Nomura Holdings Inc. Takes Position in Kilroy Realty Co. (NYSE:KRC)

Nomura Holdings Inc. purchased a new stake in Kilroy Realty Co. (NYSE:KRC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 25,635 shares of the real estate investment trust's stock, valued at approximately $1,037,000.

A number of other institutional investors also recently modified their holdings of KRC. Kera Capital Partners Inc. bought a new position in shares of Kilroy Realty in the fourth quarter valued at approximately $261,000. Aaron Wealth Advisors LLC raised its position in shares of Kilroy Realty by 20.7% in the fourth quarter. Aaron Wealth Advisors LLC now owns 7,039 shares of the real estate investment trust's stock valued at $285,000 after purchasing an additional 1,207 shares during the period. HF Advisory Group LLC raised its position in shares of Kilroy Realty by 39.2% in the fourth quarter. HF Advisory Group LLC now owns 39,043 shares of the real estate investment trust's stock valued at $1,579,000 after purchasing an additional 10,985 shares during the period. Ballentine Partners LLC raised its position in shares of Kilroy Realty by 3.1% in the fourth quarter. Ballentine Partners LLC now owns 19,316 shares of the real estate investment trust's stock valued at $781,000 after purchasing an additional 583 shares during the period. Finally, Fifth Third Bancorp raised its position in shares of Kilroy Realty by 31.7% in the fourth quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust's stock valued at $102,000 after purchasing an additional 607 shares during the period. Institutional investors own 94.22% of the company's stock.

Insiders Place Their Bets

In related news, insider A. Robert Paratte sold 6,000 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $34.74, for a total value of $208,440.00. Following the transaction, the insider now owns 86,744 shares in the company, valued at approximately $3,013,486.56. This trade represents a 6.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Angela M. Aman purchased 2,797 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average price of $35.45 per share, for a total transaction of $99,153.65. Following the transaction, the chief executive officer now directly owns 2,797 shares of the company's stock, valued at $99,153.65. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.49% of the company's stock.

Kilroy Realty Price Performance

Shares of Kilroy Realty stock traded down $0.22 during trading on Friday, reaching $31.29. The company's stock had a trading volume of 1,290,609 shares, compared to its average volume of 1,240,718. The stock has a market capitalization of $3.70 billion, a P/E ratio of 17.68 and a beta of 1.16. Kilroy Realty Co. has a one year low of $27.07 and a one year 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 50-day moving average price of $31.96 and a two-hundred day moving average price of $35.96.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.01). The business had revenue of $270.84 million during the quarter, compared to analyst estimates of $274.90 million. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. Kilroy Realty's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.11 earnings per share. As a group, sell-side analysts anticipate that Kilroy Realty Co. will post 4 EPS for the current fiscal year.

Kilroy Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Monday, June 30th will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 6.90%. The ex-dividend date is Monday, June 30th. Kilroy Realty's payout ratio is 128.57%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KRC. Evercore ISI dropped their target price on shares of Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating on the stock in a research report on Wednesday, February 12th. KeyCorp dropped their target price on shares of Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating on the stock in a research report on Monday, March 31st. JPMorgan Chase & Co. dropped their target price on shares of Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $36.00 target price (down previously from $42.00) on shares of Kilroy Realty in a research report on Friday, March 28th. Finally, Jefferies Financial Group began coverage on shares of Kilroy Realty in a research note on Monday, March 17th. They set a "hold" rating and a $34.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $38.64.

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.