Nomura Asset Management Co. Ltd. Grows Stake in Kilroy Realty Co. (NYSE:KRC)

Nomura Asset Management Co. Ltd. boosted its stake in Kilroy Realty Co. (NYSE:KRC) by 1.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,750 shares of the real estate investment trust’s stock after buying an additional 1,500 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Kilroy Realty were worth $5,215,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of KRC. Victory Capital Management Inc. raised its holdings in shares of Kilroy Realty by 585.2% during the third quarter. Victory Capital Management Inc. now owns 830,311 shares of the real estate investment trust’s stock valued at $32,133,000 after acquiring an additional 709,126 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Kilroy Realty by 428.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 850,975 shares of the real estate investment trust’s stock worth $32,933,000 after purchasing an additional 689,962 shares in the last quarter. Renaissance Technologies LLC raised its stake in Kilroy Realty by 639.6% in the 2nd quarter. Renaissance Technologies LLC now owns 314,700 shares of the real estate investment trust’s stock valued at $9,809,000 after purchasing an additional 272,148 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Kilroy Realty by 45.9% in the 2nd quarter. AQR Capital Management LLC now owns 851,398 shares of the real estate investment trust’s stock valued at $26,393,000 after purchasing an additional 267,825 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its stake in Kilroy Realty by 1,858.8% during the 2nd quarter. Squarepoint Ops LLC now owns 164,580 shares of the real estate investment trust’s stock worth $5,130,000 after purchasing an additional 156,178 shares during the last quarter. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Kilroy Realty Price Performance

NYSE:KRC opened at $41.74 on Friday. Kilroy Realty Co. has a 52 week low of $30.71 and a 52 week high of $43.78. The stock’s fifty day moving average is $40.43 and its two-hundred day moving average is $36.58. The company has a market capitalization of $4.93 billion, a P/E ratio of 25.00 and a beta of 1.03. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.89.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.60). The company had revenue of $289.94 million during the quarter, compared to analysts’ expectations of $275.77 million. Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.12 earnings per share. Equities analysts expect that Kilroy Realty Co. will post 4.41 EPS for the current year.

Kilroy Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 31st will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.17%. Kilroy Realty’s payout ratio is currently 129.34%.

Insider Activity at Kilroy Realty

In related news, CAO Merryl Elizabeth Werber sold 3,000 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total transaction of $117,420.00. Following the transaction, the chief accounting officer now owns 26,401 shares of the company’s stock, valued at approximately $1,033,335.14. This represents a 10.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Heidi Rena Roth sold 12,000 shares of Kilroy Realty stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.28, for a total value of $507,360.00. Following the completion of the transaction, the insider now directly owns 50,211 shares of the company’s stock, valued at approximately $2,122,921.08. This represents a 19.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,628 shares of company stock worth $729,900. Insiders own 2.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Scotiabank downgraded shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price target on the stock. in a research note on Thursday, November 14th. Wells Fargo & Company decreased their target price on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 11th. Barclays increased their price target on Kilroy Realty from $38.00 to $44.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Finally, Evercore ISI boosted their price objective on Kilroy Realty from $40.00 to $41.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $39.43.

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.