Kilroy Realty (NYSE:KRC) Price Target Lowered to $41.00 at KeyCorp

Kilroy Realty (NYSE:KRC) had its price objective lowered by KeyCorp from $45.00 to $41.00 in a research note released on Monday,Benzinga reports. The brokerage currently has an overweight rating on the real estate investment trust’s stock.

Several other equities analysts have also weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $45.00 to $49.00 in a report on Friday, December 20th. Jefferies Financial Group assumed coverage on Kilroy Realty in a research note on Monday, March 17th. They issued a “hold” rating and a $34.00 price target on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $36.00 price objective (down from $42.00) on shares of Kilroy Realty in a research note on Friday. Wells Fargo & Company cut Kilroy Realty from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $43.00 to $35.00 in a report on Monday, March 10th. Finally, Barclays raised Kilroy Realty from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $42.00 to $44.00 in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $39.45.

Kilroy Realty Stock Down 1.3 %

Shares of KRC opened at $32.82 on Monday. The business’s fifty day moving average price is $35.30 and its two-hundred day moving average price is $38.29. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 18.54 and a beta of 1.02. Kilroy Realty has a 52 week low of $30.71 and a 52 week high of $43.78. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) 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%. On average, analysts predict 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. Stockholders of record on Monday, March 31st will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 6.58%. The ex-dividend date is Monday, March 31st. Kilroy Realty’s payout ratio is 122.03%.

Insider Activity at Kilroy Realty

In related news, EVP John Osmond sold 4,000 shares of the business’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $35.16, for a total transaction of $140,640.00. Following the transaction, the executive vice president now directly owns 12,528 shares in the company, valued at approximately $440,484.48. The trade was a 24.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Angela M. Aman purchased 2,797 shares of the business’s stock in a transaction on Friday, February 28th. The stock was 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. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.49% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kilroy Realty

Institutional investors have recently bought and sold shares of the business. FMR LLC boosted its stake in shares of Kilroy Realty by 2.2% during the 3rd quarter. FMR LLC now owns 15,201 shares of the real estate investment trust’s stock worth $588,000 after acquiring an additional 329 shares during the period. BNP Paribas Financial Markets boosted its position in Kilroy Realty by 6.8% during the third quarter. BNP Paribas Financial Markets now owns 111,262 shares of the real estate investment trust’s stock worth $4,306,000 after purchasing an additional 7,129 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Kilroy Realty by 7.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 92,756 shares of the real estate investment trust’s stock valued at $3,590,000 after purchasing an additional 6,565 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Kilroy Realty by 428.5% in the third 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 valued at $32,933,000 after purchasing an additional 689,962 shares during the period. Finally, Walleye Capital LLC acquired a new stake in shares of Kilroy Realty during the 3rd quarter worth about $317,000. Institutional investors and hedge funds 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.