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 stock in a transaction 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 in the company, valued at approximately $2,122,921.08. The trade was a 19.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Kilroy Realty Stock Down 0.8 %

Shares of NYSE:KRC opened at $42.05 on Friday. The stock has a 50-day simple moving average of $40.03 and a 200-day simple moving average of $36.11. The stock has a market capitalization of $4.96 billion, a P/E ratio of 25.18 and a beta of 1.03. Kilroy Realty Co. has a 1 year low of $29.88 and a 1 year high of $43.78. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.08 and a current ratio of 3.08.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.60). Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. The business had revenue of $289.94 million for the quarter, compared to analysts’ expectations of $275.77 million. During the same quarter in the prior year, the firm earned $1.12 earnings per share. Kilroy Realty’s quarterly revenue was up 2.2% compared to the same quarter last year. Equities analysts forecast that Kilroy Realty Co. will post 4.41 earnings per share 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 issued a $0.54 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.16 annualized dividend and a yield of 5.14%. Kilroy Realty’s dividend payout ratio is currently 129.34%.

Analyst Upgrades and Downgrades

KRC has been the subject of a number of recent analyst reports. Wells Fargo & Company lowered their price objective on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a research report on Wednesday, September 11th. Barclays upped their price objective on shares of Kilroy Realty from $38.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Evercore ISI raised 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. Finally, Scotiabank lowered shares of 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, five have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $39.43.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. PGGM Investments grew 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 valued at $93,979,000 after buying an additional 1,385,692 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Kilroy Realty by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,171,717 shares of the real estate investment trust’s stock valued at $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 second quarter. Dimensional Fund Advisors LP now owns 1,720,268 shares of the real estate investment trust’s stock valued at $53,622,000 after purchasing an additional 42,811 shares during the period. Janus Henderson Group PLC raised its stake in shares of Kilroy Realty by 2,767.7% during 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. Finally, Federated Hermes Inc. lifted its position in shares of Kilroy Realty by 3.8% during the second quarter. Federated Hermes Inc. now owns 1,374,826 shares of the real estate investment trust’s stock worth $42,853,000 after purchasing an additional 50,619 shares in the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.

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.