Kilroy Realty Co. (NYSE:KRC) Receives $40.67 Consensus Target Price from Analysts

Shares of Kilroy Realty Co. (NYSE:KRC) have been given a consensus rating of “Hold” by the ten brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $40.90.

A number of equities analysts have weighed in on the stock. Mizuho reaffirmed a “neutral” rating and issued a $43.00 target price (down from $45.00) on shares of Kilroy Realty in a research note on Tuesday. Scotiabank cut shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price objective for the company. in a research report on Thursday, November 14th. Wells Fargo & Company decreased their price objective on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 11th. Jefferies Financial Group lowered Kilroy Realty from a “buy” rating to a “hold” rating and cut their price target for the company from $45.00 to $41.00 in a research note on Thursday, January 2nd. Finally, Evercore ISI lifted their price objective on Kilroy Realty from $40.00 to $41.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th.

Kilroy Realty Stock Down 3.7 %

KRC opened at $38.08 on Friday. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of 22.80 and a beta of 1.02. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.08 and a current ratio of 3.08. The firm’s 50-day simple moving average is $40.57 and its 200-day simple moving average is $37.66. Kilroy Realty has a twelve month low of $30.71 and a twelve month high of $43.78.

Kilroy Realty (NYSE:KRC) last announced its earnings results on Monday, October 28th. The real estate investment trust reported $0.44 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.60). Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. The business had revenue of $289.94 million for the quarter, compared to the consensus estimate of $275.77 million. During the same quarter in the previous year, the company posted $1.12 EPS. Kilroy Realty’s revenue for the quarter was up 2.2% on a year-over-year basis. Equities research analysts anticipate that Kilroy Realty will post 4.41 EPS for the current fiscal year.

Kilroy Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 31st will be given a $0.54 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.67%. Kilroy Realty’s dividend payout ratio is 129.34%.

Insider Activity at Kilroy Realty

In other Kilroy Realty news, insider Heidi Rena Roth sold 12,000 shares of Kilroy Realty stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total transaction of $507,360.00. Following the transaction, the insider now directly owns 50,211 shares in the company, valued at approximately $2,122,921.08. The trade was a 19.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.49% of the company’s stock.

Hedge Funds Weigh In On Kilroy Realty

Several institutional investors have recently modified their holdings of the business. Wilmington Savings Fund Society FSB acquired a new position in Kilroy Realty during the 3rd quarter worth approximately $34,000. UMB Bank n.a. increased its stake in Kilroy Realty by 126.5% in the 3rd quarter. UMB Bank n.a. now owns 967 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 540 shares during the last quarter. GAMMA Investing LLC lifted its position in Kilroy Realty by 33.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 371 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Kilroy Realty in the second quarter valued at about $46,000. Finally, Quarry LP bought a new stake in Kilroy Realty during the second quarter worth about $55,000. Institutional investors own 94.22% of the company’s stock.

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.