Brokerages Set Kilroy Realty Co. (NYSE:KRC) PT at $40.67

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

A number of analysts recently issued reports on KRC shares. Scotiabank downgraded 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. Evercore ISI boosted their price target on shares of Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Jefferies Financial Group cut shares of Kilroy Realty from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $45.00 to $41.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. raised Kilroy Realty from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $45.00 to $49.00 in a research report on Friday, December 20th. Finally, Barclays lifted their price objective on Kilroy Realty from $38.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th.

Kilroy Realty Stock Performance

NYSE:KRC opened at $35.59 on Friday. The company’s 50-day moving average is $40.30 and its two-hundred day moving average is $37.77. Kilroy Realty has a 1-year low of $30.71 and a 1-year high of $43.78. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 3.08. The firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of 21.31 and a beta of 1.02.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.60). The business had revenue of $289.94 million during the quarter, compared to analyst estimates of $275.77 million. Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. The company’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.12 earnings per share. Analysts forecast that Kilroy Realty will post 4.41 EPS for the current year.

Kilroy Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.16 annualized dividend and a yield of 6.07%. Kilroy Realty’s dividend payout ratio (DPR) is 129.34%.

Insider Buying and Selling at Kilroy Realty

In other news, insider Heidi Rena Roth sold 12,000 shares of the company’s 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 completion of the transaction, the insider now directly owns 50,211 shares of the company’s stock, valued at approximately $2,122,921.08. This represents a 19.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.49% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kilroy Realty

Several institutional investors have recently added to or reduced their stakes in KRC. Charles Schwab Investment Management Inc. boosted its holdings in shares of Kilroy Realty by 1.3% in the 3rd 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 buying an additional 27,660 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Kilroy Realty by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,720,268 shares of the real estate investment trust’s stock valued at $53,622,000 after acquiring an additional 42,811 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of Kilroy Realty by 3.8% during the second quarter. Federated Hermes Inc. now owns 1,374,826 shares of the real estate investment trust’s stock worth $42,853,000 after purchasing an additional 50,619 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Kilroy Realty by 45.9% in the 2nd quarter. AQR Capital Management LLC now owns 851,398 shares of the real estate investment trust’s stock valued at $26,393,000 after purchasing an additional 267,825 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Kilroy Realty by 428.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 850,975 shares of the real estate investment trust’s stock valued at $32,933,000 after purchasing an additional 689,962 shares during the period. Hedge funds and other institutional investors own 94.22% of the company’s stock.

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.