Kilroy Realty Co. (NYSE:KRC) Insider Sells $507,360.00 in Stock

Kilroy Realty Co. (NYSE:KRC) insider Heidi Rena Roth sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.28, for a total transaction of $507,360.00. Following the completion of the sale, the insider now owns 50,211 shares of the company’s stock, valued at $2,122,921.08. This trade represents a 19.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Kilroy Realty Stock Performance

Shares of NYSE KRC opened at $41.60 on Friday. The company has a market cap of $4.91 billion, a PE ratio of 24.91 and a beta of 1.03. Kilroy Realty Co. has a 12 month low of $30.71 and a 12 month high of $43.78. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 3.08. The company has a 50-day simple moving average of $40.06 and a 200-day simple moving average of $36.16.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.60). The firm had revenue of $289.94 million for the quarter, compared to analysts’ expectations of $275.77 million. Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.12 earnings per share. On average, equities analysts anticipate that Kilroy Realty Co. will post 4.41 earnings per share for the current year.

Kilroy Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Monday, September 30th were given a $0.54 dividend. The ex-dividend date was Monday, September 30th. This represents a $2.16 annualized dividend and a dividend yield of 5.19%. Kilroy Realty’s dividend payout ratio is presently 129.34%.

Analysts Set New Price Targets

KRC has been the subject of several recent analyst reports. Scotiabank cut shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price objective for the company. in a research note on Thursday, November 14th. Evercore ISI raised their target price on shares of Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Wells Fargo & Company dropped their target price on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, September 11th. Finally, Barclays raised their target price on shares of Kilroy Realty from $38.00 to $44.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $39.43.

Institutional Investors Weigh In On Kilroy Realty

Hedge funds have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of Kilroy Realty in the third quarter worth approximately $34,000. UMB Bank n.a. lifted its position in Kilroy Realty by 126.5% during the third quarter. UMB Bank n.a. now owns 967 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 540 shares in the last quarter. Blue Trust Inc. lifted its position in Kilroy Realty by 1,322.9% during the second quarter. Blue Trust Inc. now owns 1,366 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 1,270 shares in the last quarter. Versant Capital Management Inc lifted its position in Kilroy Realty by 2,510.7% during the second quarter. Versant Capital Management Inc now owns 1,462 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 1,406 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Kilroy Realty by 33.6% during the third quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 371 shares in the last quarter. 94.22% of the stock is owned by institutional investors and hedge funds.

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.