Insider Selling: Kilroy Realty Co. (NYSE:KRC) Insider Sells 6,000 Shares of Stock

Kilroy Realty Co. (NYSE:KRC) insider A. Robert Paratte sold 6,000 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $34.74, for a total transaction of $208,440.00. Following the completion of the transaction, the insider now directly owns 86,744 shares in the company, valued at $3,013,486.56. This trade represents a 6.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Kilroy Realty Trading Up 0.1 %

NYSE KRC traded up $0.04 on Tuesday, hitting $35.05. 1,657,317 shares of the stock were exchanged, compared to its average volume of 1,097,508. 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 $30.71 and a 52-week high of $43.78. The firm has a market capitalization of $4.14 billion, a P/E ratio of 19.80 and a beta of 1.02. The stock has a fifty day moving average price of $35.73 and a two-hundred day moving average price of $38.32.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.17. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. Research analysts forecast that Kilroy Realty Co. will post 4 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be issued a $0.54 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.16 annualized dividend and a dividend yield of 6.16%. Kilroy Realty’s payout ratio is 122.03%.

Institutional Investors Weigh In On Kilroy Realty

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vestcor Inc increased its stake in Kilroy Realty by 289.0% in the third quarter. Vestcor Inc now owns 34,313 shares of the real estate investment trust’s stock worth $1,328,000 after purchasing an additional 25,492 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Kilroy Realty by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,171,717 shares of the real estate investment trust’s stock valued at $84,045,000 after buying an additional 27,660 shares in the last quarter. GAMMA Investing LLC boosted its position in Kilroy Realty by 25.4% in the 4th quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust’s stock valued at $75,000 after buying an additional 374 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Kilroy Realty by 428.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 850,975 shares of the real estate investment trust’s stock worth $32,933,000 after acquiring an additional 689,962 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in Kilroy Realty by 6.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 111,262 shares of the real estate investment trust’s stock worth $4,306,000 after acquiring an additional 7,129 shares in the last quarter. 94.22% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Evercore ISI reduced their price target on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating on the stock in a report on Wednesday, February 12th. Jefferies Financial Group initiated coverage on Kilroy Realty in a research note on Monday, March 17th. They set a “hold” rating and a $34.00 price target for the company. Royal Bank of Canada cut their price target on Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating for the company in a report on Monday, March 10th. Wells Fargo & Company cut Kilroy Realty from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $43.00 to $35.00 in a report on Monday, March 10th. Finally, JPMorgan Chase & Co. raised shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and raised their target price for the company from $45.00 to $49.00 in a report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $40.09.

Kilroy Realty Company 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.