Kilroy Realty Co. (NYSE:KRC) Insider A. Robert Paratte Sells 6,000 Shares

Kilroy Realty Co. (NYSE:KRC) insider A. Robert Paratte sold 6,000 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $34.74, for a total transaction of $208,440.00. Following the transaction, the insider now owns 86,744 shares in the company, valued at approximately $3,013,486.56. This trade represents a 6.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Kilroy Realty Trading Up 0.1 %

Shares of Kilroy Realty stock opened at $35.05 on Wednesday. The stock has a market capitalization of $4.14 billion, a P/E ratio of 19.80 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 debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21. The stock’s 50-day simple moving average is $35.69 and its 200 day simple moving average is $38.32.

Kilroy Realty (NYSE:KRC) last posted its quarterly 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 net margin of 18.58% and a return on equity of 3.75%. As a group, research analysts anticipate that Kilroy Realty Co. will post 4 EPS for the current year.

Kilroy Realty Dividend Announcement

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

Institutional Trading of Kilroy Realty

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on KRC shares. Evercore ISI dropped their target price on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating on the stock in a research report on Wednesday, February 12th. Barclays upgraded Kilroy Realty from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $42.00 to $44.00 in a report on Thursday, February 27th. Wells Fargo & Company downgraded Kilroy Realty from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $43.00 to $35.00 in a research note on Monday, March 10th. Jefferies Financial Group assumed coverage on Kilroy Realty in a research note on Monday, March 17th. They set a “hold” rating and a $34.00 target price on the stock. Finally, Royal Bank of Canada cut their price target on shares of Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating on the stock in a report on Monday, March 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price 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.