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

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

Wall Street Analysts Forecast Growth

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

Kilroy Realty Stock Performance

KRC opened at $31.17 on Friday. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 17.91 and a beta of 1.03. The company has a fifty day moving average of $32.98 and a 200 day moving average of $35.62. Kilroy Realty has a fifty-two week low of $26.78 and a fifty-two week high of $43.37. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.30 and a current ratio of 3.30.

Kilroy Realty Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Friday, June 28th. This represents a $2.16 annualized dividend and a yield of 6.93%. Kilroy Realty’s dividend payout ratio (DPR) is currently 124.14%.

Insider Transactions at Kilroy Realty

In related news, insider A. Robert Paratte sold 12,000 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 68,139 shares in the company, valued at $2,272,435.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider A. Robert Paratte sold 12,000 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 68,139 shares in the company, valued at $2,272,435.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Merryl Elizabeth Werber sold 3,329 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $33.66, for a total transaction of $112,054.14. Following the completion of the transaction, the chief accounting officer now owns 29,081 shares in the company, valued at $978,866.46. The disclosure for this sale can be found here. Insiders own 2.49% of the company’s stock.

Hedge Funds Weigh In On Kilroy Realty

Several institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC lifted its position in Kilroy Realty by 6.4% during the fourth quarter. Parallel Advisors LLC now owns 4,932 shares of the real estate investment trust’s stock valued at $196,000 after purchasing an additional 295 shares during the last quarter. Wiser Advisor Group LLC lifted its position in Kilroy Realty by 67.5% during the first quarter. Wiser Advisor Group LLC now owns 757 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 305 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Kilroy Realty by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 67,153 shares of the real estate investment trust’s stock valued at $2,444,000 after purchasing an additional 349 shares during the last quarter. Ballentine Partners LLC lifted its position in Kilroy Realty by 2.7% during the first quarter. Ballentine Partners LLC now owns 16,809 shares of the real estate investment trust’s stock valued at $612,000 after purchasing an additional 438 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its position in Kilroy Realty by 0.3% during the first quarter. New York State Teachers Retirement System now owns 150,996 shares of the real estate investment trust’s stock valued at $5,501,000 after purchasing an additional 501 shares during the last quarter. Institutional investors own 94.22% of the company’s stock.

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.