Daiwa Securities Group Inc. Sells 1,657 Shares of Kilroy Realty Co. (NYSE:KRC)

Daiwa Securities Group Inc. lessened its holdings in Kilroy Realty Co. (NYSE:KRC) by 4.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 32,465 shares of the real estate investment trust’s stock after selling 1,657 shares during the period. Daiwa Securities Group Inc.’s holdings in Kilroy Realty were worth $1,293,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Rush Island Management LP purchased a new stake in Kilroy Realty in the 3rd quarter worth approximately $35,572,000. Senvest Management LLC increased its holdings in Kilroy Realty by 39.5% in the 3rd quarter. Senvest Management LLC now owns 2,961,076 shares of the real estate investment trust’s stock worth $93,600,000 after acquiring an additional 837,755 shares in the last quarter. Wellington Management Group LLP purchased a new stake in Kilroy Realty in the 3rd quarter worth approximately $25,093,000. Charles Schwab Investment Management Inc. increased its holdings in Kilroy Realty by 25.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,025,569 shares of the real estate investment trust’s stock worth $64,028,000 after acquiring an additional 404,821 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Kilroy Realty by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 16,906,218 shares of the real estate investment trust’s stock worth $534,406,000 after acquiring an additional 334,859 shares in the last quarter. Institutional investors own 94.22% of the company’s stock.

Kilroy Realty Stock Up 0.9 %

NYSE KRC opened at $33.74 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.65 and a current ratio of 2.65. The company has a market capitalization of $3.96 billion, a P/E ratio of 18.74, a P/E/G ratio of 2.46 and a beta of 1.02. Kilroy Realty Co. has a one year low of $25.99 and a one year high of $43.37. The stock has a 50 day moving average price of $35.24 and a 200-day moving average price of $35.06.

Kilroy Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 29th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.40%. Kilroy Realty’s dividend payout ratio is currently 120.00%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. KeyCorp reduced their target price on shares of Kilroy Realty from $47.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, February 28th. Barclays assumed coverage on shares of Kilroy Realty in a report on Wednesday, March 27th. They set an “equal weight” rating and a $38.00 price objective for the company. Royal Bank of Canada lowered shares of Kilroy Realty from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $44.00 to $39.00 in a report on Friday, March 8th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Kilroy Realty in a report on Tuesday, January 30th. They set a “hold” rating and a $40.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $39.00.

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.