Insider Selling: Kilroy Realty Co. (NYSE:KRC) EVP Sells 1,000 Shares of Stock

Kilroy Realty Co. (NYSE:KRC – Get Rating) EVP John Osmond sold 1,000 shares of the business’s stock in a transaction on Thursday, May 12th. The stock was sold at an average price of $60.08, for a total value of $60,080.00. Following the completion of the sale, the executive vice president now directly owns 11,749 shares in the company, valued at approximately $705,879.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

NYSE:KRC traded up $1.03 during trading hours on Friday, hitting $61.38. 832,217 shares of the company’s stock traded hands, compared to its average volume of 787,801. The firm has a market cap of $7.16 billion, a P/E ratio of 38.94, a P/E/G ratio of 1.82 and a beta of 0.75. Kilroy Realty Co. has a twelve month low of $58.69 and a twelve month high of $79.06. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.98 and a current ratio of 1.98. The stock’s fifty day moving average price is $72.81 and its two-hundred day moving average price is $69.82.

Kilroy Realty (NYSE:KRC – Get Rating) last posted its quarterly earnings results on Wednesday, April 27th. The real estate investment trust reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.04. The firm had revenue of $265.50 million for the quarter, compared to analyst estimates of $257.03 million. Kilroy Realty had a return on equity of 3.23% and a net margin of 18.65%. Kilroy Realty’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 earnings per share. On average, equities research analysts predict that Kilroy Realty Co. will post 4.47 earnings per share for the current year.

Large investors have recently bought and sold shares of the stock. MUFG Americas Holdings Corp raised its position in Kilroy Realty by 97.0% during the fourth quarter. MUFG Americas Holdings Corp now owns 396 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 195 shares during the period. UMB Bank N A MO grew its stake in Kilroy Realty by 632.7% in the first quarter. UMB Bank N A MO now owns 403 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 348 shares in the last quarter. Acadian Asset Management LLC purchased a new position in Kilroy Realty in the fourth quarter valued at about $31,000. Signaturefd LLC grew its stake in Kilroy Realty by 42.5% in the first quarter. Signaturefd LLC now owns 808 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 241 shares in the last quarter. Finally, Covestor Ltd purchased a new position in Kilroy Realty in the fourth quarter valued at about $89,000. 97.95% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently commented on KRC shares. Mizuho raised Kilroy Realty from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $71.00 to $77.00 in a research note on Thursday, January 20th. Zacks Investment Research downgraded Kilroy Realty from a “buy” rating to a “hold” rating in a research note on Wednesday, April 13th. StockNews.com started coverage on Kilroy Realty in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Bank of America raised Kilroy Realty from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $82.00 to $83.00 in a research report on Friday, February 25th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Kilroy Realty from $74.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, April 14th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Kilroy Realty has a consensus rating of “Buy” and a consensus price target of $80.38.

About Kilroy Realty (Get Rating)

Kilroy Realty Corporation (NYSE: KRC, the company, KRC) is a leading West Coast landlord and developer, with a major presence in San Diego, Greater Los Angeles, the San Francisco Bay Area, and the Pacific Northwest. The company has earned global recognition for sustainability, building operations, innovation and design.

Read More