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

Kilroy Realty Co. (NYSE:KRC) saw a significant 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 daily volume of 1,390,000 shares, the days-to-cover ratio is currently 5.1 days. Approximately 6.1% of the company’s shares are short sold.

Kilroy Realty Stock Up 1.3 %

KRC stock traded up $0.46 during midday trading on Wednesday, reaching $34.62. 1,312,283 shares of the company’s stock traded hands, compared to its average volume of 1,515,600. Kilroy Realty has a 52 week low of $30.71 and a 52 week high of $43.78. The company has a market cap of $4.09 billion, a price-to-earnings ratio of 19.56 and a beta of 1.02. The firm’s fifty day moving average price is $35.88 and its 200-day moving average price is $38.34. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.82.

Kilroy Realty (NYSE:KRC) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share for the quarter, topping 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%. As a group, sell-side analysts forecast that Kilroy Realty will post 4 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be given a dividend of $0.54 per share. The ex-dividend date is Monday, March 31st. This represents a $2.16 annualized dividend and a dividend yield of 6.24%. Kilroy Realty’s payout ratio is 122.03%.

Insider Buying and Selling

In related news, CEO Angela M. Aman purchased 2,797 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was bought at an average price of $35.45 per share, with a total value of $99,153.65. Following the completion of the purchase, the chief executive officer now owns 2,797 shares in the company, valued at approximately $99,153.65. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 2.49% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kilroy Realty

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB bought a new stake in shares of Kilroy Realty in the 3rd quarter worth $34,000. Summit Securities Group LLC purchased a new stake in Kilroy Realty in the 4th quarter valued at about $49,000. GAMMA Investing LLC lifted its position in shares of Kilroy Realty by 25.4% during the 4th quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust’s stock worth $75,000 after buying an additional 374 shares in the last quarter. GF Fund Management CO. LTD. purchased a new position in shares of Kilroy Realty in the 4th quarter worth approximately $82,000. Finally, Fifth Third Bancorp grew its holdings in shares of Kilroy Realty by 31.7% in the fourth quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust’s stock valued at $102,000 after acquiring an additional 607 shares in the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on KRC shares. Jefferies Financial Group started coverage on shares of Kilroy Realty in a report on Monday. They set a “hold” rating and a $34.00 price target for the company. Barclays upgraded shares of Kilroy Realty from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $42.00 to $44.00 in a report on Thursday, February 27th. Evercore ISI lowered their price objective on Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a research report on Wednesday, February 12th. Mizuho restated a “neutral” rating and set a $43.00 target price (down previously from $45.00) on shares of Kilroy Realty in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group lowered their target price on Kilroy Realty from $48.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Kilroy Realty presently has an average 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.