JPMorgan Chase & Co. Issues Pessimistic Forecast for Kilroy Realty (NYSE:KRC) Stock Price

Kilroy Realty (NYSE:KRC) had its price target reduced by JPMorgan Chase & Co. from $49.00 to $42.00 in a report published on Wednesday,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

A number of other research analysts have also recently weighed in on the stock. Jefferies Financial Group started coverage on shares of Kilroy Realty in a research note on Monday, March 17th. They set a “hold” rating and a $34.00 target price on the stock. 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. Royal Bank of Canada decreased their target price on Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating for the company in a research report on Monday, March 10th. Barclays raised shares of Kilroy Realty from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $42.00 to $44.00 in a report on Thursday, February 27th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $36.00 price objective (down previously from $42.00) on shares of Kilroy Realty in a research note on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $38.82.

Kilroy Realty Stock Down 1.8 %

KRC stock opened at $30.01 on Wednesday. Kilroy Realty has a twelve month low of $28.54 and a twelve month high of $43.78. The firm has a market cap of $3.55 billion, a PE ratio of 16.96 and a beta of 1.02. The business has a 50 day moving average of $34.76 and a 200 day moving average of $38.12. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.82.

Kilroy Realty (NYSE:KRC) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share 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, research analysts forecast that Kilroy Realty will post 4 EPS for the current fiscal year.

Kilroy Realty Dividend Announcement

The company 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. This represents a $2.16 annualized dividend and a yield of 7.20%. The ex-dividend date is Monday, March 31st. Kilroy Realty’s payout ratio is 122.03%.

Insider Activity

In other Kilroy Realty news, EVP John Osmond sold 4,000 shares of the company’s 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 transaction, the executive vice president now owns 12,528 shares of the company’s stock, valued at $440,484.48. This represents a 24.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Angela M. Aman bought 2,797 shares of the business’s stock in a transaction on Friday, February 28th. The stock was purchased at an average cost of $35.45 per share, for a total transaction of $99,153.65. Following the transaction, the chief executive officer now owns 2,797 shares of the company’s stock, valued at $99,153.65. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.49% of the company’s stock.

Hedge Funds Weigh In On Kilroy Realty

Hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC raised its stake in shares of Kilroy Realty by 2.2% in the third quarter. FMR LLC now owns 15,201 shares of the real estate investment trust’s stock valued at $588,000 after acquiring an additional 329 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Kilroy Realty by 6.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 111,262 shares of the real estate investment trust’s stock valued at $4,306,000 after acquiring an additional 7,129 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Kilroy Realty by 428.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 850,975 shares of the real estate investment trust’s stock valued at $32,933,000 after buying an additional 689,962 shares in the last quarter. Walleye Capital LLC purchased a new stake in Kilroy Realty in the third quarter valued at $317,000. Finally, HighTower Advisors LLC boosted its position in shares of Kilroy Realty by 279.3% in the 3rd quarter. HighTower Advisors LLC now owns 81,577 shares of the real estate investment trust’s stock valued at $3,159,000 after purchasing an additional 60,072 shares during the period. 94.22% of the stock is currently 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.