Kilroy Realty Co. (NYSE:KRC) CEO Purchases $99,153.65 in Stock

Kilroy Realty Co. (NYSE:KRC) CEO Angela M. Aman bought 2,797 shares of the stock in a transaction dated Friday, February 28th. The stock was bought at an average price of $35.45 per share, with a total value of $99,153.65. Following the acquisition, the chief executive officer now owns 2,797 shares in the company, valued at approximately $99,153.65. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Kilroy Realty Stock Up 0.5 %

KRC stock opened at $35.72 on Friday. The company has a fifty day moving average price of $37.59 and a 200 day moving average price of $38.41. Kilroy Realty Co. has a 12 month low of $30.71 and a 12 month high of $43.78. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 20.18 and a beta of 1.02. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.21 and a quick ratio of 2.21.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $1.20 EPS for the quarter, topping 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%. Sell-side analysts expect that Kilroy Realty Co. will post 4 earnings per share for the current year.

Kilroy Realty Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be issued a $0.54 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.05%. Kilroy Realty’s dividend payout ratio is presently 122.03%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KRC. Royal Bank of Canada restated a “sector perform” rating and issued a $44.00 target price on shares of Kilroy Realty in a report on Monday, February 10th. Barclays upgraded shares of Kilroy Realty from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $42.00 to $44.00 in a report on Thursday. JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and upped their target price for the company from $45.00 to $49.00 in a report on Friday, December 20th. The Goldman Sachs Group lowered their target price on shares of Kilroy Realty from $48.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Finally, Scotiabank cut shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 target price for the company. in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $41.45.

Hedge Funds Weigh In On Kilroy Realty

Large investors have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB purchased a new position in shares of Kilroy Realty in the 3rd quarter valued at about $34,000. Summit Securities Group LLC purchased a new position in shares of Kilroy Realty in the 4th quarter valued at about $49,000. GAMMA Investing LLC increased its holdings in shares of Kilroy Realty by 25.4% in the 4th quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust’s stock valued at $75,000 after purchasing an additional 374 shares in the last quarter. GF Fund Management CO. LTD. purchased a new position in shares of Kilroy Realty in the 4th quarter valued at about $82,000. Finally, Fifth Third Bancorp increased its holdings in shares of Kilroy Realty by 31.7% in the 4th quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust’s stock valued at $102,000 after purchasing an additional 607 shares in the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.

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.