Kilroy Realty Co. (NYSE:KRC) Short Interest Up 5.6% in March

Kilroy Realty Co. (NYSE:KRC) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 7,710,000 shares, an increase of 5.6% from the March 15th total of 7,300,000 shares. Currently, 6.7% of the company’s stock are short sold. Based on an average trading volume of 1,160,000 shares, the short-interest ratio is currently 6.6 days.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on KRC shares. Royal Bank of Canada lowered Kilroy Realty from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $44.00 to $39.00 in a report on Friday, March 8th. KeyCorp lowered their price objective on Kilroy Realty from $47.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, February 28th. Barclays started coverage on Kilroy Realty in a report on Wednesday, March 27th. They set an “equal weight” rating and a $38.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft started coverage on Kilroy Realty in a report on Tuesday, January 30th. They set a “hold” rating and a $40.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Kilroy Realty presently has an average rating of “Hold” and a consensus target price of $39.00.

Institutional Trading of Kilroy Realty

Several institutional investors have recently modified their holdings of the company. Atlas Capital Advisors LLC acquired a new stake in shares of Kilroy Realty during the 1st quarter worth approximately $99,000. Ballentine Partners LLC grew its holdings in shares of Kilroy Realty by 2.7% during the 1st quarter. Ballentine Partners LLC now owns 16,809 shares of the real estate investment trust’s stock worth $612,000 after purchasing an additional 438 shares in the last quarter. Perpetual Ltd acquired a new stake in shares of Kilroy Realty during the 1st quarter worth approximately $1,362,000. Green Alpha Advisors LLC grew its holdings in shares of Kilroy Realty by 20.7% during the 1st quarter. Green Alpha Advisors LLC now owns 53,420 shares of the real estate investment trust’s stock worth $1,946,000 after purchasing an additional 9,171 shares in the last quarter. Finally, Pensionfund Sabic grew its holdings in shares of Kilroy Realty by 22.2% during the 1st quarter. Pensionfund Sabic now owns 5,500 shares of the real estate investment trust’s stock worth $200,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 94.22% of the company’s stock.

Kilroy Realty Stock Performance

KRC opened at $32.40 on Thursday. The firm has a market capitalization of $3.80 billion, a P/E ratio of 18.00, a price-to-earnings-growth ratio of 2.45 and a beta of 1.02. The stock’s 50 day moving average price is $35.36 and its two-hundred day moving average price is $34.93. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 0.87. Kilroy Realty has a 12-month low of $25.99 and a 12-month high of $43.37.

Kilroy Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 29th were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 6.67%. The ex-dividend date of this dividend was Wednesday, March 27th. Kilroy Realty’s dividend payout ratio (DPR) is currently 120.00%.

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.