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

Daiwa Securities Group Inc. grew its holdings in Kilroy Realty Co. (NYSE:KRC - Free Report) by 364.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 155,291 shares of the real estate investment trust's stock after purchasing an additional 121,853 shares during the quarter. Daiwa Securities Group Inc. owned approximately 0.13% of Kilroy Realty worth $6,010,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. UMB Bank n.a. boosted its position in Kilroy Realty by 126.5% during the third quarter. UMB Bank n.a. now owns 967 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 540 shares during the last quarter. Blue Trust Inc. grew its position in Kilroy Realty by 1,322.9% during the second quarter. Blue Trust Inc. now owns 1,366 shares of the real estate investment trust's stock valued at $43,000 after acquiring an additional 1,270 shares during the period. Versant Capital Management Inc grew its position in Kilroy Realty by 2,510.7% during the second quarter. Versant Capital Management Inc now owns 1,462 shares of the real estate investment trust's stock valued at $46,000 after acquiring an additional 1,406 shares during the period. Headlands Technologies LLC purchased a new stake in Kilroy Realty during the second quarter valued at about $46,000. Finally, Quarry LP purchased a new stake in shares of Kilroy Realty in the second quarter worth about $55,000. 94.22% of the stock is owned by hedge funds and other institutional investors.

Kilroy Realty Price Performance

KRC stock traded up $0.09 during trading hours on Wednesday, hitting $42.50. 625,209 shares of the stock traded hands, compared to its average volume of 1,055,473. The stock has a 50-day simple moving average of $39.96 and a 200 day simple moving average of $36.02. The company has a market cap of $5.02 billion, a P/E ratio of 25.40 and a beta of 1.03. Kilroy Realty Co. has a one year low of $29.88 and a one year high of $43.78. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.89.

Kilroy Realty (NYSE:KRC - Get Free Report) last announced 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). Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. The business had revenue of $289.94 million during the quarter, compared to analyst estimates of $275.77 million. During the same period in the prior year, the firm earned $1.12 EPS. The business's revenue for the quarter was up 2.2% on a year-over-year basis. Equities analysts forecast that Kilroy Realty Co. will post 4.41 earnings per share for the current year.

Kilroy Realty Announces Dividend

The business 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. This represents a $2.16 annualized dividend and a dividend yield of 5.08%. The ex-dividend date of this dividend was Monday, September 30th. Kilroy Realty's dividend payout ratio is presently 129.34%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Barclays upped their target price on Kilroy Realty from $38.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Monday, October 28th. Scotiabank downgraded Kilroy Realty from a "sector perform" rating to a "sector underperform" rating and set a $38.00 price target for the company. in a report on Thursday, November 14th. Wells Fargo & Company reduced their price target on Kilroy Realty from $39.00 to $38.00 and set an "overweight" rating for the company in a report on Wednesday, September 11th. Finally, Evercore ISI increased their price target on Kilroy Realty from $40.00 to $41.00 and gave the company an "in-line" rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued 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 $39.43.

Insider Buying and Selling

In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 3,000 shares of Kilroy Realty stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $39.14, for a total transaction of $117,420.00. Following the transaction, the chief accounting officer now directly owns 26,401 shares in the company, valued at approximately $1,033,335.14. The trade was a 10.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John Osmond sold 2,628 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total value of $105,120.00. Following the completion of the sale, the executive vice president now owns 8,818 shares of the company's stock, valued at $352,720. The trade was a 22.96 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.49% of the company's stock.

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.