John Osmond Sells 4,000 Shares of Kilroy Realty Co. (NYSE:KRC) Stock

Kilroy Realty Co. (NYSE:KRC) EVP John Osmond sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $35.16, for a total value of $140,640.00. Following the transaction, the executive vice president now directly owns 12,528 shares of the company’s stock, valued at approximately $440,484.48. This trade represents a 24.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kilroy Realty Stock Performance

NYSE:KRC opened at $34.23 on Friday. The firm has a market capitalization of $4.04 billion, a PE ratio of 19.34 and a beta of 1.02. The stock’s fifty day moving average is $35.54 and its 200 day moving average is $38.26. Kilroy Realty Co. has a fifty-two week low of $30.71 and a fifty-two week high of $43.78. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21.

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, topping the consensus estimate of $1.03 by $0.17. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. On average, sell-side analysts anticipate that Kilroy Realty Co. will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be issued a $0.54 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.16 annualized dividend and a dividend yield of 6.31%. Kilroy Realty’s payout ratio is 122.03%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on KRC shares. Wells Fargo & Company cut shares of Kilroy Realty from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $43.00 to $35.00 in a report on Monday, March 10th. Mizuho reissued a “neutral” rating and issued a $43.00 target price (down from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. The Goldman Sachs Group decreased their price target on Kilroy Realty from $48.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Jefferies Financial Group started coverage on shares of Kilroy Realty in a research report on Monday, March 17th. They set a “hold” rating and a $34.00 target price for the company. Finally, Barclays raised Kilroy Realty from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $42.00 to $44.00 in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $40.09.

Hedge Funds Weigh In On Kilroy Realty

Large investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new stake in shares of Kilroy Realty during the third quarter worth $34,000. Summit Securities Group LLC purchased a new position in Kilroy Realty in the 4th quarter worth about $49,000. GAMMA Investing LLC lifted its holdings in 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 valued at $75,000 after buying an additional 374 shares in the last quarter. GF Fund Management CO. LTD. purchased a new stake in Kilroy Realty in the 4th quarter valued at about $82,000. Finally, Fifth Third Bancorp grew its stake in Kilroy Realty by 31.7% in the 4th quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust’s stock worth $102,000 after acquiring an additional 607 shares in the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.

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.