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 that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.28, for a total transaction of $507,360.00. Following the transaction, the insider now directly owns 50,211 shares of the company’s stock, valued at $2,122,921.08. This represents a 19.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Kilroy Realty Stock Performance

KRC traded down $0.36 during midday trading on Wednesday, hitting $42.05. 1,608,227 shares of the company traded hands, compared to its average volume of 1,059,854. The company’s 50-day moving average is $39.96 and its 200 day moving average is $36.02. Kilroy Realty Co. has a 52 week low of $29.88 and a 52 week high of $43.78. The firm has a market capitalization of $4.96 billion, a PE ratio of 25.40 and a beta of 1.03. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.89.

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

Kilroy Realty Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Barclays lifted their price objective on Kilroy Realty from $38.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. 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 note on Wednesday, September 11th. Scotiabank lowered 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. Finally, 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 note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Kilroy Realty has an average rating of “Hold” and a consensus target price of $39.43.

Institutional Investors Weigh In On Kilroy Realty

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Janus Henderson Group PLC raised its holdings in Kilroy Realty by 2,767.7% in the 1st quarter. Janus Henderson Group PLC now owns 1,648,027 shares of the real estate investment trust’s stock worth $59,991,000 after purchasing an additional 1,590,558 shares during the period. PGGM Investments raised its stake in shares of Kilroy Realty by 85.0% in the second quarter. PGGM Investments now owns 3,015,046 shares of the real estate investment trust’s stock worth $93,979,000 after buying an additional 1,385,692 shares during the period. Victory Capital Management Inc. lifted its position 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 valued at $32,133,000 after buying an additional 709,126 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew 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 valued at $32,933,000 after acquiring an additional 689,962 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in Kilroy Realty by 639.6% in the 2nd quarter. Renaissance Technologies LLC now owns 314,700 shares of the real estate investment trust’s stock worth $9,809,000 after acquiring an additional 272,148 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.