Kilroy Realty Co. (NYSE:KRC) CAO Merryl Elizabeth Werber Sells 3,000 Shares

Kilroy Realty Co. (NYSE:KRC) CAO Merryl Elizabeth Werber sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $39.14, for a total value of $117,420.00. Following the transaction, the chief accounting officer now owns 26,401 shares of the company’s stock, valued at approximately $1,033,335.14. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Kilroy Realty Trading Up 4.0 %

Shares of NYSE KRC traded up $1.53 during mid-day trading on Wednesday, hitting $39.99. 2,796,466 shares of the company traded hands, compared to its average volume of 1,034,194. The company has a quick ratio of 3.61, a current ratio of 3.61 and a debt-to-equity ratio of 0.91. Kilroy Realty Co. has a 1 year low of $26.78 and a 1 year high of $43.37. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 22.11 and a beta of 1.04. The business has a 50 day moving average of $35.04 and a two-hundred day moving average of $34.16.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.67). The firm had revenue of $280.73 million for the quarter, compared to analysts’ expectations of $276.81 million. Kilroy Realty had a net margin of 17.91% and a return on equity of 3.52%. Kilroy Realty’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.19 earnings per share. On average, sell-side analysts anticipate that Kilroy Realty Co. will post 4.25 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Monday, September 30th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date is Monday, September 30th. Kilroy Realty’s dividend payout ratio is 124.14%.

Analyst Ratings Changes

KRC has been the subject of several recent research reports. Scotiabank lowered their price target on shares of Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Wells Fargo & Company decreased their target price on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a research report on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft cut their target price on Kilroy Realty from $40.00 to $34.00 and set a “hold” rating on the stock in a research note on Thursday, May 30th. Evercore ISI increased their price target on Kilroy Realty from $38.00 to $40.00 and gave the stock an “in-line” rating in a research note on Monday. Finally, KeyCorp lowered their target price on shares of Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 2nd. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $38.40.

Institutional Trading of Kilroy Realty

Large investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Kilroy Realty during the fourth quarter valued at $360,831,000. Janus Henderson Group PLC boosted its position in Kilroy Realty by 2,767.7% during 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 acquiring an additional 1,590,558 shares during the period. PGGM Investments grew its stake in Kilroy Realty by 85.0% during the 2nd quarter. PGGM Investments now owns 3,015,046 shares of the real estate investment trust’s stock valued at $93,979,000 after acquiring an additional 1,385,692 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Kilroy Realty by 18.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,162,748 shares of the real estate investment trust’s stock valued at $115,220,000 after purchasing an additional 487,556 shares during the period. Finally, Sei Investments Co. lifted its position in shares of Kilroy Realty by 139.4% in the first quarter. Sei Investments Co. now owns 693,552 shares of the real estate investment trust’s stock worth $25,266,000 after purchasing an additional 403,807 shares in the last quarter. 94.22% of the stock is owned by institutional investors and hedge funds.

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.