Insider Selling: Kilroy Realty Co. (NYSE:KRC) EVP Sells $140,640.00 in Stock

Kilroy Realty Co. (NYSE:KRC) EVP John Osmond sold 4,000 shares of the business’s stock in a transaction on 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 directly owns 12,528 shares in the company, valued at approximately $440,484.48. This represents a 24.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Kilroy Realty Stock Performance

Kilroy Realty stock opened at $33.26 on Friday. Kilroy Realty Co. has a 1 year low of $30.71 and a 1 year high of $43.78. The company’s 50-day moving average is $35.43 and its two-hundred day moving average is $38.25. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82. The company has a market cap of $3.93 billion, a PE ratio of 18.79 and a beta of 1.02.

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

Kilroy Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders 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 yield of 6.50%. The ex-dividend date of this dividend is Monday, March 31st. Kilroy Realty’s dividend payout ratio (DPR) is currently 122.03%.

Institutional Trading of Kilroy Realty

Institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank bought a new stake in Kilroy Realty in the fourth quarter valued at approximately $366,356,000. Principal Financial Group Inc. increased its position in shares of Kilroy Realty by 4.7% in the 4th quarter. Principal Financial Group Inc. now owns 4,862,310 shares of the real estate investment trust’s stock valued at $196,680,000 after buying an additional 218,163 shares in the last quarter. Resolution Capital Ltd grew its stake in Kilroy Realty by 12.6% in the fourth quarter. Resolution Capital Ltd now owns 4,487,655 shares of the real estate investment trust’s stock valued at $181,526,000 after acquiring an additional 500,635 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Kilroy Realty by 6.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,265,387 shares of the real estate investment trust’s stock worth $132,087,000 after purchasing an additional 193,291 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its holdings in Kilroy Realty by 29.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,003,920 shares of the real estate investment trust’s stock worth $121,509,000 after buying an additional 680,870 shares during the period. 94.22% of the stock is owned by institutional investors.

Analyst Ratings Changes

KRC has been the topic of several recent analyst reports. Royal Bank of Canada reduced their target price on shares of Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating on the stock in a research note on Monday, March 10th. JPMorgan Chase & Co. raised shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $45.00 to $49.00 in a research note on Friday, December 20th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $36.00 target price (down previously from $42.00) on shares of Kilroy Realty in a research note on Friday. Mizuho restated a “neutral” rating and set a $43.00 price target (down from $45.00) on shares of Kilroy Realty in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company downgraded Kilroy Realty from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $43.00 to $35.00 in a research report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Kilroy Realty presently has a consensus rating of “Hold” and an average target price of $39.55.

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.