Brokerages Set Kilroy Realty Co. (NYSE:KRC) Price Target at $38.43

Kilroy Realty Co. (NYSE:KRC) has been given an average recommendation of “Hold” by the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $38.43.

Several research analysts have weighed in on the company. KeyCorp lowered their target price on Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 2nd. Scotiabank lowered their price objective on shares of Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Wells Fargo & Company cut their price objective on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a research report on Wednesday, September 11th. Finally, Evercore ISI lifted their target price on shares of Kilroy Realty from $38.00 to $40.00 and gave the company an “in-line” rating in a report on Monday, September 16th.

Kilroy Realty Stock Performance

Shares of Kilroy Realty stock opened at $41.68 on Tuesday. The firm’s fifty day simple moving average is $37.79 and its 200-day simple moving average is $34.94. Kilroy Realty has a 12 month low of $26.78 and a 12 month high of $43.78. The stock has a market capitalization of $4.89 billion, a price-to-earnings ratio of 23.95 and a beta of 1.04. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.61 and a quick ratio of 3.61.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.67). Kilroy Realty had a net margin of 17.91% and a return on equity of 3.52%. The business had revenue of $280.73 million during the quarter, compared to analyst estimates of $276.81 million. During the same quarter in the prior year, the firm posted $1.19 earnings per share. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. As a group, equities analysts forecast that Kilroy Realty will post 4.26 earnings per share for the current year.

Kilroy Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.16 annualized dividend and a dividend yield of 5.18%. Kilroy Realty’s payout ratio is currently 124.14%.

Insider Activity

In related news, EVP John Osmond sold 2,628 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total value of $105,120.00. Following the completion of the sale, the executive vice president now owns 8,818 shares in the company, valued at $352,720. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP John Osmond sold 2,628 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total value of $105,120.00. Following the completion of the transaction, the executive vice president now directly owns 8,818 shares of the company’s stock, valued at $352,720. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of Kilroy Realty stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total value of $117,420.00. Following the transaction, the chief accounting officer now directly owns 26,401 shares of the company’s stock, valued at approximately $1,033,335.14. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.49% of the company’s stock.

Institutional Investors Weigh In On Kilroy Realty

Several institutional investors and hedge funds have recently made changes to their positions in KRC. DekaBank Deutsche Girozentrale raised its position in Kilroy Realty by 19.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 46,597 shares of the real estate investment trust’s stock worth $1,768,000 after acquiring an additional 7,533 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Kilroy Realty by 24.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,288 shares of the real estate investment trust’s stock worth $246,000 after purchasing an additional 1,251 shares in the last quarter. Ballentine Partners LLC raised its position in shares of Kilroy Realty by 8.0% during the 3rd quarter. Ballentine Partners LLC now owns 18,733 shares of the real estate investment trust’s stock worth $725,000 after purchasing an additional 1,394 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Kilroy Realty by 4,454.4% in the 3rd quarter. International Assets Investment Management LLC now owns 13,390 shares of the real estate investment trust’s stock valued at $518,000 after buying an additional 13,096 shares in the last quarter. Finally, Venture Visionary Partners LLC grew its holdings in Kilroy Realty by 8.0% during the 3rd quarter. Venture Visionary Partners LLC now owns 44,789 shares of the real estate investment trust’s stock valued at $1,733,000 after buying an additional 3,322 shares during the last quarter. 94.22% of the stock is currently 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.