Kilroy Realty (NYSE:KRC) Price Target Cut to $39.00 by Analysts at Royal Bank of Canada

Kilroy Realty (NYSE:KRC) had its price objective decreased by Royal Bank of Canada from $44.00 to $39.00 in a research report report published on Monday,Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the real estate investment trust’s stock.

A number of other brokerages have also weighed in on KRC. Barclays upgraded shares of Kilroy Realty from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $42.00 to $44.00 in a report on Thursday, February 27th. Jefferies Financial Group lowered shares of Kilroy Realty from a “buy” rating to a “hold” rating and cut their price target for the company from $45.00 to $41.00 in a research report on Thursday, January 2nd. Mizuho reaffirmed a “neutral” rating and set a $43.00 price objective (down from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. Evercore ISI lowered their target price on Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a research note on Wednesday, February 12th. Finally, Wells Fargo & Company lowered Kilroy Realty from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $43.00 to $35.00 in a research report on Monday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $40.73.

Kilroy Realty Price Performance

Shares of NYSE:KRC opened at $33.18 on Monday. Kilroy Realty has a one year low of $30.71 and a one year high of $43.78. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.21 and a quick ratio of 2.21. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 18.74 and a beta of 1.02. The company’s fifty day moving average price is $36.68 and its 200-day moving average price is $38.47.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts anticipate that Kilroy Realty will post 4 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 6.51%. The ex-dividend date of this dividend is Monday, March 31st. Kilroy Realty’s dividend payout ratio (DPR) is currently 122.03%.

Insider Buying and Selling at Kilroy Realty

In related news, CEO Angela M. Aman bought 2,797 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were purchased at an average price of $35.45 per share, with a total value of $99,153.65. Following the purchase, the chief executive officer now owns 2,797 shares of the company’s stock, valued at approximately $99,153.65. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.49% of the company’s stock.

Institutional Trading of Kilroy Realty

Several institutional investors and hedge funds have recently bought and sold shares of KRC. CWA Asset Management Group LLC purchased a new position in shares of Kilroy Realty in the 3rd quarter valued at approximately $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 valued at $1,328,000 after buying an additional 25,492 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Kilroy Realty by 1.3% during 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 in the last quarter. GAMMA Investing LLC boosted its holdings 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 buying an additional 374 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Kilroy Realty by 428.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 850,975 shares of the real estate investment trust’s stock worth $32,933,000 after buying an additional 689,962 shares during the period. 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.