Kilroy Realty Co. (NYSE:KRC) Receives $41.27 Consensus Price Target from Analysts

Kilroy Realty Co. (NYSE:KRC) has earned an average rating of “Hold” from the eleven ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $41.45.

Several equities research analysts have issued reports on the stock. Scotiabank lowered shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price target on the stock. in a research note on Thursday, November 14th. The Goldman Sachs Group dropped their target price on Kilroy Realty from $48.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. JPMorgan Chase & Co. upgraded Kilroy Realty from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $45.00 to $49.00 in a research note on Friday, December 20th. Evercore ISI dropped their price objective on Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a report on Wednesday, February 12th. Finally, Jefferies Financial Group downgraded shares of Kilroy Realty from a “buy” rating to a “hold” rating and cut their price target for the stock from $45.00 to $41.00 in a report on Thursday, January 2nd.

Kilroy Realty Stock Performance

Shares of Kilroy Realty stock opened at $35.72 on Monday. The stock’s fifty day simple moving average is $37.59 and its 200 day simple moving average is $38.41. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $4.22 billion, a PE ratio of 20.18 and a beta of 1.02. Kilroy Realty has a 12 month low of $30.71 and a 12 month high of $43.78.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. On average, research analysts predict that Kilroy Realty will post 4 EPS for the current year.

Kilroy Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be issued a $0.54 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.16 dividend on an annualized basis and a yield of 6.05%. Kilroy Realty’s dividend payout ratio (DPR) is presently 122.03%.

Insider Buying and Selling

In related news, CEO Angela M. Aman bought 2,797 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average cost of $35.45 per share, with a total value of $99,153.65. Following the transaction, the chief executive officer now directly owns 2,797 shares in the company, valued at approximately $99,153.65. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.49% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kilroy Realty

A number of hedge funds have recently made changes to their positions in KRC. Wilmington Savings Fund Society FSB bought a new stake in Kilroy Realty during the third quarter valued at $34,000. Summit Securities Group LLC bought a new stake in Kilroy Realty during the 4th quarter valued at $49,000. GAMMA Investing LLC increased its position in shares of 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 worth $75,000 after acquiring an additional 374 shares in the last quarter. GF Fund Management CO. LTD. purchased a new stake in shares of Kilroy Realty in the fourth quarter worth approximately $82,000. Finally, Fifth Third Bancorp raised its position in Kilroy Realty by 31.7% in 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 currently owned by institutional investors.

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.