Kilroy Realty (NYSE:KRC) PT Lowered to $42.00 at KeyCorp

Kilroy Realty (NYSE:KRC) had its price objective decreased by KeyCorp from $45.00 to $42.00 in a research report sent to investors on Tuesday morning, Benzinga reports. KeyCorp currently has an overweight rating on the real estate investment trust’s stock.

Other equities analysts also recently issued research reports about the stock. Barclays started coverage on shares of Kilroy Realty in a research note on Wednesday, March 27th. They issued an equal weight rating and a $38.00 target price on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Kilroy Realty from $40.00 to $34.00 and set a hold rating on the stock in a research note on Thursday, May 30th. Finally, Royal Bank of Canada downgraded shares of Kilroy Realty from an outperform rating to a sector perform rating and cut their target price for the company from $44.00 to $39.00 in a research note on Friday, March 8th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $38.20.

Kilroy Realty Stock Performance

Shares of KRC stock opened at $32.38 on Tuesday. The company’s fifty day simple moving average is $32.85 and its 200-day simple moving average is $35.40. Kilroy Realty has a 52 week low of $26.78 and a 52 week high of $43.37. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.91. The company has a market cap of $3.80 billion, a PE ratio of 18.61 and a beta of 1.04.

Kilroy Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 6.67%. The ex-dividend date of this dividend is Friday, June 28th. Kilroy Realty’s dividend payout ratio is currently 124.14%.

Insiders Place Their Bets

In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 3,329 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $33.66, for a total transaction of $112,054.14. Following the completion of the transaction, the chief accounting officer now directly owns 29,081 shares of the company’s stock, valued at approximately $978,866.46. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CAO Merryl Elizabeth Werber sold 3,329 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $33.66, for a total value of $112,054.14. Following the transaction, the chief accounting officer now directly owns 29,081 shares in the company, valued at approximately $978,866.46. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider A. Robert Paratte sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $33.35, for a total transaction of $400,200.00. Following the completion of the transaction, the insider now owns 68,139 shares in the company, valued at $2,272,435.65. The disclosure for this sale can be found here. 2.49% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Senvest Management LLC lifted its position in shares of Kilroy Realty by 21.4% in the 4th quarter. Senvest Management LLC now owns 3,595,212 shares of the real estate investment trust’s stock worth $143,233,000 after buying an additional 634,136 shares during the last quarter. APG Asset Management US Inc. lifted its position in Kilroy Realty by 5.0% in the 4th quarter. APG Asset Management US Inc. now owns 5,380,747 shares of the real estate investment trust’s stock valued at $214,369,000 after purchasing an additional 255,835 shares during the last quarter. Norges Bank bought a new stake in Kilroy Realty in the 4th quarter valued at about $360,831,000. Venture Visionary Partners LLC bought a new stake in Kilroy Realty in the 4th quarter valued at about $1,556,000. Finally, Wellington Management Group LLP bought a new stake in Kilroy Realty in the 3rd quarter valued at about $25,093,000. 94.22% of the stock is currently owned by institutional investors.

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.