Insider Selling: Kilroy Realty Co. (NYSE:KRC) CAO Sells $117,420.00 in Stock

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

Kilroy Realty Trading Down 2.0 %

Shares of NYSE:KRC opened at $39.99 on Friday. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of 22.98 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 fifty day simple moving average is $35.42 and its 200 day simple moving average is $34.26. The company has a quick ratio of 3.61, a current ratio of 3.61 and a debt-to-equity ratio of 0.91.

Kilroy Realty (NYSE:KRC) last released 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). The firm had revenue of $280.73 million during the quarter, compared to analyst estimates 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 business earned $1.19 EPS. As a group, research analysts forecast that Kilroy Realty Co. will post 4.25 EPS for the current fiscal year.

Kilroy Realty Dividend Announcement

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

Institutional Trading of Kilroy Realty

Institutional investors have recently made changes to their positions in the business. Norges Bank bought a new position in Kilroy Realty in the fourth quarter valued at $360,831,000. Janus Henderson Group PLC boosted its stake in shares of Kilroy Realty by 2,767.7% during the 1st quarter. Janus Henderson Group PLC now owns 1,648,027 shares of the real estate investment trust’s stock worth $59,991,000 after buying an additional 1,590,558 shares during the last quarter. PGGM Investments grew its holdings in shares of Kilroy Realty by 85.0% in the 2nd 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 in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of 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 valued at $115,220,000 after acquiring an additional 487,556 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in Kilroy Realty by 139.4% during the first quarter. Sei Investments Co. now owns 693,552 shares of the real estate investment trust’s stock worth $25,266,000 after acquiring an additional 403,807 shares in the last quarter. Institutional investors own 94.22% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on KRC. Wells Fargo & Company decreased their price objective on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, September 11th. KeyCorp decreased their target price on Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating for the company in a research report on Tuesday, July 2nd. Scotiabank cut their price target on shares of Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. 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 report on Thursday, May 30th. Finally, Evercore ISI increased their target price on shares of Kilroy Realty from $38.00 to $40.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.