Kilroy Realty Co. (NYSE:KRC) Given Average Rating of “Hold” by Brokerages

Kilroy Realty Co. (NYSE:KRC) has been given a consensus recommendation of “Hold” by the eleven ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $41.27.

KRC has been the subject of a number of analyst reports. Jefferies Financial Group downgraded shares of Kilroy Realty from a “buy” rating to a “hold” rating and cut their price objective for the stock from $45.00 to $41.00 in a research report on Thursday, January 2nd. Royal Bank of Canada reissued a “sector perform” rating and set a $44.00 price target on shares of Kilroy Realty in a report on Monday, February 10th. Scotiabank lowered Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price objective on the stock. in a report on Thursday, November 14th. Mizuho reiterated a “neutral” rating and set a $43.00 target price (down previously from $45.00) on shares of Kilroy Realty in a research report on Tuesday, January 7th. Finally, Barclays reduced their price target on Kilroy Realty from $43.00 to $42.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd.

Kilroy Realty Stock Performance

Shares of KRC stock opened at $32.71 on Monday. The stock’s 50-day moving average price is $38.17 and its 200 day moving average price is $38.44. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $3.86 billion, a PE ratio of 18.48 and a beta of 1.02. Kilroy Realty has a 52-week low of $30.71 and a 52-week high of $43.78.

Kilroy Realty (NYSE:KRC) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. As a group, equities research analysts forecast that Kilroy Realty will post 4 EPS for the current year.

Kilroy Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 31st were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 6.60%. The ex-dividend date was Tuesday, December 31st. Kilroy Realty’s dividend payout ratio (DPR) is presently 122.03%.

Insider Transactions at Kilroy Realty

In other Kilroy Realty news, insider Heidi Rena Roth sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.28, for a total transaction of $507,360.00. Following the sale, the insider now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.49% of the company’s stock.

Institutional Investors Weigh In On Kilroy Realty

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Creative Planning boosted its stake in Kilroy Realty by 28.0% in the 3rd quarter. Creative Planning now owns 38,595 shares of the real estate investment trust’s stock worth $1,494,000 after buying an additional 8,433 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Kilroy Realty by 202.9% in the third quarter. Blue Trust Inc. now owns 4,138 shares of the real estate investment trust’s stock worth $160,000 after acquiring an additional 2,772 shares during the last quarter. International Assets Investment Management LLC grew its holdings 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 valued at $518,000 after purchasing an additional 13,096 shares during the period. Ballentine Partners LLC increased its position in Kilroy Realty by 8.0% during the third 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. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Kilroy Realty by 24.8% during the third 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 during the period. Hedge funds and other institutional investors own 94.22% of the company’s stock.

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.