Evercore ISI Issues Positive Forecast for Kilroy Realty (NYSE:KRC) Stock Price

Kilroy Realty (NYSE:KRC) had its price target raised by Evercore ISI from $40.00 to $41.00 in a research report report published on Wednesday, Benzinga reports. The brokerage currently has an in-line rating on the real estate investment trust’s stock.

KRC has been the topic of a number of other research reports. Scotiabank dropped their price objective on shares of Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Barclays increased their price objective on shares of Kilroy Realty from $38.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday. Wells Fargo & Company dropped their price objective on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, September 11th. Finally, KeyCorp lowered their target price on shares of Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 2nd. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.43.

Kilroy Realty Stock Down 1.2 %

Shares of NYSE:KRC opened at $40.77 on Wednesday. The stock has a market capitalization of $4.79 billion, a price-to-earnings ratio of 23.43 and a beta of 1.04. Kilroy Realty has a 1-year low of $27.39 and a 1-year high of $43.78. The company’s fifty day moving average is $38.36 and its two-hundred day moving average is $35.14. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.61 and a current ratio of 3.61.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.60). Kilroy Realty had a return on equity of 3.52% and a net margin of 17.91%. The firm had revenue of $289.94 million during the quarter, compared to analyst estimates of $275.77 million. During the same period last year, the business earned $1.12 EPS. The firm’s revenue was up 2.2% on a year-over-year basis. Equities analysts anticipate that Kilroy Realty will post 4.25 EPS for the current year.

Kilroy Realty Dividend Announcement

The firm also recently disclosed 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 was Monday, September 30th. This represents a $2.16 annualized dividend and a dividend yield of 5.30%. Kilroy Realty’s dividend payout ratio (DPR) is 124.14%.

Insider Activity

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in KRC. Janus Henderson Group PLC boosted its holdings in shares of Kilroy Realty by 2,767.7% in the first quarter. Janus Henderson Group PLC now owns 1,648,027 shares of the real estate investment trust’s stock worth $59,991,000 after buying an additional 1,590,558 shares during the period. PGGM Investments boosted its holdings in shares of Kilroy Realty by 85.0% in the second quarter. PGGM Investments now owns 3,015,046 shares of the real estate investment trust’s stock worth $93,979,000 after buying an additional 1,385,692 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Kilroy Realty by 18.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,162,748 shares of the real estate investment trust’s stock worth $115,220,000 after buying an additional 487,556 shares during the period. Sei Investments Co. boosted its holdings in shares of Kilroy Realty by 139.4% in the first quarter. Sei Investments Co. now owns 693,552 shares of the real estate investment trust’s stock worth $25,266,000 after buying an additional 403,807 shares during the period. Finally, BROOKFIELD Corp ON acquired a new stake in shares of Kilroy Realty during the first quarter worth approximately $13,179,000. 94.22% of the stock is currently 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.