Resona Asset Management Co. Ltd. Buys New Position in Kilroy Realty Co. (NYSE:KRC)

Resona Asset Management Co. Ltd. purchased a new stake in Kilroy Realty Co. (NYSE:KRC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 42,222 shares of the real estate investment trust's stock, valued at approximately $1,732,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of Kilroy Realty by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 2,066,597 shares of the real estate investment trust's stock valued at $83,616,000 after acquiring an additional 14,196 shares during the period. Franklin Resources Inc. raised its stake in Kilroy Realty by 4.8% in the 4th quarter. Franklin Resources Inc. now owns 148,691 shares of the real estate investment trust's stock worth $6,015,000 after purchasing an additional 6,840 shares in the last quarter. Summit Securities Group LLC bought a new stake in Kilroy Realty in the 4th quarter valued at about $49,000. Pictet Asset Management Holding SA boosted its holdings in Kilroy Realty by 4.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 38,520 shares of the real estate investment trust's stock valued at $1,558,000 after purchasing an additional 1,747 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its position in shares of Kilroy Realty by 5.1% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 141,630 shares of the real estate investment trust's stock worth $5,729,000 after purchasing an additional 6,880 shares in the last quarter. 94.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on KRC. Royal Bank of Canada cut their price target on Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating for the company in a research note on Monday, March 10th. Mizuho reiterated a "neutral" rating and set a $43.00 target price (down from $45.00) on shares of Kilroy Realty in a research report on Tuesday, January 7th. KeyCorp decreased their price target on Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating on the stock in a research report on Monday, March 31st. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $36.00 price target (down previously from $42.00) on shares of Kilroy Realty in a research note on Friday, March 28th. Finally, Evercore ISI reduced their price objective on shares of Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating on the stock in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Kilroy Realty currently has a consensus rating of "Hold" and a consensus target price of $38.82.

Insider Transactions at Kilroy Realty

In other Kilroy Realty news, CEO Angela M. Aman purchased 2,797 shares of the company's stock in a transaction dated Friday, February 28th. The stock was purchased at an average price of $35.45 per share, with a total value of $99,153.65. Following the completion of the purchase, the chief executive officer now owns 2,797 shares of the company's stock, valued at approximately $99,153.65. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP John Osmond sold 4,000 shares of the business's stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $35.16, for a total transaction of $140,640.00. Following the completion of the sale, the executive vice president now directly owns 12,528 shares in the company, valued at approximately $440,484.48. This represents a 24.20 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.49% of the company's stock.

Kilroy Realty Price Performance

NYSE:KRC traded up $0.44 on Tuesday, hitting $31.38. The company had a trading volume of 406,821 shares, compared to its average volume of 1,199,587. Kilroy Realty Co. has a 52 week low of $27.07 and a 52 week high of $43.78. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 17.72 and a beta of 1.04. The firm has a 50 day moving average of $33.40 and a two-hundred day moving average of $37.56.

Kilroy Realty (NYSE:KRC - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. On average, research analysts anticipate that Kilroy Realty Co. will post 4 earnings per share for the current year.

Kilroy Realty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st were paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.88%. The ex-dividend date was Monday, March 31st. Kilroy Realty's payout ratio is 122.03%.

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.