Merryl Elizabeth Werber Sells 6,250 Shares of Kilroy Realty (NYSE:KRC) Stock

Key Points

• Merryl Elizabeth Werber, Chief Accounting Officer of Kilroy Realty, sold 6,250 shares of the company's stock at an average price of $38.28, reducing her ownership by 19.12%.
• KRC reported a 1.13 EPS for the last quarter, exceeding analyst expectations of $1.01, with revenue rising by 3.3% year-over-year.
• The company declared a quarterly dividend of $0.54 per share, resulting in a 5.6% dividend yield and a payout ratio of 117.39%.

Kilroy Realty Corporation (NYSE:KRC - Get Free Report) CAO Merryl Elizabeth Werber sold 6,250 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $38.28, for a total transaction of $239,250.00. Following the transaction, the chief accounting officer directly owned 26,435 shares in the company, valued at approximately $1,011,931.80. This represents a 19.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Kilroy Realty Stock Down 0.5%

KRC traded down $0.1850 during midday trading on Wednesday, hitting $38.9350. The company had a trading volume of 1,381,808 shares, compared to its average volume of 1,881,770. The stock's 50 day moving average price is $36.53 and its 200 day moving average price is $34.27. Kilroy Realty Corporation has a 52 week low of $27.07 and a 52 week high of $43.78. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 21.16 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.

Kilroy Realty (NYSE:KRC - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.12. Kilroy Realty had a net margin of 19.29% and a return on equity of 3.92%. The company had revenue of $289.89 million for the quarter, compared to analysts' expectations of $268.84 million. During the same quarter in the prior year, the firm earned $1.10 EPS. The business's revenue was up 3.3% on a year-over-year basis. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. On average, research analysts anticipate that Kilroy Realty Corporation will post 4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kilroy Realty

A number of hedge funds have recently bought and sold shares of the company. American National Bank & Trust purchased a new stake in shares of Kilroy Realty in the second quarter valued at about $25,000. Quaker Wealth Management LLC grew its position in Kilroy Realty by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 755 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 1,510 shares in the last quarter. Allworth Financial LP increased its stake in Kilroy Realty by 192.1% in the 1st quarter. Allworth Financial LP now owns 964 shares of the real estate investment trust's stock valued at $31,000 after buying an additional 634 shares during the last quarter. Harbor Asset Planning Inc. bought a new position in shares of Kilroy Realty during the 2nd quarter worth approximately $34,000. Finally, UMB Bank n.a. lifted its position in shares of Kilroy Realty by 46.0% during the 2nd quarter. UMB Bank n.a. now owns 1,694 shares of the real estate investment trust's stock worth $58,000 after buying an additional 534 shares in the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on KRC shares. Scotiabank decreased their price objective on Kilroy Realty from $38.00 to $37.00 and set a "sector underperform" rating for the company in a report on Monday, July 14th. Wells Fargo & Company reduced their price target on shares of Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating for the company in a research report on Monday, May 19th. BMO Capital Markets lowered shares of Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 price target for the company. in a research note on Wednesday, July 16th. Royal Bank Of Canada raised their price objective on shares of Kilroy Realty from $39.00 to $40.00 and gave the company a "sector perform" rating in a research note on Thursday, August 7th. Finally, Evercore ISI reduced their price objective on shares of Kilroy Realty from $43.00 to $42.00 and set an "in-line" rating for the company in a report on Monday. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Kilroy Realty currently has a consensus rating of "Hold" and an average target price of $37.91.

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.