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

Kilroy Realty Co. (NYSE:KRC) has earned an average recommendation of “Hold” from the eleven research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $40.09.

Several equities research analysts have weighed in on the company. Jefferies Financial Group initiated coverage on Kilroy Realty in a report on Monday, March 17th. They issued a “hold” rating and a $34.00 price objective for the company. Mizuho reaffirmed a “neutral” rating and issued a $43.00 price target (down previously from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. The Goldman Sachs Group reduced their price objective on shares of Kilroy Realty from $48.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Evercore ISI dropped their target price on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a research report on Wednesday, February 12th. Finally, Royal Bank of Canada reduced their price target on shares of Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating on the stock in a research report on Monday, March 10th.

Kilroy Realty Stock Down 0.8 %

Shares of NYSE KRC opened at $34.23 on Friday. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 19.34 and a beta of 1.02. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.82. The firm’s fifty day moving average is $35.54 and its 200 day moving average is $38.26. Kilroy Realty has a 52 week low of $30.71 and a 52 week high of $43.78.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 expect that Kilroy Realty will post 4 earnings per share for the current year.

Kilroy Realty Dividend Announcement

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

Insider Transactions at Kilroy Realty

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

Institutional Investors Weigh In On Kilroy Realty

Several institutional investors have recently modified their holdings of the business. Wilmington Savings Fund Society FSB bought a new position in Kilroy Realty during the 3rd quarter valued at about $34,000. Summit Securities Group LLC bought a new position in Kilroy Realty during the fourth quarter valued at approximately $49,000. GAMMA Investing LLC lifted its position in Kilroy Realty by 25.4% during the fourth quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust’s stock valued at $75,000 after purchasing an additional 374 shares during the period. GF Fund Management CO. LTD. bought a new stake in Kilroy Realty in the 4th quarter worth approximately $82,000. Finally, Fifth Third Bancorp raised its stake in Kilroy Realty by 31.7% during the 4th quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 607 shares during the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.

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.