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 that occurred on Monday, March 24th. The stock was sold at an average price of $34.74, for a total value of $208,440.00. Following the sale, the insider now directly owns 86,744 shares in the company, valued at approximately $3,013,486.56. The trade was a 6.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Kilroy Realty Stock Down 0.8 %

KRC stock opened at $34.23 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.21 and a quick ratio of 2.21. The firm has a market capitalization of $4.04 billion, a P/E ratio of 19.34 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’s 50 day simple moving average is $35.54 and its 200-day simple moving average is $38.26.

Kilroy Realty (NYSE:KRC) last released its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. As a group, equities research analysts anticipate that Kilroy Realty Co. will post 4 EPS for the current year.

Kilroy Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.16 annualized dividend and a yield of 6.31%. Kilroy Realty’s dividend payout ratio (DPR) is presently 122.03%.

Institutional Trading of Kilroy Realty

Hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new position in Kilroy Realty in the 4th quarter valued at approximately $366,356,000. Principal Financial Group Inc. increased its stake in shares of Kilroy Realty by 4.7% in the fourth quarter. Principal Financial Group Inc. now owns 4,862,310 shares of the real estate investment trust’s stock worth $196,680,000 after acquiring an additional 218,163 shares during the last quarter. Resolution Capital Ltd raised its holdings in shares of Kilroy Realty by 12.6% during the fourth quarter. Resolution Capital Ltd now owns 4,487,655 shares of the real estate investment trust’s stock worth $181,526,000 after acquiring an additional 500,635 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Kilroy Realty by 6.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,265,387 shares of the real estate investment trust’s stock valued at $132,087,000 after purchasing an additional 193,291 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its stake in Kilroy Realty by 29.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,003,920 shares of the real estate investment trust’s stock valued at $121,509,000 after purchasing an additional 680,870 shares in the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on KRC shares. The Goldman Sachs Group lowered their price target on Kilroy Realty from $48.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Wells Fargo & Company cut shares of Kilroy Realty from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $43.00 to $35.00 in a research report on Monday, March 10th. JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $45.00 to $49.00 in a research report on Friday, December 20th. Jefferies Financial Group started coverage on shares of Kilroy Realty in a research note on Monday, March 17th. They issued a “hold” rating and a $34.00 price objective on the stock. Finally, Mizuho reissued a “neutral” rating and set a $43.00 target price (down from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.