Sumitomo Mitsui DS Asset Management Company Ltd Has $894,000 Stake in Kilroy Realty Co. (NYSE:KRC)

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Kilroy Realty Co. (NYSE:KRC) by 13.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Wilmington Savings Fund Society FSB acquired a new stake in Kilroy Realty during the third quarter worth approximately $34,000. UMB Bank n.a. grew its position in shares of Kilroy Realty by 126.5% during the 3rd quarter. UMB Bank n.a. now owns 967 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 540 shares during the period. GAMMA Investing LLC grew its position in shares of Kilroy Realty by 33.6% during the 3rd 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 during the period. Fifth Third Bancorp increased its stake in shares of Kilroy Realty by 31.7% in the 4th quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust’s stock valued at $102,000 after acquiring an additional 607 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Kilroy Realty by 14.8% during the 4th quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 336 shares during the period. 94.22% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KRC. Mizuho reaffirmed a “neutral” rating and issued a $43.00 price target (down from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. Jefferies Financial Group downgraded Kilroy Realty from a “buy” rating to a “hold” rating and dropped their price target for the stock from $45.00 to $41.00 in a research note on Thursday, January 2nd. Evercore ISI raised their price objective on Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Barclays lowered their target price on Kilroy Realty from $43.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $44.00 price target on shares of Kilroy Realty in a research report on Monday. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $41.20.

Kilroy Realty Price Performance

Shares of NYSE:KRC opened at $35.78 on Wednesday. Kilroy Realty Co. has a 1-year low of $30.71 and a 1-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. The stock has a market cap of $4.22 billion, a PE ratio of 21.42 and a beta of 1.02. The stock’s fifty day simple moving average is $39.30 and its two-hundred day simple moving average is $38.47.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share for the quarter, beating 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 forecast that Kilroy Realty Co. will post 4.41 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 31st were given a $0.54 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.16 annualized dividend and a yield of 6.04%. Kilroy Realty’s dividend payout ratio is currently 129.34%.

Insider Buying and Selling at Kilroy Realty

In other news, insider Heidi Rena Roth sold 12,000 shares of Kilroy Realty stock in a transaction 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 sale, the insider now directly owns 50,211 shares in the company, valued at $2,122,921.08. The trade was a 19.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate 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.