Daiwa Securities Group Inc. Has $6.01 Million Holdings in Kilroy Realty Co. (NYSE:KRC)

Daiwa Securities Group Inc. raised its stake in Kilroy Realty Co. (NYSE:KRC) by 364.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 155,291 shares of the real estate investment trust’s stock after buying an additional 121,853 shares during the period. Daiwa Securities Group Inc.’s holdings in Kilroy Realty were worth $6,010,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC raised its position in shares of Kilroy Realty by 2,767.7% in the 1st quarter. Janus Henderson Group PLC now owns 1,648,027 shares of the real estate investment trust’s stock valued at $59,991,000 after acquiring an additional 1,590,558 shares during the period. Tidal Investments LLC boosted its position in shares of Kilroy Realty by 53.5% during the first quarter. Tidal Investments LLC now owns 10,808 shares of the real estate investment trust’s stock worth $392,000 after purchasing an additional 3,767 shares in the last quarter. Walleye Trading LLC bought a new position in shares of Kilroy Realty during the first quarter worth $264,000. Swedbank AB acquired a new position in shares of Kilroy Realty in the 1st quarter valued at $5,811,000. Finally, DekaBank Deutsche Girozentrale increased its position in shares of Kilroy Realty by 13.2% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 49,420 shares of the real estate investment trust’s stock valued at $1,751,000 after buying an additional 5,749 shares in the last quarter. Institutional investors own 94.22% of the company’s stock.

Kilroy Realty Stock Up 1.0 %

Shares of Kilroy Realty stock opened at $42.43 on Wednesday. The firm has a market cap of $5.01 billion, a PE ratio of 25.40 and a beta of 1.03. The business’s 50 day simple moving average is $39.96 and its 200 day simple moving average is $36.02. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.08 and a current ratio of 3.08. Kilroy Realty Co. has a 52-week low of $29.72 and a 52-week high of $43.78.

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

Kilroy Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th were paid a dividend of $0.54 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.09%. Kilroy Realty’s dividend payout ratio is 129.34%.

Analyst Ratings Changes

KRC has been the subject of a number of research analyst reports. Barclays boosted their target price on Kilroy Realty from $38.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Evercore ISI increased their target price 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. Wells Fargo & Company lowered their target price on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, September 11th. Finally, Scotiabank lowered 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. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Kilroy Realty presently has a consensus rating of “Hold” and an average price target of $39.43.

Insider Activity

In other news, CAO Merryl Elizabeth Werber sold 3,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total value of $117,420.00. Following the completion of the sale, 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 filing with the SEC, which can be accessed through the SEC website. Also, EVP John Osmond sold 2,628 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total transaction of $105,120.00. Following the completion of the transaction, the executive vice president now directly owns 8,818 shares of the company’s stock, valued at $352,720. This represents a 22.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.49% of the stock is owned by corporate insiders.

Kilroy Realty 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.