Kilroy Realty Co. (NYSE:KRC) Stock Position Lifted by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lifted its stake in shares of Kilroy Realty Co. (NYSE:KRC) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 141,630 shares of the real estate investment trust’s stock after purchasing an additional 6,880 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.12% of Kilroy Realty worth $5,729,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. State of Alaska Department of Revenue boosted its holdings in Kilroy Realty by 0.4% during the fourth quarter. State of Alaska Department of Revenue now owns 68,456 shares of the real estate investment trust’s stock worth $2,768,000 after buying an additional 276 shares in the last quarter. Choreo LLC boosted its stake in shares of Kilroy Realty by 3.2% during the 4th quarter. Choreo LLC now owns 8,852 shares of the real estate investment trust’s stock worth $358,000 after acquiring an additional 278 shares in the last quarter. M&T Bank Corp grew its holdings in shares of Kilroy Realty by 1.3% in the 4th quarter. M&T Bank Corp now owns 22,889 shares of the real estate investment trust’s stock worth $926,000 after acquiring an additional 293 shares during the last quarter. US Bancorp DE raised its position in shares of Kilroy Realty by 3.4% during the fourth quarter. US Bancorp DE now owns 9,680 shares of the real estate investment trust’s stock worth $392,000 after purchasing an additional 317 shares during the period. Finally, FMR LLC lifted its holdings in shares of Kilroy Realty by 2.2% during the third quarter. FMR LLC now owns 15,201 shares of the real estate investment trust’s stock valued at $588,000 after purchasing an additional 329 shares during the last quarter. Institutional investors own 94.22% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on KRC. JPMorgan Chase & Co. raised Kilroy Realty from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $45.00 to $49.00 in a research note on Friday, December 20th. Jefferies Financial Group started coverage on shares of Kilroy Realty in a report on Monday, March 17th. They set a “hold” rating and a $34.00 price target on the stock. Royal Bank of Canada lowered their price objective on shares of Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating on the stock in a research report on Monday, March 10th. Mizuho restated a “neutral” rating and issued a $43.00 target price (down previously from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. Finally, Wells Fargo & Company downgraded Kilroy Realty from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $43.00 to $35.00 in a report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $39.45.

Insider Activity

In related news, EVP John Osmond sold 4,000 shares of the company’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $35.16, for a total transaction of $140,640.00. Following the completion of the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Angela M. Aman bought 2,797 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average price of $35.45 per share, for a total transaction of $99,153.65. Following the acquisition, the chief executive officer now directly owns 2,797 shares in the company, valued at approximately $99,153.65. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.49% of the stock is currently owned by insiders.

Kilroy Realty Trading Up 0.3 %

Shares of NYSE KRC opened at $32.85 on Wednesday. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of 18.56 and a beta of 1.02. The business has a 50 day simple moving average of $35.18 and a 200 day simple moving average of $38.26. 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 Co. has a 52 week low of $30.71 and a 52 week high of $43.78.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 EPS for the quarter, topping the consensus estimate of $1.03 by $0.17. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. On average, research analysts predict that Kilroy Realty Co. will post 4 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.54 per share. The ex-dividend date is Monday, March 31st. This represents a $2.16 annualized dividend and a dividend yield of 6.58%. Kilroy Realty’s dividend payout ratio (DPR) is presently 122.03%.

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.