Jefferies Financial Group Begins Coverage on Kilroy Realty (NYSE:KRC)

Jefferies Financial Group initiated coverage on shares of Kilroy Realty (NYSE:KRC) in a research note released on Monday, MarketBeat Ratings reports. The brokerage issued a hold rating and a $34.00 price target on the real estate investment trust’s stock.

KRC has been the topic of several other reports. Wells Fargo & Company lowered shares of Kilroy Realty from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $43.00 to $35.00 in a research note on Monday, March 10th. JPMorgan Chase & Co. raised Kilroy Realty from a “neutral” rating to an “overweight” rating and raised their target price for the company from $45.00 to $49.00 in a report on Friday, December 20th. The Goldman Sachs Group reduced their target price on Kilroy Realty from $48.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Royal Bank of Canada dropped their price target on Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating for the company in a research report on Monday, March 10th. Finally, Evercore ISI dropped their price target on Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $40.09.

Kilroy Realty Trading Up 3.5 %

Shares of KRC stock opened at $34.35 on Monday. The company’s 50-day moving average price is $35.96 and its 200-day moving average price is $38.35. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82. The stock has a market cap of $4.06 billion, a price-to-earnings ratio of 19.41 and a beta of 1.02. Kilroy Realty has a twelve month low of $30.71 and a twelve month high of $43.78.

Kilroy Realty (NYSE:KRC) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.17. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. As a group, equities analysts predict that Kilroy Realty will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 6.29%. The ex-dividend date of this dividend is Monday, March 31st. Kilroy Realty’s dividend payout ratio (DPR) is 122.03%.

Insider Buying and Selling at Kilroy Realty

In other Kilroy Realty news, CEO Angela M. Aman purchased 2,797 shares of the stock in a transaction on Friday, February 28th. The stock was bought at an average price of $35.45 per share, for a total transaction of $99,153.65. Following the acquisition, the chief executive officer now directly owns 2,797 shares of the company’s stock, valued at $99,153.65. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 2.49% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kilroy Realty

Several hedge funds and other institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue lifted its stake in shares of Kilroy Realty by 0.4% in the 4th quarter. State of Alaska Department of Revenue now owns 68,456 shares of the real estate investment trust’s stock valued at $2,768,000 after purchasing an additional 276 shares in the last quarter. Choreo LLC lifted its stake in shares of Kilroy Realty by 3.2% in the 4th quarter. Choreo LLC now owns 8,852 shares of the real estate investment trust’s stock valued at $358,000 after purchasing an additional 278 shares in the last quarter. M&T Bank Corp lifted its stake in shares of Kilroy Realty by 1.3% in the 4th quarter. M&T Bank Corp now owns 22,889 shares of the real estate investment trust’s stock valued at $926,000 after purchasing an additional 293 shares in the last quarter. US Bancorp DE lifted its position in Kilroy Realty by 3.4% during the 4th quarter. US Bancorp DE now owns 9,680 shares of the real estate investment trust’s stock worth $392,000 after acquiring an additional 317 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in Kilroy Realty by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 51,388 shares of the real estate investment trust’s stock worth $2,079,000 after acquiring an additional 320 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.