Insider Selling: Kilroy Realty Co. (NYSE:KRC) Insider Sells 6,000 Shares of Stock

Kilroy Realty Co. (NYSE:KRC) insider A. Robert Paratte sold 6,000 shares of the firm’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $34.74, for a total value of $208,440.00. Following the completion of the sale, the insider now directly owns 86,744 shares in the company, valued at approximately $3,013,486.56. The trade was a 6.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Kilroy Realty Trading Up 0.1 %

NYSE:KRC opened at $35.05 on Wednesday. The firm has a market capitalization of $4.14 billion, a P/E ratio of 19.80 and a beta of 1.02. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.82. The company has a fifty day moving average of $35.69 and a 200 day moving average of $38.32. Kilroy Realty Co. has a 52 week low of $30.71 and a 52 week high of $43.78.

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

Kilroy Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be given a $0.54 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.16%. Kilroy Realty’s dividend payout ratio is currently 122.03%.

Hedge Funds Weigh In On Kilroy Realty

Hedge funds have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB purchased a new stake in Kilroy Realty in the third quarter worth $34,000. Summit Securities Group LLC purchased a new stake in shares of Kilroy Realty in the 4th quarter worth about $49,000. GAMMA Investing LLC boosted its stake in shares of Kilroy Realty by 25.4% during the 4th quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust’s stock valued at $75,000 after purchasing an additional 374 shares in the last quarter. GF Fund Management CO. LTD. purchased a new position in shares of Kilroy Realty during the fourth quarter valued at about $82,000. Finally, Fifth Third Bancorp raised its stake in Kilroy Realty by 31.7% in the fourth quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 607 shares in the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KRC. Mizuho reissued a “neutral” rating and issued a $43.00 target price (down previously from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. JPMorgan Chase & Co. upgraded Kilroy Realty from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $45.00 to $49.00 in a research report on Friday, December 20th. The Goldman Sachs Group reduced their price target on shares of Kilroy Realty from $48.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Wells Fargo & Company downgraded shares of Kilroy Realty from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $43.00 to $35.00 in a research note on Monday, March 10th. Finally, Evercore ISI cut their price objective on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target 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.