Kilroy Realty Co. (NYSE:KRC) Receives $39.00 Average Price Target from Analysts

Shares of Kilroy Realty Co. (NYSE:KRC) have received a consensus recommendation of “Hold” from the eleven brokerages that are covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $39.00.

A number of equities analysts recently weighed in on KRC shares. Royal Bank of Canada lowered shares of Kilroy Realty from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $44.00 to $39.00 in a research report on Friday, March 8th. Deutsche Bank Aktiengesellschaft initiated coverage on Kilroy Realty in a research report on Tuesday, January 30th. They issued a “hold” rating and a $40.00 target price on the stock. KeyCorp reduced their price objective on Kilroy Realty from $47.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 28th. Finally, Barclays began coverage on Kilroy Realty in a research report on Wednesday, March 27th. They issued an “equal weight” rating and a $38.00 price objective on the stock.

Hedge Funds Weigh In On Kilroy Realty

Several institutional investors and hedge funds have recently bought and sold shares of KRC. SG Americas Securities LLC boosted its holdings in Kilroy Realty by 298.9% in the first quarter. SG Americas Securities LLC now owns 44,357 shares of the real estate investment trust’s stock worth $1,616,000 after acquiring an additional 33,237 shares in the last quarter. AIA Group Ltd acquired a new stake in Kilroy Realty during the 1st quarter valued at approximately $615,000. LSV Asset Management boosted its holdings in shares of Kilroy Realty by 94.8% in the 1st quarter. LSV Asset Management now owns 495,023 shares of the real estate investment trust’s stock valued at $18,034,000 after acquiring an additional 240,876 shares during the last quarter. Texas Permanent School Fund Corp increased its stake in shares of Kilroy Realty by 1.6% in the first quarter. Texas Permanent School Fund Corp now owns 93,441 shares of the real estate investment trust’s stock worth $3,404,000 after acquiring an additional 1,445 shares during the period. Finally, Easterly Investment Partners LLC acquired a new stake in Kilroy Realty during the 1st quarter worth about $4,585,000. 94.22% of the stock is owned by hedge funds and other institutional investors.

Kilroy Realty Trading Up 1.0 %

Kilroy Realty stock opened at $34.27 on Tuesday. The firm has a 50 day moving average of $34.87 and a 200 day moving average of $35.28. The company has a current ratio of 3.30, a quick ratio of 2.65 and a debt-to-equity ratio of 0.91. Kilroy Realty has a 12-month low of $25.99 and a 12-month high of $43.37. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 19.69, a P/E/G ratio of 2.52 and a beta of 1.02.

Kilroy Realty Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 29th were given a dividend of $0.54 per share. The ex-dividend date was Wednesday, March 27th. This represents a $2.16 dividend on an annualized basis and a yield of 6.30%. Kilroy Realty’s payout ratio is 124.14%.

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.