Analysts Set Kilroy Realty Co. (NYSE:KRC) Target Price at $39.43

Kilroy Realty Co. (NYSE:KRC) has earned a consensus rating of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $39.43.

KRC has been the subject of a number of recent research reports. Evercore ISI boosted their price objective on Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Wells Fargo & Company reduced 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 note on Wednesday, September 11th. Barclays lifted their target price on shares of Kilroy Realty from $38.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Finally, Scotiabank lowered Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price target for the company. in a research note on Thursday, November 14th.

Kilroy Realty Stock Performance

Shares of KRC stock opened at $41.74 on Wednesday. The company has a 50 day moving average price of $40.43 and a 200-day moving average price of $36.58. The firm has a market capitalization of $4.93 billion, a PE ratio of 25.00 and a beta of 1.03. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.89. Kilroy Realty has a 52 week low of $30.71 and a 52 week high of $43.78.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.60). The business had revenue of $289.94 million during the quarter, compared to analysts’ expectations of $275.77 million. Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.12 EPS. As a group, equities research analysts expect that Kilroy Realty will post 4.41 earnings per share for the current year.

Kilroy Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.54 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.16 annualized dividend and a yield of 5.17%. Kilroy Realty’s payout ratio is 129.34%.

Insider Buying and Selling at Kilroy Realty

In related news, EVP John Osmond sold 2,628 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total value of $105,120.00. Following the sale, the executive vice president now owns 8,818 shares in the company, valued at approximately $352,720. The trade was a 22.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Heidi Rena Roth sold 12,000 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.28, for a total transaction of $507,360.00. Following the transaction, the insider now owns 50,211 shares of the company’s stock, valued at $2,122,921.08. This trade represents a 19.29 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,628 shares of company stock worth $729,900. Insiders own 2.49% of the company’s stock.

Institutional Trading of Kilroy Realty

A number of large investors have recently made changes to their positions in KRC. Waterfall Asset Management LLC bought a new stake in Kilroy Realty during the second quarter worth approximately $1,309,000. CWA Asset Management Group LLC bought a new position in shares of Kilroy Realty during the 3rd quarter valued at approximately $476,000. Edgestream Partners L.P. bought a new position in shares of Kilroy Realty during the 2nd quarter valued at approximately $1,178,000. Vestcor Inc raised its holdings in Kilroy Realty by 289.0% during the 3rd quarter. Vestcor Inc now owns 34,313 shares of the real estate investment trust’s stock valued at $1,328,000 after buying an additional 25,492 shares during the period. Finally, International Assets Investment Management LLC lifted its position in Kilroy Realty by 4,454.4% in the third quarter. International Assets Investment Management LLC now owns 13,390 shares of the real estate investment trust’s stock worth $518,000 after buying an additional 13,096 shares during the last quarter. 94.22% of the stock is currently owned by institutional investors.

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.