Analysts Set Kilroy Realty Co. (NYSE:KRC) PT at $39.43

Shares of Kilroy Realty Co. (NYSE:KRC) have received a consensus recommendation of “Hold” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $39.43.

KRC has been the topic of a number of research analyst reports. Scotiabank downgraded Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 target price on the stock. in a research note on Thursday, November 14th. Wells Fargo & Company dropped their price objective on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 11th. Evercore ISI upped their price objective on Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Finally, Barclays upped their price objective on Kilroy Realty from $38.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th.

Kilroy Realty Stock Performance

Shares of KRC opened at $38.45 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.08 and a current ratio of 3.08. The stock has a 50 day moving average price of $39.39 and a two-hundred day moving average price of $35.72. The firm has a market capitalization of $4.54 billion, a P/E ratio of 23.23 and a beta of 1.03. Kilroy Realty has a 52 week low of $29.72 and a 52 week high of $43.78.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.60). Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. The company had revenue of $289.94 million for the quarter, compared to the consensus estimate of $275.77 million. During the same period in the prior year, the firm posted $1.12 earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. Equities analysts forecast that Kilroy Realty will post 4.41 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Monday, September 30th were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 5.62%. The ex-dividend date of this dividend was Monday, September 30th. Kilroy Realty’s dividend payout ratio (DPR) is presently 129.34%.

Insider Buying and Selling

In other news, EVP John Osmond sold 2,628 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total value of $105,120.00. Following the completion of the sale, the executive vice president now directly owns 8,818 shares in the company, valued at approximately $352,720. The trade was a 22.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of the business’s 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 owns 26,401 shares of the company’s stock, valued at approximately $1,033,335.14. The trade was a 10.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.49% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Assetmark Inc. increased its stake in shares of Kilroy Realty by 1.0% in the third quarter. Assetmark Inc. now owns 26,792 shares of the real estate investment trust’s stock worth $1,037,000 after buying an additional 274 shares during the period. Wiser Advisor Group LLC increased its position in Kilroy Realty by 67.5% during the 1st quarter. Wiser Advisor Group LLC now owns 757 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 305 shares during the period. FMR LLC increased its position in Kilroy Realty by 2.2% during the 3rd quarter. FMR LLC now owns 15,201 shares of the real estate investment trust’s stock valued at $588,000 after purchasing an additional 329 shares during the period. Commerce Bank increased its position in Kilroy Realty by 3.0% during the 3rd quarter. Commerce Bank now owns 11,574 shares of the real estate investment trust’s stock valued at $448,000 after purchasing an additional 342 shares during the period. Finally, GAMMA Investing LLC increased its position in Kilroy Realty by 33.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 371 shares during the period. 94.22% of the stock is 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.