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

Kilroy Realty Co. (NYSE:KRC) CAO Merryl Elizabeth Werber sold 3,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total value of $117,420.00. Following the completion of the transaction, the chief accounting officer now directly owns 26,401 shares of the company’s stock, valued at $1,033,335.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Kilroy Realty Stock Up 2.0 %

Shares of NYSE:KRC opened at $40.80 on Friday. The company has a quick ratio of 3.61, a current ratio of 3.61 and a debt-to-equity ratio of 0.91. The firm has a market cap of $4.79 billion, a P/E ratio of 23.45 and a beta of 1.04. Kilroy Realty Co. has a 12 month low of $26.78 and a 12 month high of $43.37. The company’s 50-day moving average price is $35.33 and its two-hundred day moving average price is $34.24.

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

Kilroy Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Monday, September 30th will be given a $0.54 dividend. The ex-dividend date is Monday, September 30th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.29%. Kilroy Realty’s dividend payout ratio is 124.14%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on KRC shares. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Kilroy Realty from $40.00 to $34.00 and set a “hold” rating for the company in a research note on Thursday, May 30th. Evercore ISI upped their price objective on Kilroy Realty from $38.00 to $40.00 and gave the company an “in-line” rating in a research note on Monday. Scotiabank cut their target price on 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 lowered their price target on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 11th. Finally, KeyCorp cut their price objective on Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, July 2nd. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Kilroy Realty has a consensus rating of “Hold” and an average price target of $38.40.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of KRC. Parallel Advisors LLC raised its holdings in Kilroy Realty by 6.4% in the fourth quarter. Parallel Advisors LLC now owns 4,932 shares of the real estate investment trust’s stock worth $196,000 after purchasing an additional 295 shares during the period. Wiser Advisor Group LLC raised its stake 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 worth $28,000 after buying an additional 305 shares during the period. State of Alaska Department of Revenue lifted its holdings in Kilroy Realty by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 67,153 shares of the real estate investment trust’s stock worth $2,444,000 after acquiring an additional 349 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake in Kilroy Realty by 6.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 6,765 shares of the real estate investment trust’s stock valued at $210,000 after acquiring an additional 383 shares during the period. Finally, Ballentine Partners LLC increased its holdings in shares of Kilroy Realty by 2.7% in the first quarter. Ballentine Partners LLC now owns 16,809 shares of the real estate investment trust’s stock worth $612,000 after acquiring an additional 438 shares in the last quarter. 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.