Insider Selling: Kilroy Realty Co. (NYSE:KRC) Insider Sells 6,000 Shares of Stock

Kilroy Realty Co. (NYSE:KRC - Get Free Report) insider A. Robert Paratte sold 6,000 shares of the firm'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 sale, the insider now directly owns 86,744 shares in the company, valued at $3,013,486.56. The trade was a 6.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Kilroy Realty Trading Down 2.8 %

Shares of KRC stock traded down $0.98 during mid-day trading on Friday, hitting $33.26. The company's stock had a trading volume of 1,690,891 shares, compared to its average volume of 1,143,460. Kilroy Realty Co. has a 52 week low of $30.71 and a 52 week high of $43.78. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21. The company's fifty day simple moving average is $35.43 and its 200-day simple moving average is $38.28. The company has a market cap of $3.93 billion, a PE ratio of 18.79 and a beta of 1.02.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, topping 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%. As a group, equities research analysts expect that Kilroy Realty Co. will post 4 earnings per share for the current fiscal year.

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Kilroy Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 6.50%. The ex-dividend date of this dividend is Monday, March 31st. Kilroy Realty's payout ratio is 122.03%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. raised shares of Kilroy Realty from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $45.00 to $49.00 in a research note on Friday, December 20th. Mizuho restated a "neutral" rating and set a $43.00 price objective (down previously from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. Barclays upgraded Kilroy Realty from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $42.00 to $44.00 in a research note on Thursday, February 27th. Jefferies Financial Group initiated coverage on shares of Kilroy Realty in a research note on Monday, March 17th. They issued a "hold" rating and a $34.00 price objective for the company. Finally, Royal Bank of Canada reduced their target price on Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating on the stock in a report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $39.55.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in KRC. Norges Bank acquired a new position in shares of Kilroy Realty during the fourth quarter worth approximately $366,356,000. Rush Island Management LP acquired a new position in Kilroy Realty during the fourth quarter worth $109,502,000. Bamco Inc. NY bought a new position in shares of Kilroy Realty in the fourth quarter valued at $58,747,000. Northern Trust Corp grew its holdings in shares of Kilroy Realty by 107.5% during the fourth quarter. Northern Trust Corp now owns 2,096,471 shares of the real estate investment trust's stock valued at $84,802,000 after buying an additional 1,085,914 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of Kilroy Realty by 1,226.2% during the fourth quarter. Deutsche Bank AG now owns 815,491 shares of the real estate investment trust's stock valued at $32,987,000 after buying an additional 753,999 shares during the last quarter. Institutional investors own 94.22% of the company's stock.

Kilroy Realty Company Profile

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.