Kilroy Realty Co. (NYSE:KRC) Receives $39.43 Consensus Price Target from Analysts

Kilroy Realty Co. (NYSE:KRC) has received a consensus recommendation of “Hold” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $39.43.

Several research firms have recently weighed in on KRC. Scotiabank lowered Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price objective on the stock. in a research note on Thursday, November 14th. Evercore ISI upped their price target on Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Barclays increased their price objective on Kilroy Realty from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Finally, Wells Fargo & Company reduced their target price on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 11th.

Kilroy Realty Stock Down 0.2 %

KRC opened at $42.04 on Wednesday. The company has a market capitalization of $4.96 billion, a P/E ratio of 25.17 and a beta of 1.03. 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 firm’s fifty day moving average price is $40.67 and its two-hundred day moving average price is $36.83. 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 for the quarter, missing the consensus estimate of $1.04 by ($0.60). Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. The business had revenue of $289.94 million for the quarter, compared to analyst estimates of $275.77 million. During the same quarter last year, the firm posted $1.12 earnings per share. Kilroy Realty’s revenue was up 2.2% on a year-over-year basis. On average, analysts anticipate that Kilroy Realty will post 4.41 EPS for the current year.

Kilroy Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 31st will be paid a $0.54 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.14%. Kilroy Realty’s dividend payout ratio (DPR) is presently 129.34%.

Insider Activity at Kilroy Realty

In related news, insider Heidi Rena Roth sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were 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 in the company, valued at $2,122,921.08. The trade was a 19.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.49% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kilroy Realty

Hedge funds and other institutional investors have recently made changes to their positions in the company. Waterfall Asset Management LLC bought a new position in Kilroy Realty in the second quarter valued at about $1,309,000. CWA Asset Management Group LLC acquired a new position in Kilroy Realty during the 3rd quarter valued at about $476,000. Edgestream Partners L.P. bought a new position in shares of Kilroy Realty in the 2nd quarter valued at about $1,178,000. Vestcor Inc boosted its stake in shares of Kilroy Realty by 289.0% in the 3rd quarter. Vestcor Inc now owns 34,313 shares of the real estate investment trust’s stock valued at $1,328,000 after purchasing an additional 25,492 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in shares of Kilroy Realty by 4,454.4% during the 3rd quarter. International Assets Investment Management LLC now owns 13,390 shares of the real estate investment trust’s stock worth $518,000 after buying an additional 13,096 shares during the period. 94.22% of the stock is owned by institutional investors and hedge funds.

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.