Kilroy Realty Co. (NYSE:KRC) Short Interest Update

Kilroy Realty Co. (NYSE:KRC) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 7,020,000 shares, an increase of 28.1% from the December 15th total of 5,480,000 shares. Based on an average daily volume of 1,110,000 shares, the short-interest ratio is presently 6.3 days. Approximately 6.1% of the shares of the company are short sold.

Insiders Place Their Bets

In other news, insider Heidi Rena Roth sold 12,000 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.28, for a total value of $507,360.00. Following the sale, the insider now directly owns 50,211 shares of the company’s stock, valued at $2,122,921.08. This represents a 19.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.49% of the stock is owned by insiders.

Institutional Investors Weigh In On Kilroy Realty

A number of hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its position in shares of Kilroy Realty by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,171,717 shares of the real estate investment trust’s stock valued at $84,045,000 after buying an additional 27,660 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Kilroy Realty by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,720,268 shares of the real estate investment trust’s stock valued at $53,622,000 after buying an additional 42,811 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Kilroy Realty by 45.9% in the second quarter. AQR Capital Management LLC now owns 851,398 shares of the real estate investment trust’s stock valued at $26,393,000 after buying an additional 267,825 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Kilroy Realty by 428.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 850,975 shares of the real estate investment trust’s stock valued at $32,933,000 after buying an additional 689,962 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Kilroy Realty by 585.2% in the third quarter. Victory Capital Management Inc. now owns 830,311 shares of the real estate investment trust’s stock valued at $32,133,000 after buying an additional 709,126 shares during the last quarter. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Kilroy Realty Price Performance

NYSE:KRC traded up $0.71 during trading hours on Friday, reaching $38.97. 1,081,931 shares of the company were exchanged, compared to its average volume of 1,014,502. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.89. The stock’s 50-day moving average is $40.03 and its 200-day moving average is $37.99. The firm has a market cap of $4.60 billion, a PE ratio of 23.33 and a beta of 1.02. Kilroy Realty has a twelve month low of $30.71 and a twelve month high of $43.78.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.60). The company had revenue of $289.94 million for the quarter, compared to analyst estimates of $275.77 million. Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. The business’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.12 earnings per share. On average, sell-side analysts anticipate that Kilroy Realty will post 4.42 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date of this dividend was Tuesday, December 31st. Kilroy Realty’s dividend payout ratio is presently 129.34%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Evercore ISI upped their price objective on shares of Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Mizuho reaffirmed a “neutral” rating and issued a $43.00 price objective (down from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $45.00 to $49.00 in a research note on Friday, December 20th. Barclays decreased their target price on shares of Kilroy Realty from $44.00 to $43.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Finally, Jefferies Financial Group cut shares of Kilroy Realty from a “buy” rating to a “hold” rating and decreased their target price for the company from $45.00 to $41.00 in a research note on Thursday, January 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $40.80.

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.