Kilroy Realty Co. (NYSE:KRC) EVP Sells $105,120.00 in Stock

Kilroy Realty Co. (NYSE:KRC) EVP John Osmond sold 2,628 shares of Kilroy Realty stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total value of $105,120.00. Following the transaction, the executive vice president now directly owns 8,818 shares in the company, valued at $352,720. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Kilroy Realty Trading Up 4.0 %

Shares of NYSE KRC traded up $1.53 during trading hours on Wednesday, hitting $39.99. 2,796,146 shares of the company traded hands, compared to its average volume of 1,034,194. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 22.98 and a beta of 1.04. The company has a current ratio of 3.61, a quick ratio of 3.61 and a debt-to-equity ratio of 0.91. The company’s 50 day moving average price is $35.20 and its 200 day moving average price is $34.20. Kilroy Realty Co. has a 12 month low of $26.78 and a 12 month high of $43.37.

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

Kilroy Realty Announces Dividend

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

Hedge Funds Weigh In On Kilroy Realty

Large investors have recently bought and sold shares of the business. Fidelis Capital Partners LLC purchased a new position in Kilroy Realty during the 1st quarter valued at $26,000. Wiser Advisor Group LLC boosted its holdings in Kilroy Realty by 67.5% during the 1st quarter. Wiser Advisor Group LLC now owns 757 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 305 shares during the period. Principal Securities Inc. purchased a new position in Kilroy Realty during the 4th quarter valued at $33,000. Blue Trust Inc. lifted its holdings in shares of Kilroy Realty by 1,322.9% in the 2nd quarter. Blue Trust Inc. now owns 1,366 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 1,270 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in shares of Kilroy Realty by 2,510.7% in the 2nd quarter. Versant Capital Management Inc now owns 1,462 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 1,406 shares during the period. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on KRC shares. Deutsche Bank Aktiengesellschaft decreased 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. Scotiabank reduced their price objective on Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. Evercore ISI lifted their price objective on Kilroy Realty from $38.00 to $40.00 and gave the stock an “in-line” rating in a research note on Monday. KeyCorp reduced their price objective on Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 2nd. Finally, Wells Fargo & Company reduced their price objective on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 11th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Kilroy Realty currently has an average rating of “Hold” and an average target price of $38.40.

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.