Kilroy Realty Co. (NYSE:KRC) EVP John Osmond Sells 4,000 Shares of Stock

Kilroy Realty Co. (NYSE:KRC) EVP John Osmond sold 4,000 shares of the company’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $35.16, for a total transaction of $140,640.00. Following the completion of the transaction, the executive vice president now owns 12,528 shares in the company, valued at approximately $440,484.48. This trade represents a 24.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Kilroy Realty Stock Performance

Shares of Kilroy Realty stock opened at $34.52 on Thursday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82. The company has a market cap of $4.08 billion, a PE ratio of 19.51 and a beta of 1.02. The company has a 50 day moving average of $35.62 and a 200-day moving average of $38.29. Kilroy Realty Co. has a 1-year low of $30.71 and a 1-year high of $43.78.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. As a group, equities research analysts forecast that Kilroy Realty Co. will post 4 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 6.26%. The ex-dividend date is Monday, March 31st. Kilroy Realty’s payout ratio is 122.03%.

Institutional Investors Weigh In On Kilroy Realty

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Kilroy Realty during the fourth quarter worth $366,356,000. Principal Financial Group Inc. grew its holdings in shares of Kilroy Realty by 4.7% during the fourth quarter. Principal Financial Group Inc. now owns 4,862,310 shares of the real estate investment trust’s stock worth $196,680,000 after purchasing an additional 218,163 shares during the last quarter. Resolution Capital Ltd increased its stake in shares of Kilroy Realty by 12.6% in the fourth quarter. Resolution Capital Ltd now owns 4,487,655 shares of the real estate investment trust’s stock valued at $181,526,000 after buying an additional 500,635 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Kilroy Realty by 6.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,265,387 shares of the real estate investment trust’s stock valued at $132,087,000 after buying an additional 193,291 shares during the period. Finally, T. Rowe Price Investment Management Inc. raised its holdings in Kilroy Realty by 29.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,003,920 shares of the real estate investment trust’s stock valued at $121,509,000 after buying an additional 680,870 shares during the last quarter. 94.22% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Royal Bank of Canada decreased their target price on Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating on the stock in a research report on Monday, March 10th. Evercore ISI decreased their price objective on Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating on the stock in a report on Wednesday, February 12th. Wells Fargo & Company downgraded Kilroy Realty from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $43.00 to $35.00 in a report on Monday, March 10th. Jefferies Financial Group began coverage on shares of Kilroy Realty in a research note on Monday, March 17th. They issued a “hold” rating and a $34.00 price target on the stock. Finally, JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $45.00 to $49.00 in a research note on Friday, December 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $40.09.

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.