Analysts Set Kilroy Realty Co. (NYSE:KRC) Target Price at $40.09

Kilroy Realty Co. (NYSE:KRC) has earned a consensus recommendation of “Hold” from the eleven ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $40.09.

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group started coverage on Kilroy Realty in a research report on Monday, March 17th. They set a “hold” rating and a $34.00 price target on the stock. Evercore ISI lowered their target price on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating on the stock in a research note on Wednesday, February 12th. JPMorgan Chase & Co. raised shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and raised their price target for the company from $45.00 to $49.00 in a report on Friday, December 20th. Mizuho reaffirmed a “neutral” rating and issued a $43.00 price target (down previously from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. Finally, The Goldman Sachs Group dropped their price objective on Kilroy Realty from $48.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, February 20th.

Insiders Place Their Bets

In other Kilroy Realty news, CEO Angela M. Aman bought 2,797 shares of Kilroy Realty stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average price of $35.45 per share, with a total value of $99,153.65. Following the acquisition, the chief executive officer now owns 2,797 shares in the company, valued at approximately $99,153.65. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider A. Robert Paratte sold 6,000 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $34.74, for a total transaction of $208,440.00. Following the completion of the sale, the insider now directly owns 86,744 shares of the company’s stock, valued at $3,013,486.56. This represents a 6.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.49% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Pathstone Holdings LLC boosted its holdings in Kilroy Realty by 3.0% during the 3rd quarter. Pathstone Holdings LLC now owns 41,149 shares of the real estate investment trust’s stock valued at $1,604,000 after acquiring an additional 1,186 shares during the period. Commerce Bank boosted its stake in shares of Kilroy Realty by 3.0% during the third quarter. Commerce Bank now owns 11,574 shares of the real estate investment trust’s stock valued at $448,000 after purchasing an additional 342 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Kilroy Realty by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,171,717 shares of the real estate investment trust’s stock valued at $84,045,000 after purchasing an additional 27,660 shares during the period. Penserra Capital Management LLC grew its holdings in shares of Kilroy Realty by 22.8% in the third quarter. Penserra Capital Management LLC now owns 37,569 shares of the real estate investment trust’s stock worth $1,453,000 after purchasing an additional 6,975 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in shares of Kilroy Realty by 364.4% in the third quarter. Daiwa Securities Group Inc. now owns 155,291 shares of the real estate investment trust’s stock worth $6,010,000 after buying an additional 121,853 shares during the period. 94.22% of the stock is owned by institutional investors.

Kilroy Realty Stock Up 0.1 %

KRC opened at $35.05 on Friday. Kilroy Realty has a 12 month low of $30.71 and a 12 month high of $43.78. The company has a market cap of $4.14 billion, a PE ratio of 19.80 and a beta of 1.02. 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 company has a 50 day moving average of $35.69 and a 200 day moving average of $38.32.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. On average, sell-side analysts expect that Kilroy Realty will post 4 EPS for the current year.

Kilroy Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be paid a $0.54 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.16 dividend on an annualized basis and a yield of 6.16%. Kilroy Realty’s dividend payout ratio is presently 122.03%.

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.