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 business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.28, for a total value of $507,360.00. Following the completion of the transaction, the insider now owns 50,211 shares in the company, valued at $2,122,921.08. The trade was a 19.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Kilroy Realty Price Performance

Shares of Kilroy Realty stock traded down $0.36 during trading hours on Wednesday, reaching $42.05. The company’s stock had a trading volume of 1,608,227 shares, compared to its average volume of 1,059,854. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 3.08. Kilroy Realty Co. has a one year low of $29.88 and a one year high of $43.78. The firm has a 50 day moving average price of $39.96 and a 200-day moving average price of $36.02. The stock has a market cap of $4.96 billion, a P/E ratio of 25.40 and a beta of 1.03.

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

Kilroy Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Monday, September 30th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 5.14%. The ex-dividend date was Monday, September 30th. Kilroy Realty’s dividend payout ratio is presently 129.34%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Wells Fargo & Company lowered their price target on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, September 11th. Evercore ISI upped their target price on shares of Kilroy Realty from $40.00 to $41.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Scotiabank downgraded shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price target on the stock. in a report on Thursday, November 14th. Finally, Barclays increased their price objective 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 research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Kilroy Realty presently has a consensus rating of “Hold” and an average target price of $39.43.

Institutional Trading of Kilroy Realty

Several institutional investors and hedge funds have recently modified their holdings of KRC. Assetmark Inc. increased its holdings in Kilroy Realty by 1.0% during the 3rd quarter. Assetmark Inc. now owns 26,792 shares of the real estate investment trust’s stock worth $1,037,000 after purchasing an additional 274 shares during the period. FMR LLC increased its stake in shares of Kilroy Realty by 2.2% during the third quarter. FMR LLC now owns 15,201 shares of the real estate investment trust’s stock valued at $588,000 after buying an additional 329 shares during the period. Commerce Bank raised its holdings in shares of Kilroy Realty by 3.0% in the third quarter. Commerce Bank now owns 11,574 shares of the real estate investment trust’s stock valued at $448,000 after acquiring an additional 342 shares in the last quarter. GAMMA Investing LLC lifted its stake in Kilroy Realty by 33.6% in the third quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 371 shares during the period. Finally, Mercer Global Advisors Inc. ADV grew its holdings in Kilroy Realty by 6.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,765 shares of the real estate investment trust’s stock worth $210,000 after acquiring an additional 383 shares in the last quarter. Institutional investors own 94.22% of the company’s stock.

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.