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

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

Kilroy Realty Stock Down 0.8 %

KRC stock opened at $34.23 on Friday. The firm has a 50 day moving average of $35.54 and a 200 day moving average of $38.26. The stock has a market capitalization of $4.04 billion, a PE ratio of 19.34 and a beta of 1.02. Kilroy Realty Co. has a 52 week low of $30.71 and a 52 week high of $43.78. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.82.

Kilroy Realty (NYSE:KRC) last released its 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%. Sell-side analysts forecast that Kilroy Realty Co. will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.31%. The ex-dividend date of this dividend is Monday, March 31st. Kilroy Realty’s dividend payout ratio (DPR) is 122.03%.

Institutional Investors Weigh In On Kilroy Realty

A number of large investors have recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Kilroy Realty during the fourth quarter worth $366,356,000. Rush Island Management LP acquired a new stake in Kilroy Realty during the 4th quarter worth about $109,502,000. Bamco Inc. NY purchased a new position in shares of Kilroy Realty during the 4th quarter valued at about $58,747,000. Northern Trust Corp lifted its holdings in shares of Kilroy Realty by 107.5% in the 4th quarter. Northern Trust Corp now owns 2,096,471 shares of the real estate investment trust’s stock valued at $84,802,000 after buying an additional 1,085,914 shares during the period. Finally, Deutsche Bank AG raised its position in Kilroy Realty by 1,226.2% during the fourth quarter. Deutsche Bank AG now owns 815,491 shares of the real estate investment trust’s stock valued at $32,987,000 after acquiring an additional 753,999 shares in the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on KRC shares. Jefferies Financial Group began coverage on shares of Kilroy Realty in a report on Monday, March 17th. They issued a “hold” rating and a $34.00 price target for the company. Evercore ISI reduced 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. Wells Fargo & Company cut Kilroy Realty from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $43.00 to $35.00 in a research report on Monday, March 10th. Barclays raised Kilroy Realty from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $42.00 to $44.00 in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. raised Kilroy Realty from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $45.00 to $49.00 in a research report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $40.09.

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.