Kilroy Realty Co. (NYSE:KRC) Receives $40.67 Consensus Price Target from Analysts

Shares of Kilroy Realty Co. (NYSE:KRC) have received a consensus recommendation of “Hold” from the ten analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $40.90.

Several brokerages have weighed in on KRC. Evercore ISI upped their target price on Kilroy Realty from $40.00 to $41.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Scotiabank downgraded Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price objective on the stock. in a report on Thursday, November 14th. JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $45.00 to $49.00 in a research note on Friday, December 20th. Barclays raised their price target on shares of Kilroy Realty from $38.00 to $44.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Finally, Jefferies Financial Group cut shares of Kilroy Realty from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $45.00 to $41.00 in a report on Thursday, January 2nd.

Insider Activity at Kilroy Realty

In other Kilroy Realty news, insider Heidi Rena Roth sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total value of $507,360.00. Following the completion of the transaction, the insider now owns 50,211 shares of the company’s stock, valued at $2,122,921.08. This represents a 19.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.49% of the stock is owned by corporate insiders.

Institutional Trading of Kilroy Realty

Institutional investors and hedge funds have recently modified their holdings of the company. Waterfall Asset Management LLC bought a new stake in Kilroy Realty in the 2nd quarter valued at $1,309,000. CWA Asset Management Group LLC bought a new stake in Kilroy Realty in the third quarter valued at about $476,000. Vestcor Inc raised its position in Kilroy Realty by 289.0% in the third quarter. Vestcor Inc now owns 34,313 shares of the real estate investment trust’s stock worth $1,328,000 after purchasing an additional 25,492 shares in the last quarter. Edgestream Partners L.P. bought a new position in Kilroy Realty during the second quarter worth about $1,178,000. Finally, International Assets Investment Management LLC boosted its holdings in Kilroy Realty by 4,454.4% during the third quarter. International Assets Investment Management LLC now owns 13,390 shares of the real estate investment trust’s stock valued at $518,000 after purchasing an additional 13,096 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors.

Kilroy Realty Price Performance

Shares of KRC opened at $38.08 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 3.08. The company has a market capitalization of $4.50 billion, a price-to-earnings ratio of 22.80 and a beta of 1.02. The business’s 50-day moving average is $40.57 and its 200-day moving average is $37.66. 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 issued its earnings results on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.60). Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. The company had revenue of $289.94 million for the quarter, compared to analyst estimates of $275.77 million. During the same period last year, the business earned $1.12 EPS. The company’s quarterly revenue was up 2.2% on a year-over-year basis. Equities research analysts expect that Kilroy Realty will post 4.41 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 31st will be given a dividend of $0.54 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.16 annualized dividend and a dividend yield of 5.67%. Kilroy Realty’s dividend payout ratio is presently 129.34%.

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.