Kilroy Realty Co. (NYSE:KRC) CEO John B. Kilroy, Jr. sold 14,000 shares of the stock in a transaction on Friday, May 18th. The shares were sold at an average price of $71.93, for a total value of $1,007,020.00. Following the transaction, the chief executive officer now directly owns 787,149 shares of the company’s stock, valued at $56,619,627.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of KRC stock opened at $71.91 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.64. Kilroy Realty Co. has a 52-week low of $62.91 and a 52-week high of $77.70. The firm has a market capitalization of $7.12 billion, a P/E ratio of 21.15, a price-to-earnings-growth ratio of 2.69 and a beta of 0.66.
Kilroy Realty (NYSE:KRC) last issued its quarterly earnings data on Wednesday, April 25th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.54). Kilroy Realty had a return on equity of 4.27% and a net margin of 23.16%. The business had revenue of $182.80 million during the quarter, compared to analysts’ expectations of $178.02 million. During the same quarter last year, the business posted $0.81 EPS. The company’s quarterly revenue was up 2.0% on a year-over-year basis. analysts predict that Kilroy Realty Co. will post 3.59 EPS for the current year.
Hedge funds have recently modified their holdings of the stock. Glassman Wealth Services raised its position in shares of Kilroy Realty by 75.5% in the first quarter. Glassman Wealth Services now owns 1,771 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 762 shares in the last quarter. TLP Group LLC raised its position in shares of Kilroy Realty by 2,913.4% in the first quarter. TLP Group LLC now owns 2,923 shares of the real estate investment trust’s stock worth $207,000 after buying an additional 2,826 shares in the last quarter. MANA Advisors LLC purchased a new stake in shares of Kilroy Realty in the fourth quarter worth $219,000. Stifel Financial Corp purchased a new stake in shares of Kilroy Realty in the first quarter worth $221,000. Finally, Signition LP purchased a new stake in shares of Kilroy Realty in the first quarter worth $259,000. Institutional investors own 97.80% of the company’s stock.
A number of equities analysts have recently commented on the company. BMO Capital Markets set a $77.00 price target on Kilroy Realty and gave the stock a “buy” rating in a report on Monday, February 12th. Zacks Investment Research lowered Kilroy Realty from a “hold” rating to a “sell” rating in a report on Thursday, February 15th. Robert W. Baird set a $75.00 price target on Kilroy Realty and gave the stock a “hold” rating in a report on Monday, February 5th. Citigroup raised Kilroy Realty from a “neutral” rating to a “buy” rating and set a $77.00 price target for the company in a report on Tuesday, February 27th. They noted that the move was a valuation call. Finally, TheStreet raised Kilroy Realty from a “c+” rating to a “b-” rating in a report on Thursday, May 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $76.40.
Kilroy Realty Company Profile
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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