Short Interest in Kilroy Realty Co. (NYSE:KRC) Rises By 33.2%

Kilroy Realty Co. (NYSE:KRCGet Rating) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 3,370,000 shares, a growth of 33.2% from the October 15th total of 2,530,000 shares. Based on an average daily volume of 1,050,000 shares, the short-interest ratio is presently 3.2 days. Approximately 2.9% of the shares of the company are short sold.

Institutional Trading of Kilroy Realty

Several hedge funds have recently added to or reduced their stakes in KRC. Royal Bank of Canada increased its holdings in Kilroy Realty by 98.3% during the 3rd quarter. Royal Bank of Canada now owns 13,195 shares of the real estate investment trust’s stock worth $556,000 after purchasing an additional 6,540 shares in the last quarter. Allstate Corp grew its holdings in shares of Kilroy Realty by 165.4% in the 3rd quarter. Allstate Corp now owns 71,165 shares of the real estate investment trust’s stock valued at $2,997,000 after acquiring an additional 44,355 shares in the last quarter. Tudor Investment Corp Et Al grew its holdings in shares of Kilroy Realty by 151.9% in the 3rd quarter. Tudor Investment Corp Et Al now owns 55,479 shares of the real estate investment trust’s stock valued at $2,336,000 after acquiring an additional 33,452 shares in the last quarter. Virtus ETF Advisers LLC grew its holdings in shares of Kilroy Realty by 25.2% in the 3rd quarter. Virtus ETF Advisers LLC now owns 29,785 shares of the real estate investment trust’s stock valued at $1,254,000 after acquiring an additional 5,990 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of Kilroy Realty by 385.0% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 152,864 shares of the real estate investment trust’s stock valued at $6,437,000 after acquiring an additional 121,344 shares in the last quarter. Institutional investors and hedge funds own 90.12% of the company’s stock.

Kilroy Realty Stock Down 3.8 %

Shares of KRC opened at $42.76 on Tuesday. The firm has a market capitalization of $5.00 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 1.43 and a beta of 0.82. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.70 and a current ratio of 1.70. The business’s fifty day moving average price is $43.87 and its two-hundred day moving average price is $51.19. Kilroy Realty has a 52 week low of $38.91 and a 52 week high of $79.06.

Kilroy Realty Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 12th. Investors of record on Friday, September 30th were paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 5.05%. The ex-dividend date of this dividend was Thursday, September 29th. This is an increase from Kilroy Realty’s previous quarterly dividend of $0.52. Kilroy Realty’s dividend payout ratio (DPR) is presently 111.92%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on KRC shares. Deutsche Bank Aktiengesellschaft cut their price target on Kilroy Realty from $60.00 to $47.00 and set a “hold” rating for the company in a report on Thursday, October 13th. Evercore ISI cut their price target on Kilroy Realty from $61.00 to $59.00 and set an “in-line” rating for the company in a report on Tuesday, September 27th. Mizuho cut their price target on Kilroy Realty from $60.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday, October 19th. Credit Suisse Group lowered their price objective on Kilroy Realty to $38.00 in a research note on Thursday, October 20th. Finally, StockNews.com started coverage on Kilroy Realty in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Kilroy Realty currently has a consensus rating of “Hold” and a consensus target price of $59.08.

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.

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