Kilroy Realty (NYSE:KRC) Hits New 1-Year High – Should You Buy?

Kilroy Realty Co. (NYSE:KRC) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $43.37 and last traded at $43.37, with a volume of 198817 shares trading hands. The stock had previously closed at $42.78.

Analysts Set New Price Targets

A number of research analysts recently issued reports on KRC shares. Scotiabank cut their price target on Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. KeyCorp decreased their price objective on Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 2nd. Wells Fargo & Company dropped their target price on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a research report on Wednesday, September 11th. Finally, Evercore ISI raised their price target on Kilroy Realty from $38.00 to $40.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $38.43.

Kilroy Realty Trading Up 1.8 %

The business has a 50 day moving average of $37.10 and a 200 day moving average of $34.73. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.61 and a quick ratio of 3.61. The firm has a market capitalization of $5.11 billion, a price-to-earnings ratio of 25.03 and a beta of 1.04.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.67). Kilroy Realty had a net margin of 17.91% and a return on equity of 3.52%. The company had revenue of $280.73 million during the quarter, compared to the consensus estimate of $276.81 million. During the same period last year, the company earned $1.19 earnings per share. The business’s revenue was down 1.2% compared to the same quarter last year. As a group, research analysts predict that Kilroy Realty Co. will post 4.26 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.96%. Kilroy Realty’s dividend payout ratio is 124.14%.

Insider Activity at Kilroy Realty

In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 3,000 shares of Kilroy Realty stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total transaction of $117,420.00. Following the transaction, the chief accounting officer now directly owns 26,401 shares in the company, valued at approximately $1,033,335.14. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CAO Merryl Elizabeth Werber sold 3,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total transaction of $117,420.00. Following the completion of the sale, the chief accounting officer now directly owns 26,401 shares of the company’s stock, valued at approximately $1,033,335.14. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John Osmond sold 2,628 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total transaction of $105,120.00. Following the sale, the executive vice president now owns 8,818 shares in the company, valued at $352,720. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.49% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kilroy Realty

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Kilroy Realty by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 16,997,240 shares of the real estate investment trust’s stock valued at $677,170,000 after purchasing an additional 91,022 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Kilroy Realty by 18.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,162,748 shares of the real estate investment trust’s stock valued at $115,220,000 after buying an additional 487,556 shares during the last quarter. PGGM Investments lifted its stake in Kilroy Realty by 85.0% in the 2nd quarter. PGGM Investments now owns 3,015,046 shares of the real estate investment trust’s stock valued at $93,979,000 after acquiring an additional 1,385,692 shares in the last quarter. Centersquare Investment Management LLC boosted its position in Kilroy Realty by 1.0% during the 1st quarter. Centersquare Investment Management LLC now owns 2,598,144 shares of the real estate investment trust’s stock worth $87,817,000 after acquiring an additional 24,855 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Kilroy Realty by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,720,268 shares of the real estate investment trust’s stock worth $53,622,000 after acquiring an additional 42,811 shares in the last quarter. 94.22% of the stock is owned by institutional investors and hedge funds.

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.