Merryl Elizabeth Werber Sells 3,000 Shares of Kilroy Realty Co. (NYSE:KRC) Stock

Kilroy Realty Co. (NYSE:KRC) CAO Merryl Elizabeth Werber sold 3,000 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $39.14, for a total transaction of $117,420.00. Following the completion of the sale, the chief accounting officer now owns 26,401 shares of the company’s stock, valued at approximately $1,033,335.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Kilroy Realty Stock Down 2.0 %

KRC stock opened at $39.99 on Friday. Kilroy Realty Co. has a fifty-two week low of $26.78 and a fifty-two week high of $43.37. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.61 and a quick ratio of 3.61. The stock has a market capitalization of $4.69 billion, a price-to-earnings ratio of 22.98 and a beta of 1.04. The business’s fifty day moving average price is $35.42 and its two-hundred day moving average price is $34.26.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.41 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.67). The business had revenue of $280.73 million during the quarter, compared to analyst estimates of $276.81 million. Kilroy Realty had a net margin of 17.91% and a return on equity of 3.52%. The company’s revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the company posted $1.19 earnings per share. On average, equities analysts anticipate that Kilroy Realty Co. will post 4.25 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, October 9th. Stockholders of record on Monday, September 30th will be given a $0.54 dividend. The ex-dividend date is Monday, September 30th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.40%. Kilroy Realty’s payout ratio is 124.14%.

Institutional Investors Weigh In On Kilroy Realty

A number of large investors have recently added to or reduced their stakes in KRC. Norges Bank acquired a new position in Kilroy Realty in the 4th quarter valued at $360,831,000. Janus Henderson Group PLC increased its position in shares of Kilroy Realty by 2,767.7% in the first quarter. Janus Henderson Group PLC now owns 1,648,027 shares of the real estate investment trust’s stock worth $59,991,000 after purchasing an additional 1,590,558 shares during the period. PGGM Investments raised its stake in Kilroy Realty by 85.0% in the second quarter. PGGM Investments now owns 3,015,046 shares of the real estate investment trust’s stock valued at $93,979,000 after purchasing an additional 1,385,692 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Kilroy Realty by 18.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,162,748 shares of the real estate investment trust’s stock worth $115,220,000 after purchasing an additional 487,556 shares during the period. Finally, Sei Investments Co. grew its stake in Kilroy Realty by 139.4% during the first quarter. Sei Investments Co. now owns 693,552 shares of the real estate investment trust’s stock worth $25,266,000 after buying an additional 403,807 shares in the last quarter. Institutional investors and hedge funds own 94.22% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on KRC shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Kilroy Realty from $40.00 to $34.00 and set a “hold” rating on the stock in a report on Thursday, May 30th. Wells Fargo & Company dropped their price objective on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 11th. KeyCorp reduced their target price on Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating for the company in a research note on Tuesday, July 2nd. Evercore ISI increased their price target on Kilroy Realty from $38.00 to $40.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Finally, Scotiabank reduced their price objective on shares of Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $38.40.

About Kilroy Realty

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.