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

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

Several analysts have issued reports on KRC shares. The Goldman Sachs Group cut their price target on Kilroy Realty from $48.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Jefferies Financial Group started coverage on shares of Kilroy Realty in a report on Monday, March 17th. They issued a “hold” rating and a $34.00 target price for the company. Barclays raised shares of Kilroy Realty from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $42.00 to $44.00 in a report on Thursday, February 27th. Mizuho reissued a “neutral” rating and issued a $43.00 price objective (down from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $45.00 to $49.00 in a research note on Friday, December 20th.

Kilroy Realty Stock Performance

KRC opened at $34.23 on Friday. The company’s 50 day moving average is $35.54 and its 200 day moving average is $38.26. 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 market cap of $4.04 billion, a price-to-earnings ratio of 19.34 and a beta of 1.02. Kilroy Realty has a 12-month low of $30.71 and a 12-month high of $43.78.

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

Kilroy Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.31%. Kilroy Realty’s payout ratio is 122.03%.

Insider Buying and Selling

In related news, EVP John Osmond sold 4,000 shares of the company’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $35.16, for a total transaction of $140,640.00. Following the sale, the executive vice president now owns 12,528 shares of the company’s stock, valued at $440,484.48. This represents a 24.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider A. Robert Paratte sold 6,000 shares of Kilroy Realty 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 transaction, the insider now directly owns 86,744 shares of the company’s stock, valued at $3,013,486.56. The trade was a 6.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.49% of the stock is owned by company insiders.

Institutional Investors Weigh In On Kilroy Realty

Institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new position in shares of Kilroy Realty in the 4th quarter worth approximately $366,356,000. Principal Financial Group Inc. lifted its position in Kilroy Realty by 4.7% in the fourth quarter. Principal Financial Group Inc. now owns 4,862,310 shares of the real estate investment trust’s stock worth $196,680,000 after buying an additional 218,163 shares during the last quarter. Resolution Capital Ltd boosted its stake in Kilroy Realty by 12.6% during the fourth quarter. Resolution Capital Ltd now owns 4,487,655 shares of the real estate investment trust’s stock worth $181,526,000 after buying an additional 500,635 shares during the period. Price T Rowe Associates Inc. MD increased its position in Kilroy Realty by 6.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,265,387 shares of the real estate investment trust’s stock valued at $132,087,000 after acquiring an additional 193,291 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in shares of Kilroy Realty by 29.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,003,920 shares of the real estate investment trust’s stock worth $121,509,000 after acquiring an additional 680,870 shares during the last quarter. 94.22% of the stock is owned by institutional investors.

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.