Federated Hermes Inc. Increases Stake in Kilroy Realty Co. (NYSE:KRC)

Federated Hermes Inc. lifted its stake in Kilroy Realty Co. (NYSE:KRC) by 3.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,374,826 shares of the real estate investment trust’s stock after buying an additional 50,619 shares during the quarter. Federated Hermes Inc. owned approximately 1.17% of Kilroy Realty worth $42,853,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Fidelis Capital Partners LLC purchased a new position in Kilroy Realty during the 1st quarter valued at approximately $26,000. Wiser Advisor Group LLC boosted its position in shares of Kilroy Realty by 67.5% during the 1st quarter. Wiser Advisor Group LLC now owns 757 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 305 shares during the last quarter. Principal Securities Inc. purchased a new position in shares of Kilroy Realty in the fourth quarter valued at $33,000. Blue Trust Inc. increased its position in Kilroy Realty by 1,322.9% in the second quarter. Blue Trust Inc. now owns 1,366 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 1,270 shares during the last quarter. Finally, Versant Capital Management Inc raised its stake in Kilroy Realty by 2,510.7% during the second quarter. Versant Capital Management Inc now owns 1,462 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,406 shares in the last quarter. Institutional investors own 94.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Scotiabank dropped 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 note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on Kilroy Realty from $40.00 to $34.00 and set a “hold” rating on the stock in a research note on Thursday, May 30th. KeyCorp lowered their price objective on Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating for the company in a research note on Tuesday, July 2nd. Finally, Wells Fargo & Company dropped their target price on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $38.30.

Kilroy Realty Stock Up 4.0 %

Shares of KRC opened at $36.59 on Friday. The firm has a fifty day moving average price of $34.79 and a 200-day moving average price of $34.16. The company has a current ratio of 3.61, a quick ratio of 3.61 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $4.30 billion, a P/E ratio of 21.03 and a beta of 1.04. Kilroy Realty Co. has a 12-month low of $26.78 and a 12-month high of $43.37.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.67). The company had revenue of $280.73 million during the quarter, compared to analysts’ expectations of $276.81 million. Kilroy Realty had a net margin of 17.91% and a return on equity of 3.52%. Kilroy Realty’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period last year, the firm earned $1.19 earnings per share. Equities research analysts expect that Kilroy Realty Co. will post 4.25 earnings per share for the current year.

About Kilroy Realty

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.