Sumitomo Mitsui Trust Holdings Inc. Has $6.72 Million Position in Kilroy Realty Co. (KRC)

Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Kilroy Realty Co. (NYSE:KRC) by 5.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 94,727 shares of the real estate investment trust’s stock after acquiring an additional 4,485 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.10% of Kilroy Realty worth $6,722,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Glassman Wealth Services boosted its holdings in shares of Kilroy Realty by 75.5% during the 1st quarter. Glassman Wealth Services now owns 1,771 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 762 shares in the last quarter. MANA Advisors LLC bought a new stake in shares of Kilroy Realty during the 4th quarter valued at $219,000. Lourd Capital LLC bought a new stake in shares of Kilroy Realty during the 4th quarter valued at $290,000. Ellington Management Group LLC bought a new stake in shares of Kilroy Realty during the 4th quarter valued at $426,000. Finally, Vident Investment Advisory LLC boosted its holdings in shares of Kilroy Realty by 79.0% during the 4th quarter. Vident Investment Advisory LLC now owns 5,914 shares of the real estate investment trust’s stock valued at $441,000 after buying an additional 2,610 shares in the last quarter. Institutional investors and hedge funds own 97.80% of the company’s stock.

In other news, CFO Tyler H. Rose sold 15,000 shares of the company’s stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $71.86, for a total transaction of $1,077,900.00. Following the completion of the sale, the chief financial officer now owns 110,056 shares of the company’s stock, valued at approximately $7,908,624.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Justin William Smart sold 3,156 shares of the company’s stock in a transaction dated Saturday, June 9th. The shares were sold at an average price of $73.34, for a total transaction of $231,461.04. The disclosure for this sale can be found here. In the last three months, insiders sold 29,763 shares of company stock valued at $2,168,983. 2.22% of the stock is owned by insiders.

A number of analysts have recently commented on the stock. TheStreet upgraded shares of Kilroy Realty from a “c+” rating to a “b-” rating in a report on Thursday, May 10th. Stifel Nicolaus upped their price target on shares of Kilroy Realty from $77.00 to $78.00 and gave the stock a “buy” rating in a research note on Tuesday, May 1st. BMO Capital Markets reiterated a “buy” rating and issued a $77.00 price target on shares of Kilroy Realty in a research note on Thursday, April 26th. Robert W. Baird set a $75.00 price target on shares of Kilroy Realty and gave the stock a “hold” rating in a research note on Monday, February 5th. Finally, Zacks Investment Research upgraded shares of Kilroy Realty from a “sell” rating to a “hold” rating in a research note on Wednesday, March 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. Kilroy Realty presently has an average rating of “Hold” and a consensus price target of $76.40.

Shares of Kilroy Realty opened at $72.15 on Friday, MarketBeat.com reports. Kilroy Realty Co. has a fifty-two week low of $72.14 and a fifty-two week high of $73.20. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $7.16 billion, a price-to-earnings ratio of 20.48, a price-to-earnings-growth ratio of 2.71 and a beta of 0.66.

Kilroy Realty (NYSE:KRC) last issued its earnings results on Wednesday, April 25th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.54). Kilroy Realty had a return on equity of 4.27% and a net margin of 23.16%. The business had revenue of $182.80 million during the quarter, compared to analysts’ expectations of $178.02 million. During the same period last year, the firm posted $0.81 EPS. Kilroy Realty’s quarterly revenue was up 2.0% compared to the same quarter last year. sell-side analysts forecast that Kilroy Realty Co. will post 3.59 earnings per share for the current year.

Kilroy Realty Profile

Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast's premier landlords. The company has over 70 years of experience developing, acquiring and managing office and mixed-use real estate assets. The company provides physical work environments that foster creativity and productivity and serves a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies.

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Institutional Ownership by Quarter for Kilroy Realty (NYSE:KRC)

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