Insider Selling: Kilroy Realty Co. (NYSE:KRC) Insider Sells $208,440.00 in Stock

Kilroy Realty Co. (NYSE:KRC) insider A. Robert Paratte sold 6,000 shares of the company’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $34.74, for a total value of $208,440.00. Following the transaction, the insider now directly owns 86,744 shares in the company, valued at $3,013,486.56. This represents a 6.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Kilroy Realty Trading Down 0.8 %

Shares of NYSE KRC opened at $34.23 on Friday. Kilroy Realty Co. has a 12-month low of $30.71 and a 12-month high of $43.78. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 19.34 and a beta of 1.02. 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 stock’s 50 day simple moving average is $35.54 and its 200 day simple moving average is $38.26.

Kilroy Realty (NYSE:KRC) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. Equities research analysts expect that Kilroy Realty Co. will post 4 EPS for the current year.

Kilroy Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 6.31%. The ex-dividend date of this dividend is Monday, March 31st. Kilroy Realty’s payout ratio is 122.03%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Mizuho reissued a “neutral” rating and issued a $43.00 target price (down previously from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. Barclays raised Kilroy Realty from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $42.00 to $44.00 in a research report on Thursday, February 27th. Royal Bank of Canada cut their price objective on shares of Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating for the company in a research report on Monday, March 10th. Wells Fargo & Company lowered Kilroy Realty from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $43.00 to $35.00 in a research note on Monday, March 10th. Finally, Evercore ISI cut their price target on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating on the stock in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Kilroy Realty presently has an average rating of “Hold” and an average price target of $40.09.

Institutional Investors Weigh In On Kilroy Realty

Several large investors have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Kilroy Realty during the third quarter worth approximately $34,000. Summit Securities Group LLC bought a new stake in Kilroy Realty during the 4th quarter valued at $49,000. GAMMA Investing LLC boosted its position in Kilroy Realty by 25.4% during the 4th quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust’s stock worth $75,000 after acquiring an additional 374 shares during the period. GF Fund Management CO. LTD. bought a new position in shares of Kilroy Realty in the fourth quarter worth $82,000. Finally, Fifth Third Bancorp increased its holdings in shares of Kilroy Realty by 31.7% during the fourth quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust’s stock valued at $102,000 after purchasing an additional 607 shares during the period. Institutional investors and hedge funds own 94.22% of the company’s stock.

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.