Kilroy Realty Co. (NYSE:KRC) Sees Significant Increase in Short Interest

Kilroy Realty Co. (NYSE:KRC - Get Free Report) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 7,710,000 shares, a growth of 8.3% from the January 15th total of 7,120,000 shares. Approximately 6.7% of the shares of the stock are sold short. Based on an average daily volume of 1,200,000 shares, the short-interest ratio is presently 6.4 days.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on KRC shares. Evercore ISI lowered their price objective 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. JPMorgan Chase & Co. raised shares of Kilroy Realty from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $45.00 to $49.00 in a research report on Friday, December 20th. Scotiabank downgraded shares of Kilroy Realty from a "sector perform" rating to a "sector underperform" rating and set a $38.00 target price on the stock. in a research report on Thursday, November 14th. The Goldman Sachs Group dropped their target price on shares of Kilroy Realty from $48.00 to $42.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, Jefferies Financial Group downgraded shares of Kilroy Realty from a "buy" rating to a "hold" rating and dropped their target price for the stock from $45.00 to $41.00 in a research report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $41.27.

Insider Transactions at Kilroy Realty

In other news, insider Heidi Rena Roth sold 12,000 shares of Kilroy Realty stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.28, for a total value of $507,360.00. Following the transaction, the insider now owns 50,211 shares of the company's stock, valued at $2,122,921.08. The trade was a 19.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.49% of the company's stock.

Institutional Trading of Kilroy Realty

A number of institutional investors and hedge funds have recently modified their holdings of KRC. Sanctuary Advisors LLC acquired a new stake in shares of Kilroy Realty in the second quarter worth $268,000. CWM LLC increased its position in Kilroy Realty by 25.2% during the third quarter. CWM LLC now owns 3,802 shares of the real estate investment trust's stock worth $147,000 after acquiring an additional 766 shares during the period. Creative Planning increased its position in Kilroy Realty by 28.0% during the third quarter. Creative Planning now owns 38,595 shares of the real estate investment trust's stock worth $1,494,000 after acquiring an additional 8,433 shares during the period. Aaron Wealth Advisors LLC bought a new position in Kilroy Realty during the third quarter worth $226,000. Finally, Inspire Advisors LLC bought a new position in Kilroy Realty during the third quarter worth $231,000. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Kilroy Realty Stock Down 2.3 %

NYSE KRC traded down $0.77 during trading on Friday, reaching $32.71. The company's stock had a trading volume of 2,199,789 shares, compared to its average volume of 1,445,508. 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 has a market capitalization of $3.86 billion, a PE ratio of 18.48 and a beta of 1.02. The business has a 50-day moving average price of $38.35 and a 200-day moving average price of $38.37. Kilroy Realty has a 1-year low of $30.71 and a 1-year high of $43.78.

Kilroy Realty (NYSE:KRC - Get Free Report) 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 net margin of 18.58% and a return on equity of 3.75%. On average, research analysts forecast that Kilroy Realty will post 4 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 31st were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.60%. The ex-dividend date of this dividend was Tuesday, December 31st. Kilroy Realty's payout ratio is 122.03%.

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.