Insider Selling: Kilroy Realty Co. (NYSE:KRC) EVP Sells 4,000 Shares of Stock

Kilroy Realty Co. (NYSE:KRC - Get Free Report) EVP John Osmond sold 4,000 shares of Kilroy Realty stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $35.16, for a total value of $140,640.00. Following the completion of the transaction, the executive vice president now directly owns 12,528 shares in the company, valued at approximately $440,484.48. This represents a 24.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Kilroy Realty Price Performance

NYSE KRC traded down $0.98 on Friday, reaching $33.26. 1,690,891 shares of the company's stock traded hands, compared to its average volume of 1,143,460. The stock has a market cap of $3.93 billion, a PE ratio of 18.79 and a beta of 1.02. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.21 and a quick ratio of 2.21. Kilroy Realty Co. has a 12 month low of $30.71 and a 12 month high of $43.78. The stock has a 50-day simple moving average of $35.43 and a 200 day simple moving average of $38.31.

Kilroy Realty (NYSE:KRC - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $1.20 EPS for the quarter, topping the consensus estimate 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, research analysts predict that Kilroy Realty Co. will post 4 earnings per share for the current year.

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Kilroy Realty Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Evercore ISI dropped their target price on shares of Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating on the stock in a report on Wednesday, February 12th. Jefferies Financial Group initiated coverage on Kilroy Realty in a research note on Monday, March 17th. They issued a "hold" rating and a $34.00 price objective on the stock. Barclays upgraded Kilroy Realty from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $42.00 to $44.00 in a report on Thursday, February 27th. Royal Bank of Canada cut their price target 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. Finally, JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $45.00 to $49.00 in a research note on Friday, December 20th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $39.55.

Institutional Investors Weigh In On Kilroy Realty

Several institutional investors have recently added to or reduced their stakes in KRC. Vestcor Inc boosted its holdings in shares of Kilroy Realty by 289.0% during the third quarter. Vestcor Inc now owns 34,313 shares of the real estate investment trust's stock worth $1,328,000 after purchasing an additional 25,492 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Kilroy Realty by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,171,717 shares of the real estate investment trust's stock worth $84,045,000 after buying an additional 27,660 shares during the period. GAMMA Investing LLC grew its position in shares of Kilroy Realty by 25.4% in the 4th quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust's stock worth $75,000 after buying an additional 374 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Kilroy Realty by 428.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 850,975 shares of the real estate investment trust's stock worth $32,933,000 after buying an additional 689,962 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Kilroy Realty by 6.8% during the third quarter. BNP Paribas Financial Markets now owns 111,262 shares of the real estate investment trust's stock valued at $4,306,000 after acquiring an additional 7,129 shares in the last quarter. Hedge funds and other institutional investors 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.