Nomura Holdings Inc. Buys Shares of 25,635 Kilroy Realty Co. (NYSE:KRC)

Nomura Holdings Inc. bought a new stake in Kilroy Realty Co. (NYSE:KRC) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 25,635 shares of the real estate investment trust’s stock, valued at approximately $1,037,000.

Several other hedge funds have also recently bought and sold shares of the company. State of Alaska Department of Revenue increased its holdings in Kilroy Realty by 0.4% in the 4th quarter. State of Alaska Department of Revenue now owns 68,456 shares of the real estate investment trust’s stock valued at $2,768,000 after buying an additional 276 shares during the period. Choreo LLC increased its holdings in Kilroy Realty by 3.2% in the 4th quarter. Choreo LLC now owns 8,852 shares of the real estate investment trust’s stock valued at $358,000 after buying an additional 278 shares during the period. M&T Bank Corp increased its holdings in Kilroy Realty by 1.3% in the 4th quarter. M&T Bank Corp now owns 22,889 shares of the real estate investment trust’s stock valued at $926,000 after buying an additional 293 shares during the period. US Bancorp DE increased its holdings in Kilroy Realty by 3.4% in the 4th quarter. US Bancorp DE now owns 9,680 shares of the real estate investment trust’s stock valued at $392,000 after buying an additional 317 shares during the period. Finally, Treasurer of the State of North Carolina increased its holdings in Kilroy Realty by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 51,388 shares of the real estate investment trust’s stock valued at $2,079,000 after buying an additional 320 shares during the period. 94.22% of the stock is owned by institutional investors.

Kilroy Realty Trading Up 1.1%

Shares of NYSE KRC opened at $32.87 on Monday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21. Kilroy Realty Co. has a 52-week low of $27.07 and a 52-week high of $43.78. The firm has a 50 day moving average price of $32.09 and a two-hundred day moving average price of $36.20. The stock has a market cap of $3.89 billion, a P/E ratio of 18.57 and a beta of 1.16.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings results 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). Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. The business had revenue of $270.84 million during the quarter, compared to analyst estimates of $274.90 million. During the same quarter last year, the company posted $1.11 earnings per share. The company’s revenue was down 2.8% compared to the same quarter last year. As a group, equities analysts forecast that Kilroy Realty Co. will post 4 EPS for the current year.

Kilroy Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.57%. The ex-dividend date of this dividend was Monday, March 31st. Kilroy Realty’s dividend payout ratio is currently 128.57%.

Insider Activity

In other news, EVP John Osmond sold 4,000 shares of the company’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $35.16, for a total value of $140,640.00. Following the sale, the executive vice president now directly owns 12,528 shares of the company’s stock, valued at approximately $440,484.48. This represents a 24.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider A. Robert Paratte sold 6,000 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $34.74, for a total transaction of $208,440.00. Following the completion of the sale, the insider now directly owns 86,744 shares in the company, valued at approximately $3,013,486.56. This represents a 6.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Kilroy Realty from $49.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, April 2nd. Evercore ISI lowered their price objective on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a research report on Wednesday, February 12th. KeyCorp lowered their price objective on shares of Kilroy Realty from $45.00 to $41.00 and set an “overweight” rating for the company in a research report on Monday, March 31st. The Goldman Sachs Group reiterated a “neutral” rating and set a $36.00 price objective (down from $42.00) on shares of Kilroy Realty in a research report on Friday, March 28th. Finally, Wells Fargo & Company cut shares of Kilroy Realty from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $43.00 to $35.00 in a research report on Monday, March 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Kilroy Realty currently has a consensus rating of “Hold” and a consensus price target of $38.82.

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.