Daiwa Securities Group Inc. reduced its position in Kilroy Realty Co. (NYSE:KRC – Get Rating) by 2.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 28,793 shares of the real estate investment trust’s stock after selling 871 shares during the period. Daiwa Securities Group Inc.’s holdings in Kilroy Realty were worth $1,113,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KRC. Neo Ivy Capital Management bought a new stake in Kilroy Realty in the 3rd quarter valued at about $30,000. Wipfli Financial Advisors LLC bought a new stake in Kilroy Realty in the 3rd quarter valued at about $45,000. Signaturefd LLC raised its stake in Kilroy Realty by 257.5% in the 4th quarter. Signaturefd LLC now owns 1,505 shares of the real estate investment trust’s stock valued at $58,000 after acquiring an additional 1,084 shares during the period. Captrust Financial Advisors bought a new stake in Kilroy Realty in the 2nd quarter valued at about $59,000. Finally, Guardian Wealth Advisors LLC bought a new stake in Kilroy Realty in the 3rd quarter valued at about $75,000. 89.86% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on KRC. Mizuho lowered their price objective on Kilroy Realty from $55.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, January 4th. StockNews.com assumed coverage on Kilroy Realty in a report on Thursday, March 16th. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft reduced their target price on Kilroy Realty from $46.00 to $41.00 in a report on Wednesday, March 1st. The Goldman Sachs Group assumed coverage on Kilroy Realty in a report on Tuesday, March 21st. They set a “buy” rating and a $41.00 target price for the company. Finally, Wells Fargo & Company reduced their target price on Kilroy Realty from $46.00 to $36.00 and set an “overweight” rating for the company in a report on Thursday, March 16th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Kilroy Realty has an average rating of “Hold” and an average target price of $48.38.
Kilroy Realty Stock Down 0.7 %
Kilroy Realty Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 12th. Shareholders of record on Friday, March 31st were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 7.89%. The ex-dividend date was Thursday, March 30th. Kilroy Realty’s dividend payout ratio is currently 107.46%.
Kilroy Realty Profile
Kilroy Realty Corp. operates as a self-administered real estate investment trust, which engages in the development, acquisition, and management of office and mixed-use real estate assets. It owns, develops, acquires and manages real estate assets, consisting primarily of Class A properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area, and Greater Seattle.
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