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

Kilroy Realty Co. (NYSE:KRC) has earned a consensus recommendation of “Hold” from the ten research firms that are presently covering the company, MarketBeat Ratings reports. One equities research 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 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $40.90.

A number of research analysts recently issued reports on the company. Mizuho reaffirmed a “neutral” rating and set a $43.00 target price (down from $45.00) on shares of Kilroy Realty in a report on Tuesday. Jefferies Financial Group downgraded Kilroy Realty from a “buy” rating to a “hold” rating and cut their price objective for the stock from $45.00 to $41.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and upped their price target for the company from $45.00 to $49.00 in a research report on Friday, December 20th. 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 note on Thursday, November 14th. Finally, Evercore ISI increased their price target on shares of Kilroy Realty from $40.00 to $41.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th.

Kilroy Realty Price Performance

Shares of NYSE KRC opened at $37.04 on Friday. The firm’s 50-day simple moving average is $40.37 and its 200 day simple moving average is $37.70. The stock has a market cap of $4.37 billion, a P/E ratio of 22.18 and a beta of 1.02. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.89. Kilroy Realty has a fifty-two week low of $30.71 and a fifty-two week high of $43.78.

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

Kilroy Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 31st were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 5.83%. The ex-dividend date was Tuesday, December 31st. Kilroy Realty’s payout ratio is presently 129.34%.

Insiders Place Their Bets

In other Kilroy Realty news, insider Heidi Rena Roth sold 12,000 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now owns 50,211 shares of the company’s stock, valued at $2,122,921.08. This represents a 19.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.49% of the company’s stock.

Institutional Trading of Kilroy Realty

A number of institutional investors and hedge funds have recently modified their holdings of KRC. Wilmington Savings Fund Society FSB acquired a new position in Kilroy Realty in the 3rd quarter valued at $34,000. UMB Bank n.a. grew its position in shares of Kilroy Realty by 126.5% in the third quarter. UMB Bank n.a. now owns 967 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 540 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Kilroy Realty by 33.6% in the third quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 371 shares during the period. Headlands Technologies LLC acquired a new position in shares of Kilroy Realty during the 2nd quarter worth about $46,000. Finally, Quarry LP bought a new stake in Kilroy Realty during the 2nd quarter valued at approximately $55,000. 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.