Kilroy Realty Co. (NYSE:KRC) Short Interest Update

Kilroy Realty Co. (NYSE:KRC) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 7,020,000 shares, a growth of 28.1% from the December 15th total of 5,480,000 shares. Based on an average daily volume of 1,110,000 shares, the days-to-cover ratio is currently 6.3 days. Currently, 6.1% of the shares of the stock are sold short.

Kilroy Realty Price Performance

KRC stock traded up $0.71 during midday trading on Friday, hitting $38.97. The company’s stock had a trading volume of 1,081,931 shares, compared to its average volume of 1,014,502. Kilroy Realty has a 12 month low of $30.71 and a 12 month high of $43.78. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $4.60 billion, a price-to-earnings ratio of 23.33 and a beta of 1.02. The company has a 50 day moving average of $40.03 and a two-hundred day moving average of $37.99.

Kilroy Realty (NYSE:KRC) last released 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). Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. The firm had revenue of $289.94 million for the quarter, compared to analysts’ expectations of $275.77 million. During the same period in the prior year, the firm posted $1.12 earnings per share. Kilroy Realty’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, analysts expect that Kilroy Realty will post 4.42 EPS for the current year.

Kilroy Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 31st were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.16 dividend on an annualized basis and a yield of 5.54%. Kilroy Realty’s payout ratio is 129.34%.

Insider Activity at Kilroy Realty

In related news, insider Heidi Rena Roth sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.28, for a total value of $507,360.00. Following the sale, the insider now directly owns 50,211 shares of the company’s stock, valued at $2,122,921.08. This trade represents a 19.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.49% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kilroy Realty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its stake in shares of 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 worth $84,045,000 after acquiring an additional 27,660 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Kilroy Realty by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,720,268 shares of the real estate investment trust’s stock worth $53,622,000 after acquiring an additional 42,811 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Kilroy Realty by 45.9% during the 2nd quarter. AQR Capital Management LLC now owns 851,398 shares of the real estate investment trust’s stock worth $26,393,000 after acquiring an additional 267,825 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Kilroy Realty by 428.5% during 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, Victory Capital Management Inc. raised its stake in shares of Kilroy Realty by 585.2% during the 3rd quarter. Victory Capital Management Inc. now owns 830,311 shares of the real estate investment trust’s stock worth $32,133,000 after acquiring an additional 709,126 shares in the last quarter. Institutional investors own 94.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Evercore ISI lifted their price target 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. Barclays cut their price target on shares of Kilroy Realty from $44.00 to $43.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Mizuho reaffirmed a “neutral” rating and issued a $43.00 price target (down previously from $45.00) on shares of Kilroy Realty in a research report on Tuesday, January 7th. JPMorgan Chase & Co. raised Kilroy Realty from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $45.00 to $49.00 in a research report on Friday, December 20th. Finally, Scotiabank lowered Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price target for the company. in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Kilroy Realty has an average rating of “Hold” and an average price target of $40.80.

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.