real estate investment trust’s stock worth $54,035,000 after purchasing an additional 651,423 shares in the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.
Kilroy Realty Stock Up 1.3%
Shares of NYSE:KRC opened at $37.98 on Friday. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.84. The firm has a market cap of $4.42 billion, a price-to-earnings ratio of 20.87 and a beta of 1.14. The stock’s 50-day moving average price is $35.00 and its two-hundred day moving average price is $34.09. Kilroy Realty Corporation has a 12-month low of $27.36 and a 12-month high of $45.03.
Kilroy Realty Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Tuesday, June 30th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date is Tuesday, June 30th. Kilroy Realty’s dividend payout ratio (DPR) is 118.68%.
Insiders Place Their Bets
In other news, President Justin William Smart sold 10,848 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $38.71, for a total transaction of $419,926.08. Following the completion of the sale, the president directly owned 519,872 shares of the company’s stock, valued at $20,124,245.12. The trade was a 2.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Lauren N. Stadler sold 3,000 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $34.65, for a total value of $103,950.00. Following the completion of the transaction, the insider directly owned 15,456 shares in the company, valued at $535,550.40. This trade represents a 16.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.83% of the stock is owned by company insiders.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the company. BMO Capital Markets upped their target price on Kilroy Realty from $34.00 to $38.00 and gave the company a “market perform” rating in a research note on Monday, June 15th. Wells Fargo & Company boosted their price target on Kilroy Realty from $31.00 to $33.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $33.00 price objective on shares of Kilroy Realty in a research report on Tuesday, May 12th. Scotiabank lifted their price objective on Kilroy Realty from $37.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 21st. Finally, Needham & Company LLC reissued a “buy” rating on shares of Kilroy Realty in a research note on Monday, June 8th. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $37.87.
Read Our Latest Stock Analysis on Kilroy Realty
About Kilroy Realty
Kilroy Realty Corporation (NYSE: KRC) is a publicly traded real estate investment trust focused on the development, acquisition and management of high?quality office and mixed?use properties along the U.S. West Coast. The company’s portfolio encompasses major urban markets including Los Angeles, San Diego, the San Francisco Bay Area and Seattle. Kilroy Realty targets properties in transit?oriented submarkets, blending workplace space with retail, residential and hospitality amenities to create vibrant, walkable neighborhoods.
Founded in the mid?20th century by members of the Kilroy family, the company evolved from a regional landlord into one of the leading West Coast office landlords.
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Want to see what other hedge funds are holding KRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kilroy Realty Corporation (NYSE:KRC – Free Report).
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