Tyler H. Rose Sells 20,000 Shares of Kilroy Realty Corp (KRC) Stock

Kilroy Realty Corp (NYSE:KRC) CFO Tyler H. Rose sold 20,000 shares of Kilroy Realty stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $72.57, for a total transaction of $1,451,400.00. Following the sale, the chief financial officer now owns 125,132 shares in the company, valued at $9,080,829.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Kilroy Realty stock opened at $72.59 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 1.01 and a debt-to-equity ratio of 0.70. Kilroy Realty Corp has a 52 week low of $59.05 and a 52 week high of $77.73. The stock has a market capitalization of $7.29 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 2.75 and a beta of 0.85.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings results on Monday, February 4th. The real estate investment trust reported $0.78 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.11). Kilroy Realty had a return on equity of 6.35% and a net margin of 34.58%. The business had revenue of $190.80 million during the quarter, compared to the consensus estimate of $185.19 million. During the same quarter last year, the firm posted $0.85 earnings per share. Kilroy Realty’s revenue was up 7.5% compared to the same quarter last year. As a group, analysts predict that Kilroy Realty Corp will post 3.69 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st were given a $0.455 dividend. This represents a $1.82 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend was Friday, December 28th. Kilroy Realty’s dividend payout ratio (DPR) is presently 52.30%.

KRC has been the topic of a number of recent analyst reports. Bank of America upgraded shares of Kilroy Realty from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $80.00 to $82.00 in a research note on Tuesday, November 13th. ValuEngine upgraded shares of Kilroy Realty from a “hold” rating to a “buy” rating in a research note on Friday. Zacks Investment Research upgraded shares of Kilroy Realty from a “sell” rating to a “hold” rating in a research note on Tuesday, February 5th. Wells Fargo & Co cut shares of Kilroy Realty from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $82.00 to $72.00 in a research note on Tuesday, December 11th. Finally, Scotiabank initiated coverage on shares of Kilroy Realty in a research note on Tuesday, October 16th. They set a “sector perform” rating on the stock. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Kilroy Realty has an average rating of “Buy” and an average target price of $77.75.

Institutional investors have recently modified their holdings of the business. Laurel Wealth Advisors LLC bought a new stake in Kilroy Realty in the fourth quarter worth about $25,000. Parallel Advisors LLC raised its position in Kilroy Realty by 471.7% in the fourth quarter. Parallel Advisors LLC now owns 526 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 434 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in Kilroy Realty by 6,188.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,451,188 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 2,412,206 shares in the last quarter. Matthew Goff Investment Advisor LLC bought a new stake in Kilroy Realty in the third quarter worth about $153,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in Kilroy Realty in the 3rd quarter worth about $206,000. Hedge funds and other institutional investors own 96.67% of the company’s stock.

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Kilroy Realty Company Profile

Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast's premier landlords. The company has over 70 years of experience developing, acquiring and managing office and mixed-use real estate assets. The company provides physical work environments that foster creativity and productivity and serves a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies.

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