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

Kilroy Realty Co. (NYSE:KRC) was the recipient of 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. Currently, 6.1% of the shares of the stock are sold short. Based on an average trading volume of 1,110,000 shares, the days-to-cover ratio is currently 6.3 days.

Kilroy Realty Stock Performance

NYSE:KRC traded up $0.71 on Friday, hitting $38.97. The stock had a trading volume of 1,081,931 shares, compared to its average volume of 1,014,502. Kilroy Realty has a 52-week low of $30.71 and a 52-week high of $43.78. The stock has a market cap of $4.60 billion, a price-to-earnings ratio of 23.33 and a beta of 1.02. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.89. The business’s 50-day simple moving average is $40.03 and its two-hundred day simple moving average is $37.94.

Kilroy Realty (NYSE:KRC) last announced its earnings results on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.60). Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. The business had revenue of $289.94 million for the quarter, compared to the consensus estimate of $275.77 million. During the same quarter last year, the firm posted $1.12 earnings per share. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. As a group, research analysts predict that Kilroy Realty will post 4.42 earnings per share for the current year.

Kilroy Realty Announces Dividend

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

Insider Activity

In other Kilroy Realty news, insider Heidi Rena Roth sold 12,000 shares of the firm’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 owns 50,211 shares of the company’s stock, valued at $2,122,921.08. This trade represents a 19.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.49% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Ballentine Partners LLC raised its stake in Kilroy Realty by 3.1% during the 4th quarter. Ballentine Partners LLC now owns 19,316 shares of the real estate investment trust’s stock valued at $781,000 after purchasing an additional 583 shares during the period. HF Advisory Group LLC grew its holdings in Kilroy Realty by 39.2% during the 4th quarter. HF Advisory Group LLC now owns 39,043 shares of the real estate investment trust’s stock valued at $1,579,000 after buying an additional 10,985 shares in the last quarter. Aaron Wealth Advisors LLC increased its holdings in Kilroy Realty by 20.7% in the 4th quarter. Aaron Wealth Advisors LLC now owns 7,039 shares of the real estate investment trust’s stock valued at $285,000 after acquiring an additional 1,207 shares during the last quarter. Kera Capital Partners Inc. bought a new stake in shares of Kilroy Realty in the fourth quarter worth about $261,000. Finally, Green Alpha Advisors LLC raised its holdings in shares of Kilroy Realty by 21.6% during the 4th quarter. Green Alpha Advisors LLC now owns 56,926 shares of the real estate investment trust’s stock worth $2,303,000 after acquiring an additional 10,126 shares in the last quarter. Institutional investors own 94.22% of the company’s stock.

Wall Street Analysts Forecast Growth

KRC has been the topic of several research analyst reports. Mizuho reiterated a “neutral” rating and set a $43.00 price target (down previously from $45.00) on shares of Kilroy Realty in a research report on Tuesday, January 7th. Scotiabank cut shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 target price on the stock. in a report on Thursday, November 14th. JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $45.00 to $49.00 in a report on Friday, December 20th. Barclays lowered 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 report on Monday, January 13th. Finally, Evercore ISI upped their price target on Kilroy Realty from $40.00 to $41.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently 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.