Kilroy Realty (NYSE:KRC) PT Lowered to $38.00 at Scotiabank

Kilroy Realty (NYSE:KRC) had its price target lowered by Scotiabank from $41.00 to $38.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a sector perform rating on the real estate investment trust’s stock.

KRC has been the subject of a number of other research reports. KeyCorp cut their target price on shares of Kilroy Realty from $45.00 to $42.00 and set an overweight rating for the company in a research note on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Kilroy Realty from $40.00 to $34.00 and set a hold rating on the stock in a report on Thursday, May 30th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $38.18.

Kilroy Realty Stock Performance

NYSE KRC traded up $0.33 on Wednesday, hitting $33.53. 657,258 shares of the stock were exchanged, compared to its average volume of 1,051,205. The company has a market capitalization of $3.94 billion, a PE ratio of 19.27 and a beta of 1.04. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.61 and a quick ratio of 3.30. The business’s fifty day moving average is $33.26 and its 200 day moving average is $34.37. Kilroy Realty has a 52 week low of $26.78 and a 52 week high of $43.37.

Kilroy Realty (NYSE:KRC) last posted its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.67). Kilroy Realty had a return on equity of 3.52% and a net margin of 17.91%. The business had revenue of $280.73 million for the quarter, compared to analyst estimates of $276.81 million. During the same period in the previous year, the firm posted $1.19 earnings per share. The firm’s revenue was down 1.2% compared to the same quarter last year. Research analysts anticipate that Kilroy Realty will post 4.24 EPS for the current fiscal year.

Kilroy Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Shareholders of record on Friday, June 28th were paid a dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $2.16 dividend on an annualized basis and a yield of 6.44%. Kilroy Realty’s dividend payout ratio (DPR) is presently 124.14%.

Institutional Investors Weigh In On Kilroy Realty

A number of large investors have recently bought and sold shares of the company. Centersquare Investment Management LLC raised its stake in Kilroy Realty by 1.0% during the first quarter. Centersquare Investment Management LLC now owns 2,598,144 shares of the real estate investment trust’s stock worth $87,817,000 after acquiring an additional 24,855 shares in the last quarter. Sei Investments Co. boosted its holdings in Kilroy Realty by 139.4% in the first quarter. Sei Investments Co. now owns 693,552 shares of the real estate investment trust’s stock valued at $25,266,000 after acquiring an additional 403,807 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Kilroy Realty by 33.8% during the 1st quarter. Russell Investments Group Ltd. now owns 134,103 shares of the real estate investment trust’s stock worth $4,885,000 after purchasing an additional 33,857 shares during the last quarter. APG Asset Management US Inc. lifted its position in shares of Kilroy Realty by 5.0% in the 4th quarter. APG Asset Management US Inc. now owns 5,380,747 shares of the real estate investment trust’s stock worth $214,369,000 after purchasing an additional 255,835 shares during the period. Finally, Norges Bank acquired a new position in shares of Kilroy Realty in the 4th quarter worth approximately $360,831,000. 94.22% of the stock is currently owned by institutional investors and hedge funds.

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.