Insider Selling: Kilroy Realty Corporation (NYSE:KRC) EVP Sells 3,997 Shares of Stock

Key Points

• Eliott Trencher, EVP of Kilroy Realty Corporation, sold 3,997 shares at an average price of $38.05, reducing his ownership by 8.36% and bringing his total holdings to 43,826 shares.
• Kilroy Realty reported Q2 earnings of $1.13 per share, exceeding analysts' expectations, with revenues of $289.89 million, up 3.3% year-over-year.
• The company declared a quarterly dividend of $0.54, resulting in an annualized dividend of $2.16 and a yield of 5.7%, despite having a high payout ratio of 117.39%.

Kilroy Realty Corporation (NYSE:KRC - Get Free Report) EVP Eliott Trencher sold 3,997 shares of the business's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $38.05, for a total transaction of $152,085.85. Following the completion of the transaction, the executive vice president owned 43,826 shares of the company's stock, valued at approximately $1,667,579.30. The trade was a 8.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kilroy Realty Stock Performance

KRC traded up $1.36 during mid-day trading on Tuesday, reaching $37.90. 1,054,630 shares of the company traded hands, compared to its average volume of 1,523,005. The stock has a market capitalization of $4.48 billion, a P/E ratio of 20.60 and a beta of 1.22. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.82. The company's fifty day moving average price is $35.98 and its 200-day moving average price is $34.22. Kilroy Realty Corporation has a 52-week low of $27.07 and a 52-week high of $43.78.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.13 EPS for the quarter, topping the consensus estimate of $1.01 by $0.12. The firm had revenue of $289.89 million during the quarter, compared to analyst estimates of $268.84 million. Kilroy Realty had a return on equity of 3.92% and a net margin of 19.29%. Kilroy Realty's revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.10 EPS. On average, sell-side analysts expect that Kilroy Realty Corporation will post 4 EPS for the current year.

Kilroy Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Monday, June 30th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 5.7%. The ex-dividend date was Monday, June 30th. Kilroy Realty's dividend payout ratio is 117.39%.

Institutional Investors Weigh In On Kilroy Realty

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. increased its stake in Kilroy Realty by 23.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,205 shares of the real estate investment trust's stock worth $203,000 after buying an additional 1,168 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in Kilroy Realty by 1.7% in the 1st quarter. Asset Management One Co. Ltd. now owns 157,796 shares of the real estate investment trust's stock worth $5,169,000 after buying an additional 2,586 shares in the last quarter. Fifth Third Bancorp increased its stake in Kilroy Realty by 70.4% in the 1st quarter. Fifth Third Bancorp now owns 4,298 shares of the real estate investment trust's stock worth $141,000 after buying an additional 1,775 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in Kilroy Realty in the 1st quarter worth $251,000. Finally, GAMMA Investing LLC increased its stake in Kilroy Realty by 2,913.6% in the 1st quarter. GAMMA Investing LLC now owns 55,692 shares of the real estate investment trust's stock worth $1,700,000 after buying an additional 53,844 shares in the last quarter. 94.22% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on KRC shares. Evercore ISI boosted their price objective on shares of Kilroy Realty from $35.00 to $43.00 and gave the stock an "in-line" rating in a report on Wednesday, July 30th. Wells Fargo & Company decreased their price objective on shares of Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. Royal Bank Of Canada boosted their price objective on shares of Kilroy Realty from $39.00 to $40.00 and gave the stock a "sector perform" rating in a report on Thursday, August 7th. Mizuho decreased their price objective on shares of Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating for the company in a report on Monday, July 14th. Finally, Scotiabank decreased their target price on shares of Kilroy Realty from $38.00 to $37.00 and set a "sector underperform" rating for the company in a research note on Monday, July 14th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Kilroy Realty currently has an average rating of "Hold" and a consensus price target of $38.00.

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.

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