Kilroy Realty Co. (NYSE:KRC) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Kilroy Realty Co. (NYSE:KRC) have been assigned an average rating of “Hold” from the ten ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $40.90.

A number of equities research analysts have recently weighed in on the stock. Mizuho reissued a “neutral” rating and set a $43.00 price objective (down from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. JPMorgan Chase & Co. upgraded Kilroy Realty from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $45.00 to $49.00 in a research note on Friday, December 20th. Barclays raised their price objective on Kilroy Realty from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Evercore ISI upped their target price on Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group lowered shares of Kilroy Realty from a “buy” rating to a “hold” rating and reduced their price target for the stock from $45.00 to $41.00 in a research report on Thursday, January 2nd.

Kilroy Realty Stock Performance

Shares of KRC stock opened at $35.59 on Friday. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.89. The company has a market cap of $4.20 billion, a PE ratio of 21.31 and a beta of 1.02. Kilroy Realty has a 12-month low of $30.71 and a 12-month high of $43.78. The business’s fifty day simple moving average is $40.30 and its 200-day simple moving average is $37.77.

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

Kilroy Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 31st were issued a $0.54 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.16 dividend on an annualized basis and a yield of 6.07%. Kilroy Realty’s payout ratio is 129.34%.

Insider Transactions at Kilroy Realty

In other news, insider Heidi Rena Roth sold 12,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total transaction of $507,360.00. Following the transaction, the insider now owns 50,211 shares in the company, valued at $2,122,921.08. This trade represents a 19.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.49% of the company’s stock.

Hedge Funds Weigh In On Kilroy Realty

A number of large investors have recently added to or reduced their stakes in the stock. Waterfall Asset Management LLC purchased a new stake in shares of Kilroy Realty during the second quarter worth about $1,309,000. CWA Asset Management Group LLC acquired a new position in shares of Kilroy Realty during the third quarter valued at approximately $476,000. Vestcor Inc lifted its position in shares of Kilroy Realty by 289.0% in the third quarter. Vestcor Inc now owns 34,313 shares of the real estate investment trust’s stock valued at $1,328,000 after acquiring an additional 25,492 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Kilroy Realty in the second quarter worth approximately $1,178,000. Finally, International Assets Investment Management LLC raised its stake in Kilroy Realty by 4,454.4% in the 3rd quarter. International Assets Investment Management LLC now owns 13,390 shares of the real estate investment trust’s stock valued at $518,000 after purchasing an additional 13,096 shares during the last quarter. 94.22% of the stock is currently owned by institutional investors and hedge funds.

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.