Kilroy Realty (NYSE:KRC) Now Covered by Analysts at Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of Kilroy Realty (NYSE:KRC) in a report issued on Monday, MarketBeat.com reports. The firm issued a hold rating and a $34.00 price target on the real estate investment trust’s stock.

KRC has been the topic of several other research reports. Barclays upgraded shares of Kilroy Realty from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $42.00 to $44.00 in a research report on Thursday, February 27th. Royal Bank of Canada lowered their price objective on shares of Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating on the stock in a research report on Monday, March 10th. JPMorgan Chase & Co. raised shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and increased their target price for the company from $45.00 to $49.00 in a report on Friday, December 20th. The Goldman Sachs Group reduced their target price on shares of Kilroy Realty from $48.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Finally, Evercore ISI reduced their target price on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating on the stock in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.09.

Kilroy Realty Stock Performance

Shares of KRC stock opened at $34.35 on Monday. Kilroy Realty has a 12 month low of $30.71 and a 12 month high of $43.78. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $4.06 billion, a P/E ratio of 19.41 and a beta of 1.02. The firm’s 50 day moving average is $35.96 and its 200 day moving average is $38.35.

Kilroy Realty (NYSE:KRC) last posted its 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 net margin of 18.58% and a return on equity of 3.75%. On average, sell-side analysts anticipate that Kilroy Realty will post 4 earnings per share for the current year.

Kilroy Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be given a dividend of $0.54 per share. The ex-dividend date is Monday, March 31st. This represents a $2.16 dividend on an annualized basis and a yield of 6.29%. Kilroy Realty’s dividend payout ratio (DPR) is 122.03%.

Insider Activity at Kilroy Realty

In other news, CEO Angela M. Aman acquired 2,797 shares of Kilroy Realty stock in a transaction dated Friday, February 28th. The stock was purchased at an average cost of $35.45 per share, with a total value of $99,153.65. Following the completion of the purchase, the chief executive officer now directly owns 2,797 shares in the company, valued at approximately $99,153.65. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.49% of the stock is owned by insiders.

Hedge Funds Weigh In On Kilroy Realty

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB bought a new stake in shares of Kilroy Realty in the 3rd quarter worth about $34,000. Summit Securities Group LLC purchased a new position in shares of Kilroy Realty in the 4th quarter worth approximately $49,000. GAMMA Investing LLC grew its position in shares of Kilroy Realty by 25.4% in the 4th quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust’s stock worth $75,000 after buying an additional 374 shares during the last quarter. GF Fund Management CO. LTD. acquired a new stake in Kilroy Realty in the 4th quarter worth approximately $82,000. Finally, Fifth Third Bancorp boosted its stake in Kilroy Realty by 31.7% in the 4th quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust’s stock worth $102,000 after purchasing an additional 607 shares in the last quarter. 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.