Kilroy Realty Co. (NYSE:KRC – Get Rating) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 3,900,000 shares, a growth of 48.3% from the December 31st total of 2,630,000 shares. Based on an average trading volume of 952,400 shares, the short-interest ratio is currently 4.1 days. Approximately 3.4% of the shares of the stock are short sold.
Kilroy Realty Stock Up 4.3 %
KRC traded up $1.68 on Friday, hitting $40.81. The company had a trading volume of 976,497 shares, compared to its average volume of 987,290. Kilroy Realty has a 52-week low of $37.15 and a 52-week high of $79.06. The stock has a fifty day simple moving average of $39.76 and a 200-day simple moving average of $44.55. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.70 and a quick ratio of 1.70. The firm has a market capitalization of $4.77 billion, a P/E ratio of 21.15, a P/E/G ratio of 1.63 and a beta of 0.82.
Kilroy Realty Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 11th. Investors of record on Friday, December 30th were paid a $0.54 dividend. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $2.16 annualized dividend and a yield of 5.29%. Kilroy Realty’s payout ratio is 111.92%.
Hedge Funds Weigh In On Kilroy Realty
A number of institutional investors have recently added to or reduced their stakes in the company. PGGM Investments purchased a new position in shares of Kilroy Realty during the third quarter valued at approximately $80,812,000. Long Pond Capital LP raised its stake in Kilroy Realty by 158.9% during the third quarter. Long Pond Capital LP now owns 2,493,651 shares of the real estate investment trust’s stock valued at $105,008,000 after buying an additional 1,530,644 shares during the last quarter. State Street Corp boosted its holdings in Kilroy Realty by 15.1% in the first quarter. State Street Corp now owns 6,174,949 shares of the real estate investment trust’s stock worth $475,035,000 after acquiring an additional 811,897 shares in the last quarter. Waterfront Capital Partners LLC grew its stake in shares of Kilroy Realty by 208.8% in the second quarter. Waterfront Capital Partners LLC now owns 1,200,455 shares of the real estate investment trust’s stock worth $62,820,000 after acquiring an additional 811,755 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Kilroy Realty by 952.3% during the second quarter. Millennium Management LLC now owns 707,793 shares of the real estate investment trust’s stock valued at $37,039,000 after acquiring an additional 640,533 shares in the last quarter. Institutional investors own 89.86% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on KRC shares. Scotiabank cut shares of Kilroy Realty from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the stock from $53.00 to $43.00 in a research report on Tuesday. Mizuho decreased their price objective on Kilroy Realty from $55.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, January 4th. Wells Fargo & Company dropped their target price on Kilroy Realty to $46.00 in a report on Wednesday, December 14th. JPMorgan Chase & Co. decreased their price target on Kilroy Realty from $54.00 to $47.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, Robert W. Baird lowered Kilroy Realty from an “outperform” rating to a “neutral” rating and set a $49.00 price objective for the company. in a research note on Monday, October 10th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Kilroy Realty currently has an average rating of “Hold” and a consensus price target of $55.07.
About Kilroy Realty
Kilroy Realty Corp. operates as a self-administered real estate investment trust, which engages in the development, acquisition, and management of office and mixed-use real estate assets. It owns, develops, acquires and manages real estate assets, consisting primarily of Class A properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area, and Greater Seattle.