Analysts Set Kilroy Realty Co. (NYSE:KRC) Price Target at $39.00

Shares of Kilroy Realty Co. (NYSE:KRC) have earned an average recommendation of “Hold” from the eleven research firms that are presently covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $39.00.

A number of research analysts recently issued reports on the company. Barclays started coverage on Kilroy Realty in a report on Wednesday, March 27th. They issued an “equal weight” rating and a $38.00 price target for the company. Royal Bank of Canada cut shares of Kilroy Realty from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $44.00 to $39.00 in a research note on Friday, March 8th. KeyCorp dropped their price objective on shares of Kilroy Realty from $47.00 to $45.00 and set an “overweight” rating for the company in a research report on Wednesday, February 28th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Kilroy Realty in a research note on Tuesday, January 30th. They issued a “hold” rating and a $40.00 target price on the stock.

Kilroy Realty Stock Performance

KRC opened at $34.27 on Tuesday. The stock has a market cap of $4.02 billion, a PE ratio of 19.69, a P/E/G ratio of 2.52 and a beta of 1.02. Kilroy Realty has a 1 year low of $25.99 and a 1 year high of $43.37. The stock’s 50 day simple moving average is $34.87 and its 200-day simple moving average is $35.28. The company has a current ratio of 3.30, a quick ratio of 2.65 and a debt-to-equity ratio of 0.91.

Kilroy Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 29th were given a $0.54 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $2.16 annualized dividend and a dividend yield of 6.30%. Kilroy Realty’s dividend payout ratio is presently 124.14%.

Institutional Investors Weigh In On Kilroy Realty

Several large investors have recently made changes to their positions in KRC. Norges Bank acquired a new stake in shares of Kilroy Realty in the 4th quarter valued at about $360,831,000. Rush Island Management LP acquired a new position in Kilroy Realty during the 3rd quarter worth approximately $35,572,000. Senvest Management LLC grew its stake in shares of Kilroy Realty by 39.5% during the 3rd quarter. Senvest Management LLC now owns 2,961,076 shares of the real estate investment trust’s stock worth $93,600,000 after acquiring an additional 837,755 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of Kilroy Realty in the third quarter worth $25,093,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Kilroy Realty by 25.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,025,569 shares of the real estate investment trust’s stock worth $64,028,000 after purchasing an additional 404,821 shares during the last quarter. Institutional investors own 94.22% of the company’s stock.

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.