Heidi Rena Roth Sells 12,000 Shares of Kilroy Realty Co. (NYSE:KRC) Stock

Kilroy Realty Co. (NYSE:KRC) insider Heidi Rena Roth sold 12,000 shares of Kilroy Realty stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.28, for a total transaction of $507,360.00. Following the completion of the transaction, the insider now owns 50,211 shares in the company, valued at approximately $2,122,921.08. This represents a 19.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Kilroy Realty Stock Down 0.8 %

Kilroy Realty stock opened at $42.05 on Friday. The stock’s 50 day moving average price is $40.03 and its 200 day moving average price is $36.11. The company has a market cap of $4.96 billion, a PE ratio of 25.18 and a beta of 1.03. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 3.08. Kilroy Realty Co. has a 1-year low of $29.88 and a 1-year high of $43.78.

Kilroy Realty (NYSE:KRC) last issued its earnings results on Monday, October 28th. The real estate investment trust reported $0.44 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.60). The company had revenue of $289.94 million for the quarter, compared to analysts’ expectations of $275.77 million. Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. Kilroy Realty’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.12 earnings per share. On average, sell-side analysts predict that Kilroy Realty Co. will post 4.41 EPS for the current fiscal year.

Kilroy Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.14%. Kilroy Realty’s payout ratio is 129.34%.

Institutional Investors Weigh In On Kilroy Realty

Institutional investors have recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in Kilroy Realty during the third quarter worth $34,000. Coldstream Capital Management Inc. acquired a new position in shares of Kilroy Realty during the 3rd quarter worth $203,000. Vestcor Inc boosted its position in shares of Kilroy Realty by 289.0% in the 3rd quarter. Vestcor Inc now owns 34,313 shares of the real estate investment trust’s stock worth $1,328,000 after buying an additional 25,492 shares in the last quarter. M&T Bank Corp grew its stake in Kilroy Realty by 13.0% in the 3rd quarter. M&T Bank Corp now owns 22,596 shares of the real estate investment trust’s stock valued at $875,000 after acquiring an additional 2,594 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in Kilroy Realty by 1.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 134,750 shares of the real estate investment trust’s stock valued at $5,215,000 after acquiring an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Scotiabank lowered Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price target on the stock. in a report on Thursday, November 14th. Barclays boosted their target price on Kilroy Realty from $38.00 to $44.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Evercore ISI increased their price target on Kilroy Realty from $40.00 to $41.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company lowered their price objective on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $39.43.

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.