Kilroy Realty Co. (NYSE:KRC) CAO Merryl Elizabeth Werber Sells 3,000 Shares of Stock

Kilroy Realty Co. (NYSE:KRC) CAO Merryl Elizabeth Werber sold 3,000 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total value of $117,420.00. Following the transaction, the chief accounting officer now owns 26,401 shares of the company’s stock, valued at $1,033,335.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kilroy Realty Stock Up 4.0 %

KRC opened at $39.99 on Thursday. The business’s 50-day simple moving average is $35.20 and its 200-day simple moving average is $34.20. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.61 and a current ratio of 3.61. Kilroy Realty Co. has a one year low of $26.78 and a one year high of $43.37. The stock has a market capitalization of $4.69 billion, a P/E ratio of 22.98 and a beta of 1.04.

Kilroy Realty (NYSE:KRC) last posted its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.67). Kilroy Realty had a return on equity of 3.52% and a net margin of 17.91%. The firm had revenue of $280.73 million for the quarter, compared to analyst estimates of $276.81 million. During the same quarter last year, the firm posted $1.19 EPS. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. Analysts anticipate that Kilroy Realty Co. will post 4.25 EPS for the current year.

Kilroy Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date of this dividend is Monday, September 30th. Kilroy Realty’s dividend payout ratio is presently 124.14%.

Analyst Ratings Changes

Several research firms have recently commented on KRC. KeyCorp lowered their price target 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 reduced their price objective on Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. Wells Fargo & Company reduced their price objective on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft reduced their price objective on Kilroy Realty from $40.00 to $34.00 and set a “hold” rating on the stock in a research note on Thursday, May 30th. Finally, Evercore ISI raised their price target on Kilroy Realty from $38.00 to $40.00 and gave the company an “in-line” rating in a research note on Monday. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $38.40.

Institutional Investors Weigh In On Kilroy Realty

A number of institutional investors have recently added to or reduced their stakes in KRC. Norges Bank purchased a new stake in Kilroy Realty in the 4th quarter valued at approximately $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 acquiring an additional 1,590,558 shares in the last quarter. PGGM Investments boosted its stake in shares of Kilroy Realty by 85.0% during the 2nd quarter. PGGM Investments now owns 3,015,046 shares of the real estate investment trust’s stock worth $93,979,000 after acquiring an additional 1,385,692 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Kilroy Realty by 18.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,162,748 shares of the real estate investment trust’s stock worth $115,220,000 after acquiring an additional 487,556 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Kilroy Realty by 139.4% during the 1st 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. Hedge funds and other institutional investors own 94.22% of the company’s stock.

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.