Brokerages Set Kilroy Realty Co. (NYSE:KRC) Target Price at $40.09

Kilroy Realty Co. (NYSE:KRC) has been assigned an average rating of “Hold” from the eleven ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $40.09.

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group reduced their price target on shares of Kilroy Realty from $48.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Jefferies Financial Group started coverage on Kilroy Realty in a research report on Monday, March 17th. They issued a “hold” rating and a $34.00 target price on the stock. Wells Fargo & Company lowered Kilroy Realty from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $43.00 to $35.00 in a research report on Monday, March 10th. Evercore ISI cut their price objective on Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating on the stock in a report on Wednesday, February 12th. Finally, Mizuho restated a “neutral” rating and set a $43.00 target price (down from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th.

Insiders Place Their Bets

In other news, CEO Angela M. Aman acquired 2,797 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was acquired at an average cost of $35.45 per share, with a total value of $99,153.65. Following the transaction, the chief executive officer now owns 2,797 shares in the company, valued at approximately $99,153.65. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.49% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kilroy Realty

Several large investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB acquired a new position in shares of Kilroy Realty during the 3rd quarter worth about $34,000. Summit Securities Group LLC acquired a new stake in Kilroy Realty during the fourth quarter worth approximately $49,000. GAMMA Investing LLC lifted its position 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 worth $75,000 after buying an additional 374 shares during the last quarter. GF Fund Management CO. LTD. acquired a new position in shares of Kilroy Realty in the 4th quarter valued at $82,000. Finally, Fifth Third Bancorp grew its position in shares of 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 valued at $102,000 after buying an additional 607 shares during the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Kilroy Realty Trading Down 0.3 %

Shares of Kilroy Realty stock opened at $34.45 on Friday. The stock has a 50 day moving average of $35.76 and a 200 day moving average of $38.32. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of 19.46 and a beta of 1.02. Kilroy Realty has a fifty-two week low of $30.71 and a fifty-two week high of $43.78.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates 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, research analysts predict that Kilroy Realty will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be paid a $0.54 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.16 dividend on an annualized basis and a yield of 6.27%. Kilroy Realty’s dividend payout ratio is currently 122.03%.

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.