Nomura Asset Management Co. Ltd. Has $5.73 Million Holdings in Kilroy Realty Co. (NYSE:KRC)

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

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank bought a new position in Kilroy Realty in the fourth quarter worth $366,356,000. Principal Financial Group Inc. lifted its holdings in shares of Kilroy Realty by 4.7% during the 4th quarter. Principal Financial Group Inc. now owns 4,862,310 shares of the real estate investment trust’s stock worth $196,680,000 after acquiring an additional 218,163 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Kilroy Realty by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,200,616 shares of the real estate investment trust’s stock valued at $89,015,000 after acquiring an additional 28,899 shares in the last quarter. Prudential Financial Inc. increased its stake in Kilroy Realty by 12.9% in the fourth quarter. Prudential Financial Inc. now owns 1,645,915 shares of the real estate investment trust’s stock valued at $63,862,000 after acquiring an additional 187,712 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Kilroy Realty by 428.5% in 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. Institutional investors own 94.22% of the company’s stock.

Kilroy Realty Price Performance

KRC opened at $32.85 on Wednesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.21 and a quick ratio of 2.21. The company’s 50 day simple moving average is $35.18 and its 200-day simple moving average is $38.26. Kilroy Realty Co. has a one year low of $30.71 and a one year high of $43.78. The stock has a market capitalization of $3.88 billion, a P/E ratio of 18.56 and a beta of 1.02.

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

Kilroy Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.16 dividend on an annualized basis and a yield of 6.58%. Kilroy Realty’s payout ratio is presently 122.03%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Evercore ISI decreased their price objective on Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating on the stock in a report on Wednesday, February 12th. Barclays upgraded Kilroy Realty from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $42.00 to $44.00 in a research report on Thursday, February 27th. JPMorgan Chase & Co. raised Kilroy Realty from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $45.00 to $49.00 in a report on Friday, December 20th. KeyCorp lowered their target price on shares of Kilroy Realty from $45.00 to $41.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Royal Bank of Canada cut their price target on shares of Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating for the company in a report on Monday, March 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $39.45.

Insider Activity

In other Kilroy Realty news, insider A. Robert Paratte sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $34.74, for a total value of $208,440.00. Following the transaction, the insider now directly owns 86,744 shares of the company’s stock, valued at approximately $3,013,486.56. This trade represents a 6.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Angela M. Aman bought 2,797 shares of the stock in a transaction on Friday, February 28th. The shares were acquired at an average cost of $35.45 per share, with a total value 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 position. The disclosure for this purchase can be found here. Insiders own 2.49% of the company’s stock.

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.