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

Kilroy Realty Co. (NYSE:KRC) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 7,040,000 shares, a drop 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 shares of the company are sold short.

Insider Buying and Selling at Kilroy Realty

In related news, CEO Angela M. Aman acquired 2,797 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were bought at an average cost of $35.45 per share, with a total value of $99,153.65. Following the completion of the transaction, the chief executive officer now directly owns 2,797 shares of the company’s stock, valued at $99,153.65. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.49% of the company’s stock.

Hedge Funds Weigh In On Kilroy Realty

A number of institutional investors have recently added to or reduced their stakes in KRC. State of Alaska Department of Revenue increased its holdings in shares of Kilroy Realty by 0.4% during the fourth quarter. State of Alaska Department of Revenue now owns 68,456 shares of the real estate investment trust’s stock worth $2,768,000 after buying an additional 276 shares in the last quarter. Choreo LLC increased its holdings in Kilroy Realty by 3.2% in the 4th quarter. Choreo LLC now owns 8,852 shares of the real estate investment trust’s stock worth $358,000 after purchasing an additional 278 shares in the last quarter. M&T Bank Corp raised its position in Kilroy Realty by 1.3% in the fourth quarter. M&T Bank Corp now owns 22,889 shares of the real estate investment trust’s stock valued at $926,000 after purchasing an additional 293 shares during the last quarter. US Bancorp DE raised its position in Kilroy Realty by 3.4% in the fourth quarter. US Bancorp DE now owns 9,680 shares of the real estate investment trust’s stock valued at $392,000 after purchasing an additional 317 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in shares of Kilroy Realty by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 51,388 shares of the real estate investment trust’s stock worth $2,079,000 after purchasing an additional 320 shares during the last quarter. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Kilroy Realty Price Performance

Shares of NYSE:KRC traded up $0.46 during midday trading on Wednesday, hitting $34.62. The stock had a trading volume of 1,312,283 shares, compared to its average volume of 1,515,600. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $4.09 billion, a P/E ratio of 19.56 and a beta of 1.02. The company’s 50-day moving average price is $35.88 and its 200-day moving average price is $38.34. Kilroy Realty has a fifty-two week low of $30.71 and a fifty-two week high of $43.78.

Kilroy Realty (NYSE:KRC) last released its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. As a group, equities research analysts predict that Kilroy Realty will post 4 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be issued a $0.54 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.24%. Kilroy Realty’s dividend payout ratio (DPR) is currently 122.03%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Kilroy Realty in a research report on Monday. They set a “hold” rating and a $34.00 price objective for the company. The Goldman Sachs Group dropped their price target on Kilroy Realty from $48.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Wells Fargo & Company cut Kilroy Realty from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $43.00 to $35.00 in a research report on Monday, March 10th. Mizuho reissued a “neutral” rating and issued a $43.00 target price (down previously from $45.00) on shares of Kilroy Realty in a research report on Tuesday, January 7th. Finally, Evercore ISI lowered their price target on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating on the stock in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Kilroy Realty presently has a consensus rating of “Hold” and an average 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.