Insider Selling: 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 the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total value of $105,120.00. Following the completion of the transaction, the executive vice president now directly owns 8,818 shares of the company’s stock, valued at $352,720. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Kilroy Realty Stock Down 2.0 %

Kilroy Realty stock opened at $39.99 on Friday. 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 stock has a 50 day moving average of $35.42 and a two-hundred day moving average of $34.26. Kilroy Realty Co. has a twelve month low of $26.78 and a twelve month high of $43.37.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.67). The firm had revenue of $280.73 million during 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%. The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the business earned $1.19 earnings per share. As a group, research analysts expect that Kilroy Realty Co. will post 4.25 earnings per share for the current year.

Kilroy Realty Dividend Announcement

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 issued a dividend of $0.54 per share. The ex-dividend date is Monday, September 30th. This represents a $2.16 annualized dividend and a yield of 5.40%. Kilroy Realty’s dividend payout ratio is currently 124.14%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on KRC shares. Wells Fargo & Company lowered their target price on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft decreased 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. KeyCorp cut their target price on Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 2nd. Scotiabank decreased 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. Finally, Evercore ISI lifted their price target on Kilroy Realty from $38.00 to $40.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $38.40.

Institutional Investors Weigh In On Kilroy Realty

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Kilroy Realty by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 16,997,240 shares of the real estate investment trust’s stock worth $677,170,000 after buying an additional 91,022 shares in the last quarter. Norges Bank purchased a new stake in shares of Kilroy Realty in the fourth quarter valued at approximately $360,831,000. APG Asset Management US Inc. grew its holdings in Kilroy Realty by 5.0% during the fourth quarter. APG Asset Management US Inc. now owns 5,380,747 shares of the real estate investment trust’s stock worth $214,369,000 after acquiring an additional 255,835 shares during the period. Price T Rowe Associates Inc. MD raised its position in Kilroy Realty by 18.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,162,748 shares of the real estate investment trust’s stock worth $115,220,000 after acquiring an additional 487,556 shares in the last quarter. Finally, PGGM Investments lifted its holdings in 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 acquiring an additional 1,385,692 shares during the period. Institutional investors and hedge funds own 94.22% of the company’s stock.

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.