Kilroy Realty Co. (NYSE:KRC - Get Free Report) EVP John Osmond sold 4,000 shares of Kilroy Realty stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $35.16, for a total value of $140,640.00. Following the completion of the transaction, the executive vice president now directly owns 12,528 shares in the company, valued at approximately $440,484.48. This represents a 24.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Kilroy Realty Stock Down 1.6 %
Kilroy Realty stock opened at $34.52 on Thursday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82. The firm's fifty day moving average price is $35.62 and its two-hundred day moving average price is $38.29. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of 19.51 and a beta of 1.02. Kilroy Realty Co. has a 1-year low of $30.71 and a 1-year high of $43.78.
Kilroy Realty (NYSE:KRC - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share for the quarter, beating 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, equities research analysts predict that Kilroy Realty Co. will post 4 earnings per share for the current fiscal year.
Kilroy Realty Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be issued a dividend of $0.54 per share. The ex-dividend date is Monday, March 31st. This represents a $2.16 annualized dividend and a yield of 6.26%. Kilroy Realty's dividend payout ratio (DPR) is currently 122.03%.
Wall Street Analyst Weigh In
KRC has been the subject of several analyst reports. Wells Fargo & Company lowered shares of Kilroy Realty from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $43.00 to $35.00 in a report on Monday, March 10th. Evercore ISI lowered their target price on shares of Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating for the company in a research note on Wednesday, February 12th. The Goldman Sachs Group lowered their target price on Kilroy Realty from $48.00 to $42.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Barclays upgraded Kilroy Realty from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $42.00 to $44.00 in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $45.00 to $49.00 in a research note on Friday, December 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $40.09.
Get Our Latest Analysis on KRC
Institutional Investors Weigh In On Kilroy Realty
Institutional investors and hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue grew its stake in shares of Kilroy Realty by 0.4% in the 4th quarter. State of Alaska Department of Revenue now owns 68,456 shares of the real estate investment trust's stock worth $2,768,000 after acquiring an additional 276 shares in the last quarter. Choreo LLC grew its position in Kilroy Realty by 3.2% in the 4th quarter. Choreo LLC now owns 8,852 shares of the real estate investment trust's stock worth $358,000 after purchasing an additional 278 shares in the last quarter. M&T Bank Corp increased its stake in Kilroy Realty by 1.3% in the 4th quarter. M&T Bank Corp now owns 22,889 shares of the real estate investment trust's stock valued at $926,000 after buying an additional 293 shares during the last quarter. US Bancorp DE lifted its position in shares of Kilroy Realty by 3.4% during the 4th quarter. US Bancorp DE now owns 9,680 shares of the real estate investment trust's stock worth $392,000 after buying an additional 317 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its stake in shares of Kilroy Realty by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 51,388 shares of the real estate investment trust's stock worth $2,079,000 after buying an additional 320 shares during the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.
Kilroy Realty Company Profile
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Get Free Report)
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.
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