Kilroy Realty Co. (NYSE:KRC) Receives $38.50 Consensus PT from Brokerages

Kilroy Realty Co. (NYSE:KRCGet Free Report) has received a consensus recommendation of “Hold” from the eleven research firms that are presently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $38.50.

A number of equities research analysts recently issued reports on KRC shares. KeyCorp decreased their price target on Kilroy Realty from $47.00 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday, February 28th. Royal Bank of Canada lowered Kilroy Realty from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $44.00 to $39.00 in a research note on Friday, March 8th. Deutsche Bank Aktiengesellschaft decreased their price target on Kilroy Realty from $40.00 to $34.00 and set a “hold” rating for the company in a research note on Thursday, May 30th. Finally, Barclays started coverage on Kilroy Realty in a research note on Wednesday, March 27th. They set an “equal weight” rating and a $38.00 price target for the company.

Get Our Latest Stock Analysis on Kilroy Realty

Insiders Place Their Bets

In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 3,329 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $33.66, for a total transaction of $112,054.14. Following the transaction, the chief accounting officer now directly owns 29,081 shares in the company, valued at $978,866.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Kilroy Realty news, insider A. Robert Paratte sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $33.35, for a total transaction of $400,200.00. Following the transaction, the insider now owns 68,139 shares of the company’s stock, valued at $2,272,435.65. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Merryl Elizabeth Werber sold 3,329 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $33.66, for a total value of $112,054.14. Following the transaction, the chief accounting officer now directly owns 29,081 shares in the company, valued at approximately $978,866.46. The disclosure for this sale can be found here. 2.49% of the stock is owned by insiders.

Hedge Funds Weigh In On Kilroy Realty

A number of hedge funds and other institutional investors have recently made changes to their positions in KRC. Lasalle Investment Management Securities LLC boosted its holdings in Kilroy Realty by 17.3% in the 1st quarter. Lasalle Investment Management Securities LLC now owns 860,214 shares of the real estate investment trust’s stock valued at $31,338,000 after purchasing an additional 127,036 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Kilroy Realty by 13.2% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 49,420 shares of the real estate investment trust’s stock valued at $1,751,000 after purchasing an additional 5,749 shares in the last quarter. Swedbank AB purchased a new stake in Kilroy Realty in the 1st quarter valued at approximately $5,811,000. Walleye Trading LLC purchased a new stake in Kilroy Realty in the 1st quarter valued at approximately $264,000. Finally, Tidal Investments LLC boosted its holdings in Kilroy Realty by 53.5% in the 1st quarter. Tidal Investments LLC now owns 10,808 shares of the real estate investment trust’s stock valued at $392,000 after purchasing an additional 3,767 shares in the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Kilroy Realty Price Performance

Shares of Kilroy Realty stock opened at $31.58 on Wednesday. The stock has a market cap of $3.71 billion, a price-to-earnings ratio of 18.15 and a beta of 1.03. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.30 and a current ratio of 3.30. The stock has a 50 day moving average price of $33.10 and a 200-day moving average price of $35.83. Kilroy Realty has a one year low of $26.78 and a one year high of $43.37.

Kilroy Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 6.84%. The ex-dividend date of this dividend is Friday, June 28th. Kilroy Realty’s dividend payout ratio (DPR) is 124.14%.

Kilroy Realty Company Profile

(Get Free Report

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.

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Analyst Recommendations for Kilroy Realty (NYSE:KRC)

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