Kilroy Realty Corp (NYSE:KRC) CFO Tyler H. Rose sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $72.57, for a total transaction of $1,451,400.00. Following the sale, the chief financial officer now directly owns 125,132 shares of the company’s stock, valued at approximately $9,080,829.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Kilroy Realty stock opened at $72.59 on Tuesday. The firm has a market capitalization of $7.29 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 2.75 and a beta of 0.85. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.22 and a quick ratio of 1.01. Kilroy Realty Corp has a 12 month low of $59.05 and a 12 month high of $77.73.
Kilroy Realty (NYSE:KRC) last released its quarterly earnings data on Monday, February 4th. The real estate investment trust reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.11). The business had revenue of $190.80 million during the quarter, compared to analyst estimates of $185.19 million. Kilroy Realty had a return on equity of 6.35% and a net margin of 34.58%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 EPS. On average, analysts anticipate that Kilroy Realty Corp will post 3.69 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st were issued a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date was Friday, December 28th. Kilroy Realty’s dividend payout ratio is presently 52.30%.
KRC has been the subject of a number of recent analyst reports. Bank of America raised shares of Kilroy Realty from a “neutral” rating to a “buy” rating and raised their price target for the stock from $80.00 to $82.00 in a research report on Tuesday, November 13th. ValuEngine raised shares of Kilroy Realty from a “hold” rating to a “buy” rating in a research report on Friday. Zacks Investment Research raised shares of Kilroy Realty from a “sell” rating to a “hold” rating in a research report on Tuesday, February 5th. Wells Fargo & Co downgraded shares of Kilroy Realty from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $82.00 to $72.00 in a research report on Tuesday, December 11th. Finally, Scotiabank initiated coverage on shares of Kilroy Realty in a research report on Tuesday, October 16th. They set a “sector perform” rating for the company. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $77.75.
Institutional investors have recently added to or reduced their stakes in the business. Laurel Wealth Advisors LLC acquired a new position in Kilroy Realty in the fourth quarter worth $25,000. Parallel Advisors LLC boosted its holdings in Kilroy Realty by 471.7% in the fourth quarter. Parallel Advisors LLC now owns 526 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 434 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in Kilroy Realty by 6,188.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,451,188 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 2,412,206 shares during the period. Matthew Goff Investment Advisor LLC acquired a new position in Kilroy Realty in the third quarter worth $153,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in Kilroy Realty in the third quarter worth $206,000. 96.67% of the stock is owned by hedge funds and other institutional investors.
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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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