Barclays Raises Kilroy Realty (NYSE:KRC) Price Target to $44.00

Kilroy Realty (NYSE:KRC) had its price objective upped by Barclays from $38.00 to $44.00 in a report issued on Monday morning, Benzinga reports. They currently have an equal weight rating on the real estate investment trust’s stock.

KRC has been the subject of several other research reports. KeyCorp cut their target price on shares of Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating for the company in a research note on Tuesday, July 2nd. Scotiabank lowered their price target on Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. Wells Fargo & Company lowered their price target on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, September 11th. Finally, Evercore ISI lifted their price target on Kilroy Realty from $38.00 to $40.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $39.29.

Kilroy Realty Trading Up 0.5 %

NYSE:KRC opened at $41.63 on Monday. The company has a market capitalization of $4.89 billion, a PE ratio of 23.93 and a beta of 1.04. The company has a quick ratio of 3.61, a current ratio of 3.61 and a debt-to-equity ratio of 0.91. Kilroy Realty has a 52-week low of $27.39 and a 52-week high of $43.78. The stock has a fifty day simple moving average of $37.95 and a 200-day simple moving average of $34.99.

Kilroy Realty (NYSE:KRC) last announced its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.41 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.67). Kilroy Realty had a net margin of 17.91% and a return on equity of 3.52%. The firm had revenue of $280.73 million during the quarter, compared to analyst estimates of $276.81 million. During the same period in the previous year, the firm posted $1.19 EPS. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, equities research analysts expect that Kilroy Realty will post 4.25 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.19%. The ex-dividend date was Monday, September 30th. Kilroy Realty’s payout ratio is currently 124.14%.

Insider Transactions at Kilroy Realty

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

Hedge Funds Weigh In On Kilroy Realty

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fidelis Capital Partners LLC acquired a new position in Kilroy Realty during the 1st quarter worth approximately $26,000. Wiser Advisor Group LLC lifted its position in Kilroy Realty by 67.5% during the 1st quarter. Wiser Advisor Group LLC now owns 757 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 305 shares in the last quarter. UMB Bank n.a. lifted its position in Kilroy Realty by 126.5% during the 3rd quarter. UMB Bank n.a. now owns 967 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 540 shares in the last quarter. Blue Trust Inc. lifted its position in Kilroy Realty by 1,322.9% during the 2nd quarter. Blue Trust Inc. now owns 1,366 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 1,270 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in Kilroy Realty by 2,510.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,462 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,406 shares in the last quarter. 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.