Sumitomo Mitsui DS Asset Management Company Ltd Increases Stock Position in Kilroy Realty Co. (NYSE:KRC)

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Kilroy Realty Co. (NYSE:KRC) by 13.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,096 shares of the real estate investment trust’s stock after acquiring an additional 2,687 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Kilroy Realty were worth $894,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Sanctuary Advisors LLC bought a new position in Kilroy Realty in the 2nd quarter worth about $268,000. GAMMA Investing LLC lifted its holdings in shares of Kilroy Realty by 33.6% in the third quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 371 shares in the last quarter. CWM LLC boosted its position in shares of Kilroy Realty by 25.2% in the third quarter. CWM LLC now owns 3,802 shares of the real estate investment trust’s stock valued at $147,000 after acquiring an additional 766 shares during the period. UMB Bank n.a. grew its stake 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 valued at $37,000 after acquiring an additional 540 shares in the last quarter. Finally, Creative Planning increased its holdings in Kilroy Realty by 28.0% during the 3rd quarter. Creative Planning now owns 38,595 shares of the real estate investment trust’s stock worth $1,494,000 after acquiring an additional 8,433 shares during the period. 94.22% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Heidi Rena Roth sold 12,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total transaction of $507,360.00. Following the completion of the sale, the insider now owns 50,211 shares of the company’s stock, valued at approximately $2,122,921.08. This represents a 19.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.49% of the stock is owned by corporate insiders.

Kilroy Realty Trading Down 2.7 %

KRC stock opened at $35.78 on Wednesday. The company has a market capitalization of $4.22 billion, a PE ratio of 21.42 and a beta of 1.02. 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 one year low of $30.71 and a one year high of $43.78. The company’s 50 day moving average price is $39.30 and its two-hundred day moving average price is $38.47.

Kilroy Realty (NYSE:KRC) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.17. Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. As a group, analysts predict that Kilroy Realty Co. will post 4.41 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 31st were issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 6.04%. The ex-dividend date was Tuesday, December 31st. Kilroy Realty’s dividend payout ratio is presently 129.34%.

Analyst Ratings Changes

Several brokerages have commented on KRC. Royal Bank of Canada reissued a “sector perform” rating and issued a $44.00 price target on shares of Kilroy Realty in a report on Monday. Barclays reduced their target price on Kilroy Realty from $43.00 to $42.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. Scotiabank cut Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price target on the stock. in a report on Thursday, November 14th. Evercore ISI lifted their price target on Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group downgraded shares of Kilroy Realty from a “buy” rating to a “hold” rating and lowered their target price for the company from $45.00 to $41.00 in a research note on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $41.20.

About Kilroy Realty

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.