Daiwa Securities Group Inc. Sells 4,870 Shares of Kilroy Realty Co. (NYSE:KRC)

Daiwa Securities Group Inc. decreased its stake in Kilroy Realty Co. (NYSE:KRC) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,421 shares of the real estate investment trust’s stock after selling 4,870 shares during the period. Daiwa Securities Group Inc. owned about 0.13% of Kilroy Realty worth $6,085,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its stake in shares of Kilroy Realty by 585.2% in the 3rd 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 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 valued at $32,933,000 after purchasing an additional 689,962 shares during the last quarter. abrdn plc boosted its stake in shares of Kilroy Realty by 1,592.3% during the fourth quarter. abrdn plc now owns 400,404 shares of the real estate investment trust’s stock valued at $16,216,000 after purchasing an additional 376,743 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Kilroy Realty by 4.7% during the fourth quarter. Principal Financial Group Inc. now owns 4,862,310 shares of the real estate investment trust’s stock worth $196,680,000 after purchasing an additional 218,163 shares during the last quarter. Finally, Verition Fund Management LLC increased its stake in shares of Kilroy Realty by 77.6% in the third quarter. Verition Fund Management LLC now owns 280,646 shares of the real estate investment trust’s stock valued at $10,861,000 after buying an additional 122,616 shares during the period. Institutional investors and hedge funds own 94.22% of the company’s stock.

Insider Transactions at Kilroy Realty

In other news, CEO Angela M. Aman acquired 2,797 shares of the firm’s stock in a transaction dated 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 completion of the acquisition, the chief executive officer now directly owns 2,797 shares in the company, valued at $99,153.65. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.49% of the company’s stock.

Kilroy Realty Trading Up 1.4 %

NYSE KRC opened at $32.92 on Thursday. The stock has a market capitalization of $3.89 billion, a P/E ratio of 18.60 and a beta of 1.02. The business has a 50 day simple moving average of $36.37 and a 200 day simple moving average of $38.41. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.21 and a quick ratio of 2.21. Kilroy Realty Co. has a one year low of $30.71 and a one year high of $43.78.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings data 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%. Research analysts expect that Kilroy Realty Co. will post 4 earnings per share for the current year.

Kilroy Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.16 annualized dividend and a dividend yield of 6.56%. Kilroy Realty’s dividend payout ratio is currently 122.03%.

Analyst Upgrades and Downgrades

KRC has been the topic of several recent research reports. Jefferies Financial Group downgraded shares of Kilroy Realty from a “buy” rating to a “hold” rating and cut their target price for the stock from $45.00 to $41.00 in a research report on Thursday, January 2nd. Scotiabank cut shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price objective on the stock. in a research note on Thursday, November 14th. The Goldman Sachs Group lowered their target price on Kilroy Realty from $48.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. JPMorgan Chase & Co. upgraded Kilroy Realty from a “neutral” rating to an “overweight” rating and upped their price target for the company from $45.00 to $49.00 in a research report on Friday, December 20th. Finally, Barclays upgraded Kilroy Realty from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $42.00 to $44.00 in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $40.73.

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.