Kilroy Realty Co. (NYSE:KRC) EVP Sells $105,120.00 in Stock

Kilroy Realty Co. (NYSE:KRC) EVP John Osmond sold 2,628 shares of Kilroy Realty stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total transaction of $105,120.00. Following the transaction, the executive vice president now owns 8,818 shares of the company’s stock, valued at $352,720. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Kilroy Realty Price Performance

Shares of NYSE:KRC opened at $40.80 on Friday. The company has a market capitalization of $4.79 billion, a P/E ratio of 23.45 and a beta of 1.04. The company’s 50-day moving average is $35.33 and its 200 day moving average is $34.24. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.61 and a current ratio of 3.61. Kilroy Realty Co. has a fifty-two week low of $26.78 and a fifty-two week high of $43.37.

Kilroy Realty (NYSE:KRC) last released its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.67). Kilroy Realty had a net margin of 17.91% and a return on equity of 3.52%. The company had revenue of $280.73 million during the quarter, compared to analysts’ expectations of $276.81 million. During the same quarter in the previous year, the firm earned $1.19 earnings per share. The firm’s revenue was down 1.2% compared to the same quarter last year. On average, equities research analysts forecast that Kilroy Realty Co. will post 4.25 earnings per share for the current year.

Kilroy Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date of this dividend is Monday, September 30th. Kilroy Realty’s dividend payout ratio is currently 124.14%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank purchased a new stake in Kilroy Realty during the fourth quarter valued at about $360,831,000. Janus Henderson Group PLC raised its position in shares of Kilroy Realty by 2,767.7% in the first quarter. Janus Henderson Group PLC now owns 1,648,027 shares of the real estate investment trust’s stock valued at $59,991,000 after purchasing an additional 1,590,558 shares during the period. PGGM Investments lifted its stake in shares of Kilroy Realty by 85.0% during the 2nd quarter. PGGM Investments now owns 3,015,046 shares of the real estate investment trust’s stock valued at $93,979,000 after buying an additional 1,385,692 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Kilroy Realty by 18.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,162,748 shares of the real estate investment trust’s stock valued at $115,220,000 after buying an additional 487,556 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in Kilroy Realty by 139.4% in the 1st quarter. Sei Investments Co. now owns 693,552 shares of the real estate investment trust’s stock worth $25,266,000 after buying an additional 403,807 shares during the period. Institutional investors own 94.22% of the company’s stock.

Wall Street Analyst Weigh In

KRC has been the subject of a number of analyst reports. Scotiabank cut their price target on Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. Evercore ISI upped their price target on Kilroy Realty from $38.00 to $40.00 and gave the stock an “in-line” rating in a report on Monday. KeyCorp dropped their price objective on Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Kilroy Realty from $40.00 to $34.00 and set a “hold” rating for the company in a research note on Thursday, May 30th. Finally, Wells Fargo & Company dropped their price target on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 11th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $38.40.

About Kilroy Realty

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.