Insider Buying: Kilroy Realty Co. (NYSE:KRC) CEO Acquires 2,797 Shares of Stock

Kilroy Realty Co. (NYSE:KRC) CEO Angela M. Aman acquired 2,797 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average cost of $35.45 per share, with a total value of $99,153.65. Following the completion of the acquisition, the chief executive officer now owns 2,797 shares in the company, valued at $99,153.65. This trade represents a ? increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Kilroy Realty Stock Performance

Shares of NYSE KRC opened at $35.72 on Friday. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of 20.18 and a beta of 1.02. Kilroy Realty Co. has a one year low of $30.71 and a one year high of $43.78. The business has a fifty day simple moving average of $37.59 and a 200 day simple moving average of $38.41. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings data 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 net margin of 18.58% and a return on equity of 3.75%. Sell-side analysts expect that Kilroy Realty Co. will post 4 EPS for the current year.

Kilroy Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 6.05%. The ex-dividend date of this dividend is Monday, March 31st. Kilroy Realty’s payout ratio is 122.03%.

Institutional Investors Weigh In On Kilroy Realty

Several large investors have recently modified their holdings of KRC. CWA Asset Management Group LLC acquired a new stake in Kilroy Realty in the 3rd quarter valued at $476,000. Vestcor Inc lifted its holdings in shares of Kilroy Realty by 289.0% during the third quarter. Vestcor Inc now owns 34,313 shares of the real estate investment trust’s stock valued at $1,328,000 after acquiring an additional 25,492 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Kilroy Realty by 4,454.4% in the 3rd quarter. International Assets Investment Management LLC now owns 13,390 shares of the real estate investment trust’s stock valued at $518,000 after purchasing an additional 13,096 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Kilroy Realty by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,171,717 shares of the real estate investment trust’s stock worth $84,045,000 after purchasing an additional 27,660 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Kilroy Realty by 25.4% during the 4th quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust’s stock worth $75,000 after purchasing an additional 374 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on KRC shares. Mizuho restated a “neutral” rating and set a $43.00 price target (down from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. Scotiabank downgraded Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 target price for the company. in a research note on Thursday, November 14th. Jefferies Financial Group downgraded Kilroy Realty from a “buy” rating to a “hold” rating and dropped their price target for the stock from $45.00 to $41.00 in a research report on Thursday, January 2nd. Royal Bank of Canada reissued a “sector perform” rating and issued a $44.00 price objective on shares of Kilroy Realty in a research report on Monday, February 10th. Finally, Evercore ISI dropped their target price on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating on the stock in a research report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Kilroy Realty currently has a consensus rating of “Hold” and a consensus target price of $41.45.

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.