Short Interest in Kilroy Realty Co. (NYSE:KRC) Rises By 5.6%

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

Kilroy Realty Stock Up 0.0 %

KRC opened at $32.40 on Thursday. The business has a 50 day moving average price of $35.36 and a two-hundred day moving average price of $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. The company has a market cap of $3.80 billion, a PE ratio of 18.00, a P/E/G ratio of 2.45 and a beta of 1.02. Kilroy Realty has a 52 week low of $25.99 and a 52 week high of $43.37.

Kilroy Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 29th were paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 6.67%. The ex-dividend date of this dividend was Wednesday, March 27th. Kilroy Realty’s dividend payout ratio is presently 120.00%.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Kilroy Realty

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in Kilroy Realty during the 4th quarter worth approximately $360,831,000. JPMorgan Chase & Co. increased its position in Kilroy Realty by 116.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,892,931 shares of the real estate investment trust’s stock worth $91,446,000 after purchasing an additional 1,555,820 shares during the period. Rush Island Management LP acquired a new position in Kilroy Realty during the 3rd quarter worth approximately $35,572,000. Millennium Management LLC increased its position in Kilroy Realty by 90.5% during the 4th quarter. Millennium Management LLC now owns 2,230,415 shares of the real estate investment trust’s stock worth $86,250,000 after purchasing an additional 1,059,563 shares during the period. Finally, Senvest Management LLC increased its position in Kilroy Realty by 39.5% during the 3rd quarter. Senvest Management LLC now owns 2,961,076 shares of the real estate investment trust’s stock worth $93,600,000 after purchasing an additional 837,755 shares during the period. 94.22% of the stock is owned by hedge funds and other institutional investors.

Kilroy Realty Company Profile

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.