Short Interest in Kilroy Realty Co. (NYSE:KRC) Drops By 14.6%

Kilroy Realty Co. (NYSE:KRC) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 5,800,000 shares, a decline of 14.6% from the May 31st total of 6,790,000 shares. Based on an average daily volume of 941,700 shares, the short-interest ratio is currently 6.2 days. Currently, 5.1% of the company’s shares are sold short.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KRC. Royal Bank of Canada downgraded shares of Kilroy Realty from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $44.00 to $39.00 in a report on Friday, March 8th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Kilroy Realty from $40.00 to $34.00 and set a “hold” rating on the stock in a report on Thursday, May 30th. Finally, Barclays began coverage on shares of Kilroy Realty in a report on Wednesday, March 27th. They set an “equal weight” rating and a $38.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Kilroy Realty presently has an average rating of “Hold” and an average target price of $38.50.

Insider Transactions at Kilroy Realty

In other news, insider A. Robert Paratte sold 12,000 shares of Kilroy Realty stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $33.35, for a total value of $400,200.00. Following the completion of the sale, the insider now owns 68,139 shares in the company, valued at approximately $2,272,435.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 3,329 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $33.66, for a total transaction of $112,054.14. Following the completion of the sale, the chief accounting officer now owns 29,081 shares in the company, valued at approximately $978,866.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider A. Robert Paratte sold 12,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $33.35, for a total transaction of $400,200.00. Following the sale, the insider now owns 68,139 shares of the company’s stock, valued at approximately $2,272,435.65. The disclosure for this sale can be found here. Corporate insiders own 2.49% of the company’s stock.

Institutional Trading of Kilroy Realty

A number of institutional investors have recently made changes to their positions in KRC. Norges Bank purchased a new stake in shares of Kilroy Realty during the fourth quarter valued at approximately $360,831,000. Janus Henderson Group PLC boosted its stake in shares of Kilroy Realty by 2,767.7% during the first quarter. Janus Henderson Group PLC now owns 1,648,027 shares of the real estate investment trust’s stock valued at $59,991,000 after purchasing an additional 1,590,558 shares during the period. Rush Island Management LP purchased a new stake in Kilroy Realty in the third quarter worth $35,572,000. Wellington Management Group LLP purchased a new stake in Kilroy Realty in the third quarter worth $25,093,000. Finally, Senvest Management LLC lifted its stake in Kilroy Realty by 21.4% in the fourth quarter. Senvest Management LLC now owns 3,595,212 shares of the real estate investment trust’s stock worth $143,233,000 after acquiring an additional 634,136 shares during the period. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Kilroy Realty Price Performance

NYSE KRC traded up $0.11 on Monday, reaching $31.28. 758,280 shares of the company’s stock traded hands, compared to its average volume of 1,062,762. Kilroy Realty has a 12 month low of $26.78 and a 12 month high of $43.37. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.30 and a quick ratio of 3.30. The stock has a 50-day simple moving average of $32.94 and a 200 day simple moving average of $35.51. The stock has a market cap of $3.67 billion, a PE ratio of 17.98 and a beta of 1.04.

Kilroy Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 28th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 6.91%. The ex-dividend date of this dividend is Friday, June 28th. Kilroy Realty’s payout ratio is currently 124.14%.

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.