John Osmond Sells 2,628 Shares of Kilroy Realty Co. (NYSE:KRC) Stock

Kilroy Realty Co. (NYSE:KRC) EVP John Osmond sold 2,628 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total transaction of $105,120.00. Following the sale, the executive vice president now directly owns 8,818 shares in the company, valued at approximately $352,720. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Kilroy Realty Stock Up 2.0 %

Shares of NYSE KRC opened at $40.80 on Friday. Kilroy Realty Co. has a 52-week low of $26.78 and a 52-week high of $43.37. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.61 and a current ratio of 3.61. The company’s 50 day moving average price is $35.33 and its 200-day moving average price is $34.24. The company has a market capitalization of $4.79 billion, a P/E ratio of 23.45 and a beta of 1.04.

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

Kilroy Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Monday, September 30th will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $2.16 annualized dividend and a yield of 5.29%. Kilroy Realty’s dividend payout ratio is currently 124.14%.

Analysts Set New Price Targets

Several research firms recently weighed in on KRC. Evercore ISI raised their price objective on Kilroy Realty from $38.00 to $40.00 and gave the company an “in-line” rating in a report on Monday. KeyCorp cut their price target on Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 2nd. Wells Fargo & Company reduced their price target on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, September 11th. Scotiabank dropped their price objective on shares of Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Kilroy Realty from $40.00 to $34.00 and set a “hold” rating on the stock in a research report on Thursday, May 30th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $38.40.

Institutional Investors Weigh In On Kilroy Realty

A number of hedge funds have recently added to or reduced their stakes in KRC. Norges Bank acquired a new stake in shares of Kilroy Realty during the 4th quarter worth approximately $360,831,000. Janus Henderson Group PLC increased its stake in Kilroy Realty by 2,767.7% in the first quarter. Janus Henderson Group PLC now owns 1,648,027 shares of the real estate investment trust’s stock valued at $59,991,000 after purchasing an additional 1,590,558 shares in the last quarter. PGGM Investments increased its stake in Kilroy Realty by 85.0% in the second quarter. PGGM Investments now owns 3,015,046 shares of the real estate investment trust’s stock valued at $93,979,000 after purchasing an additional 1,385,692 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Kilroy Realty by 18.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,162,748 shares of the real estate investment trust’s stock valued at $115,220,000 after purchasing an additional 487,556 shares during the period. Finally, Sei Investments Co. boosted its position 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 purchasing an additional 403,807 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors.

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.