Kilroy Realty Corp (NYSE:KRC) Director Edward F. Brennan sold 3,843 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $74.73, for a total value of $287,187.39. Following the completion of the transaction, the director now directly owns 18,513 shares of the company’s stock, valued at approximately $1,383,476.49. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
NYSE:KRC traded up $0.07 during mid-day trading on Monday, reaching $74.87. The company’s stock had a trading volume of 662,743 shares, compared to its average volume of 564,198. Kilroy Realty Corp has a 12-month low of $59.05 and a 12-month high of $77.73. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market cap of $7.54 billion, a price-to-earnings ratio of 21.51, a price-to-earnings-growth ratio of 2.79 and a beta of 0.83.
Kilroy Realty (NYSE:KRC) last issued its earnings results on Monday, February 4th. The real estate investment trust reported $0.78 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.11). Kilroy Realty had a return on equity of 6.35% and a net margin of 34.58%. The business had revenue of $190.80 million during the quarter, compared to analysts’ expectations of $185.19 million. During the same period last year, the firm posted $0.85 EPS. Kilroy Realty’s quarterly revenue was up 7.5% compared to the same quarter last year. As a group, research analysts predict that Kilroy Realty Corp will post 3.69 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 17th. Stockholders of record on Friday, March 29th will be given a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Thursday, March 28th. Kilroy Realty’s payout ratio is currently 52.30%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC purchased a new stake in shares of Kilroy Realty during the 4th quarter valued at about $25,000. Parallel Advisors LLC increased its position in shares of Kilroy Realty by 471.7% during the 4th quarter. Parallel Advisors LLC now owns 526 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 434 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Kilroy Realty during the 3rd quarter valued at about $206,000. Paloma Partners Management Co purchased a new stake in shares of Kilroy Realty during the 4th quarter valued at about $358,000. Finally, Amica Retiree Medical Trust purchased a new stake in shares of Kilroy Realty during the 3rd quarter valued at about $422,000. 96.67% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have weighed in on KRC. Zacks Investment Research lowered Kilroy Realty from a “hold” rating to a “sell” rating in a research report on Friday, January 18th. Goldman Sachs Group raised Kilroy Realty from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $80.00 to $81.00 in a research report on Monday, March 11th. ValuEngine raised Kilroy Realty from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. Robert W. Baird raised Kilroy Realty from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $82.00 to $86.00 in a research report on Friday, March 1st. Finally, Wells Fargo & Co lowered Kilroy Realty from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $82.00 to $72.00 in a research report on Tuesday, December 11th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $79.86.
About Kilroy Realty
Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast's premier landlords. The company has over 70 years of experience developing, acquiring and managing office and mixed-use real estate assets. The company provides physical work environments that foster creativity and productivity and serves a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies.
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