Kilroy Realty Co. (NYSE:KRC) Short Interest Update

Kilroy Realty Co. (NYSE:KRC - Get Free Report) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 7,040,000 shares, a decline of 14.0% from the February 13th total of 8,190,000 shares. Based on an average trading volume of 1,390,000 shares, the days-to-cover ratio is currently 5.1 days. Currently, 6.1% of the company's shares are sold short.

Kilroy Realty Price Performance

KRC traded down $0.12 during trading on Friday, reaching $34.45. 2,255,615 shares of the company traded hands, compared to its average volume of 1,094,389. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21. Kilroy Realty has a 12-month low of $30.71 and a 12-month high of $43.78. The firm has a fifty day simple moving average of $35.76 and a 200 day simple moving average of $38.30. The company has a market cap of $4.07 billion, a P/E ratio of 19.46 and a beta of 1.02.

Kilroy Realty (NYSE:KRC - Get Free Report) last announced its quarterly earnings data 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, equities analysts forecast that Kilroy Realty will post 4 EPS for the current year.

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Kilroy Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 6.27%. The ex-dividend date of this dividend is Monday, March 31st. Kilroy Realty's dividend payout ratio (DPR) is currently 122.03%.

Insider Transactions at Kilroy Realty

In other news, CEO Angela M. Aman bought 2,797 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average cost of $35.45 per share, with a total value of $99,153.65. Following the completion of the purchase, the chief executive officer now directly owns 2,797 shares in the company, valued at $99,153.65. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.49% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of KRC. Metis Global Partners LLC boosted its position in shares of Kilroy Realty by 29.7% during the 3rd quarter. Metis Global Partners LLC now owns 10,878 shares of the real estate investment trust's stock valued at $421,000 after acquiring an additional 2,494 shares during the last quarter. Pathstone Holdings LLC boosted its position in shares of Kilroy Realty by 3.0% during the 3rd quarter. Pathstone Holdings LLC now owns 41,149 shares of the real estate investment trust's stock valued at $1,604,000 after acquiring an additional 1,186 shares during the last quarter. Commerce Bank boosted its position in shares of Kilroy Realty by 3.0% during the 3rd quarter. Commerce Bank now owns 11,574 shares of the real estate investment trust's stock valued at $448,000 after acquiring an additional 342 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Kilroy Realty by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,171,717 shares of the real estate investment trust's stock valued at $84,045,000 after acquiring an additional 27,660 shares during the last quarter. Finally, Penserra Capital Management LLC boosted its position in shares of Kilroy Realty by 22.8% during the 3rd quarter. Penserra Capital Management LLC now owns 37,569 shares of the real estate investment trust's stock valued at $1,453,000 after acquiring an additional 6,975 shares during the last quarter. 94.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on KRC. Mizuho reaffirmed a "neutral" rating and issued a $43.00 target price (down from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. Wells Fargo & Company cut shares of 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 report on Monday, March 10th. The Goldman Sachs Group dropped their price target on shares of Kilroy Realty from $48.00 to $42.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Barclays upgraded shares of Kilroy Realty from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $42.00 to $44.00 in a research note on Thursday, February 27th. Finally, Royal Bank of Canada lowered their target price on shares of Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating on the stock in a research note on Monday, March 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $40.09.

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.