Kilroy Realty Corporation (NYSE:KRC) CAO Merryl Elizabeth Werber Sells 6,250 Shares

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 firm's 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 $1,011,931.80. The trade was a 19.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Kilroy Realty Trading Up 0.9%

Shares of NYSE:KRC traded up $0.34 during midday trading on Friday, reaching $38.67. The company's stock had a trading volume of 1,325,566 shares, compared to its average volume of 1,514,378. The firm has a market cap of $4.57 billion, a price-to-earnings ratio of 21.02 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 Corporation has a 1 year low of $27.07 and a 1 year high of $43.78. The business has a 50 day moving average price of $36.33 and a 200 day moving average price of $34.26.

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

Kilroy Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Monday, June 30th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date was Monday, June 30th. Kilroy Realty's dividend payout ratio is presently 117.39%.

Institutional Trading of Kilroy Realty

Large investors have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Kilroy Realty during the 2nd quarter worth $310,746,000. State Street Corp lifted its position in Kilroy Realty by 1.2% in the 2nd quarter. State Street Corp now owns 5,841,917 shares of the real estate investment trust's stock worth $203,514,000 after buying an additional 67,546 shares in the last quarter. APG Asset Management US Inc. grew its stake in Kilroy Realty by 5.3% in the first quarter. APG Asset Management US Inc. now owns 4,611,122 shares of the real estate investment trust's stock valued at $151,521,000 after purchasing an additional 230,236 shares in the last quarter. Resolution Capital Ltd increased its holdings in Kilroy Realty by 12.6% in the fourth quarter. Resolution Capital Ltd now owns 4,487,655 shares of the real estate investment trust's stock worth $181,526,000 after buying an additional 500,635 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in Kilroy Realty by 168.6% in the second quarter. Daiwa Securities Group Inc. now owns 3,562,992 shares of the real estate investment trust's stock worth $122,246,000 after buying an additional 2,236,539 shares during the last quarter. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on KRC. Mizuho reduced their price target on Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating for the company in a report on Monday, July 14th. BMO Capital Markets cut Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 price objective for the company. in a report on Wednesday, July 16th. Royal Bank Of Canada lifted their price objective on Kilroy Realty from $39.00 to $40.00 and gave the stock a "sector perform" rating in a report on Thursday, August 7th. Evercore ISI lifted their price objective on Kilroy Realty from $35.00 to $43.00 and gave the stock an "in-line" rating in a report on Wednesday, July 30th. Finally, Wells Fargo & Company reduced their price objective on Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price 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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