Kilroy Realty Co. (NYSE:KRC) EVP John Osmond Sells 4,000 Shares

Kilroy Realty Co. (NYSE:KRC) EVP John Osmond sold 4,000 shares of Kilroy Realty stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $35.16, for a total value of $140,640.00. Following the transaction, the executive vice president now directly owns 12,528 shares of the company’s stock, valued at $440,484.48. This trade represents a 24.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Kilroy Realty Trading Down 1.6 %

KRC traded down $0.55 during midday trading on Wednesday, hitting $34.52. The company’s stock had a trading volume of 1,796,681 shares, compared to its average volume of 1,101,181. Kilroy Realty Co. has a 52-week low of $30.71 and a 52-week high of $43.78. The firm has a 50-day moving average price of $35.69 and a two-hundred day moving average price of $38.32. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82. The firm has a market cap of $4.08 billion, a P/E ratio of 19.51 and a beta of 1.02.

Kilroy Realty (NYSE:KRC) last released its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts anticipate that Kilroy Realty Co. will post 4 earnings per share for the current year.

Kilroy Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 6.26%. The ex-dividend date is Monday, March 31st. Kilroy Realty’s payout ratio is currently 122.03%.

Institutional Investors Weigh In On Kilroy Realty

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Kilroy Realty during the 4th quarter worth about $366,356,000. Principal Financial Group Inc. raised its stake in shares of Kilroy Realty by 4.7% in the 4th quarter. Principal Financial Group Inc. now owns 4,862,310 shares of the real estate investment trust’s stock valued at $196,680,000 after acquiring an additional 218,163 shares during the period. Resolution Capital Ltd lifted its holdings in shares of Kilroy Realty by 12.6% during the 4th quarter. Resolution Capital Ltd now owns 4,487,655 shares of the real estate investment trust’s stock valued at $181,526,000 after acquiring an additional 500,635 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Kilroy Realty by 6.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,265,387 shares of the real estate investment trust’s stock worth $132,087,000 after purchasing an additional 193,291 shares during the period. Finally, T. Rowe Price Investment Management Inc. increased its holdings in Kilroy Realty by 29.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,003,920 shares of the real estate investment trust’s stock valued at $121,509,000 after purchasing an additional 680,870 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on KRC shares. Evercore ISI cut their target price 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. JPMorgan Chase & Co. upgraded Kilroy Realty from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $45.00 to $49.00 in a research report on Friday, December 20th. Jefferies Financial Group started coverage on Kilroy Realty in a report on Monday, March 17th. They set a “hold” rating and a $34.00 target price on the stock. The Goldman Sachs Group dropped their price target on Kilroy Realty from $48.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Finally, Wells Fargo & Company downgraded Kilroy Realty from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $43.00 to $35.00 in a research report on Monday, March 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price 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.