Brokerages Set Kilroy Realty Co. (NYSE:KRC) Target Price at $39.43

Shares of Kilroy Realty Co. (NYSE:KRC) have received a consensus rating of “Hold” from the eight analysts that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $39.43.

Several equities research analysts have recently commented on the stock. Evercore ISI upped their price target on shares of Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Barclays upped their price target on shares of Kilroy Realty from $38.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. Scotiabank lowered shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price target for the company. in a research report on Thursday, November 14th. Finally, Wells Fargo & Company reduced their price target on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a research report on Wednesday, September 11th.

Kilroy Realty Stock Performance

Shares of Kilroy Realty stock opened at $38.45 on Friday. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 23.23 and a beta of 1.03. The firm’s 50-day moving average is $39.39 and its 200 day moving average is $35.72. Kilroy Realty has a 1 year low of $29.72 and a 1 year high of $43.78. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 3.08.

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

Kilroy Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Monday, September 30th were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 5.62%. The ex-dividend date of this dividend was Monday, September 30th. Kilroy Realty’s dividend payout ratio is 129.34%.

Insider Buying and Selling

In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 3,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $39.14, for a total transaction of $117,420.00. Following the completion of the sale, the chief accounting officer now directly owns 26,401 shares of the company’s stock, valued at $1,033,335.14. This trade represents a 10.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John Osmond sold 2,628 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total transaction of $105,120.00. Following the sale, the executive vice president now directly owns 8,818 shares of the company’s stock, valued at approximately $352,720. This trade represents a 22.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.49% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kilroy Realty

A number of institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. boosted its position in shares of 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 valued at $4,885,000 after acquiring an additional 33,857 shares during the last quarter. PGGM Investments boosted its position in shares of Kilroy Realty by 85.0% during the 2nd quarter. PGGM Investments now owns 3,015,046 shares of the real estate investment trust’s stock valued at $93,979,000 after acquiring an additional 1,385,692 shares during the last quarter. Swedbank AB bought a new position in shares of Kilroy Realty during the 1st quarter valued at approximately $5,811,000. Waterfall Asset Management LLC bought a new position in shares of Kilroy Realty during the 2nd quarter valued at approximately $1,309,000. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Kilroy Realty by 18.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,162,748 shares of the real estate investment trust’s stock valued at $115,220,000 after acquiring an additional 487,556 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.