Kilroy Realty (NYSE:KRC) Upgraded by Evercore ISI to Outperform


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Evercore ISI upgraded shares of Kilroy Realty (NYSE:KRC) from an in-line rating to an outperform rating in a research report released on Monday, Analyst Ratings Network reports. They currently have $76.00 price target on the real estate investment trust’s stock.

KRC has been the topic of several other research reports. JPMorgan Chase & Co. lowered shares of Kilroy Realty from an overweight rating to a neutral rating and set a $65.00 target price on the stock. in a report on Monday, December 21st. Jefferies Financial Group upgraded shares of Kilroy Realty from a hold rating to a buy rating and boosted their target price for the company from $58.00 to $66.00 in a report on Wednesday, January 13th. BMO Capital Markets upped their price objective on shares of Kilroy Realty from $75.00 to $79.00 and gave the company an outperform rating in a report on Monday, April 5th. Mizuho lowered shares of Kilroy Realty from a buy rating to a neutral rating and dropped their price objective for the company from $62.00 to $58.00 in a report on Monday, January 11th. Finally, Zacks Investment Research lowered shares of Kilroy Realty from a hold rating to a sell rating in a report on Wednesday, April 7th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. Kilroy Realty currently has an average rating of Hold and a consensus target price of $62.67.

Shares of Kilroy Realty stock opened at $67.10 on Monday. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 0.75. Kilroy Realty has a twelve month low of $45.28 and a twelve month high of $70.54. The stock has a market cap of $7.81 billion, a price-to-earnings ratio of 41.17, a P/E/G ratio of 2.86 and a beta of 0.91. The company’s fifty day moving average is $66.65 and its 200 day moving average is $59.37.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings data on Sunday, January 31st. The real estate investment trust reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.30). Kilroy Realty had a return on equity of 3.56% and a net margin of 20.35%. As a group, equities analysts anticipate that Kilroy Realty will post 3.74 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 14th. Investors of record on Wednesday, March 31st were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, March 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.98%. Kilroy Realty’s dividend payout ratio is presently 51.15%.

In related news, insider A. Robert Paratte sold 23,595 shares of the company’s stock in a transaction dated Wednesday, March 10th. The shares were sold at an average price of $68.14, for a total value of $1,607,763.30. Following the sale, the insider now owns 21,187 shares in the company, valued at approximately $1,443,682.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Tyler H. Rose sold 10,000 shares of the company’s stock in a transaction dated Thursday, March 11th. The stock was sold at an average price of $68.31, for a total transaction of $683,100.00. Following the completion of the sale, the president now owns 153,455 shares in the company, valued at approximately $10,482,511.05. The disclosure for this sale can be found here. Corporate insiders own 2.22% of the company’s stock.

A number of hedge funds have recently modified their holdings of KRC. Norges Bank bought a new stake in Kilroy Realty in the 4th quarter worth about $519,872,000. Resolution Capital Ltd bought a new stake in Kilroy Realty in the 4th quarter worth about $67,860,000. BlackRock Inc. grew its position in Kilroy Realty by 8.9% in the 4th quarter. BlackRock Inc. now owns 13,472,484 shares of the real estate investment trust’s stock worth $773,320,000 after purchasing an additional 1,101,038 shares in the last quarter. Morgan Stanley grew its position in Kilroy Realty by 199.4% in the 4th quarter. Morgan Stanley now owns 1,612,611 shares of the real estate investment trust’s stock worth $92,564,000 after purchasing an additional 1,074,050 shares in the last quarter. Finally, PGGM Investments grew its position in Kilroy Realty by 16.2% in the 4th quarter. PGGM Investments now owns 7,570,061 shares of the real estate investment trust’s stock worth $434,522,000 after purchasing an additional 1,055,251 shares in the last quarter. 94.74% of the stock is owned by institutional investors and hedge funds.

About Kilroy Realty

Kilroy Realty Corporation (NYSE: KRC, the ÂcompanyÂ, ÂKRCÂ) is a leading West Coast landlord and developer, with a major presence in San Diego, Greater Los Angeles, the San Francisco Bay Area, and the Pacific Northwest. The company has earned global recognition for sustainability, building operations, innovation and design.

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Analyst Recommendations for Kilroy Realty (NYSE:KRC)

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