Kilroy Realty’s (KRC) Sector Perform Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reiterated their sector perform rating on shares of Kilroy Realty (NYSE:KRC) in a research report sent to investors on Monday morning,Benzinga reports. Royal Bank of Canada currently has a $44.00 price target on the real estate investment trust’s stock.

A number of other equities analysts also recently issued reports on KRC. JPMorgan Chase & Co. raised Kilroy Realty from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $45.00 to $49.00 in a research note on Friday, December 20th. Evercore ISI increased their price objective on Kilroy Realty from $40.00 to $41.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Barclays decreased their target price on shares of Kilroy Realty from $43.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. Scotiabank downgraded shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price target for the company. in a report on Thursday, November 14th. Finally, Mizuho reissued a “neutral” rating and set a $43.00 price objective (down previously from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $41.20.

Kilroy Realty Price Performance

Shares of NYSE KRC opened at $36.82 on Monday. The stock has a fifty day moving average price of $39.39 and a 200 day moving average price of $38.45. Kilroy Realty has a 1-year low of $30.71 and a 1-year high of $43.78. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 3.08. The company has a market cap of $4.35 billion, a PE ratio of 22.05 and a beta of 1.02.

Kilroy Realty (NYSE:KRC) last released its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 EPS for the quarter, topping the consensus estimate of $1.03 by $0.17. Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. Sell-side analysts forecast that Kilroy Realty will post 4.41 EPS for the current year.

Kilroy Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 31st were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.16 annualized dividend and a dividend yield of 5.87%. Kilroy Realty’s dividend payout ratio is currently 129.34%.

Insider Activity at Kilroy Realty

In other news, insider Heidi Rena Roth sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.28, for a total value of $507,360.00. Following the completion of the transaction, the insider now owns 50,211 shares of the company’s stock, valued at $2,122,921.08. The trade was a 19.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.49% of the stock is owned by corporate insiders.

Institutional Trading of Kilroy Realty

Several hedge funds and other institutional investors have recently bought and sold shares of KRC. CWA Asset Management Group LLC acquired a new stake in shares of Kilroy Realty during the third quarter worth $476,000. Vestcor Inc lifted its position in Kilroy Realty by 289.0% during the third quarter. Vestcor Inc now owns 34,313 shares of the real estate investment trust’s stock worth $1,328,000 after buying an additional 25,492 shares during the period. International Assets Investment Management LLC boosted 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 worth $518,000 after buying an additional 13,096 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Kilroy Realty by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,171,717 shares of the real estate investment trust’s stock valued at $84,045,000 after buying an additional 27,660 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Kilroy Realty by 25.4% during the 4th quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust’s stock valued at $75,000 after acquiring an additional 374 shares during the last quarter. 94.22% of the stock is owned by hedge funds and other 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.