Kilroy Realty Co. (NYSE:KRC) Receives $40.09 Average PT from Analysts

Kilroy Realty Co. (NYSE:KRC) has earned an average rating of “Hold” from the eleven brokerages that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $40.09.

A number of research analysts recently weighed in on KRC shares. Jefferies Financial Group assumed coverage on Kilroy Realty in a research note on Monday, March 17th. They set a “hold” rating and a $34.00 price target on the stock. Evercore ISI lowered their target price on Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating on the stock in a research report on Wednesday, February 12th. Mizuho reissued a “neutral” rating and issued a $43.00 price target (down previously from $45.00) on shares of Kilroy Realty in a research report on Tuesday, January 7th. Wells Fargo & Company downgraded shares of Kilroy Realty from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $43.00 to $35.00 in a report on Monday, March 10th. Finally, Royal Bank of Canada dropped their price objective on shares of Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating on the stock in a research note on Monday, March 10th.

Insider Activity

In related news, insider A. Robert Paratte sold 6,000 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $34.74, for a total transaction of $208,440.00. Following the completion of the transaction, the insider now owns 86,744 shares in the company, valued at approximately $3,013,486.56. This represents a 6.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Angela M. Aman acquired 2,797 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average price of $35.45 per share, with a total value of $99,153.65. Following the acquisition, the chief executive officer now directly owns 2,797 shares of the company’s stock, valued at $99,153.65. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 2.49% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue lifted its stake in Kilroy Realty by 0.4% in the fourth quarter. State of Alaska Department of Revenue now owns 68,456 shares of the real estate investment trust’s stock valued at $2,768,000 after purchasing an additional 276 shares during the last quarter. Choreo LLC raised its stake in shares of Kilroy Realty by 3.2% in the fourth quarter. Choreo LLC now owns 8,852 shares of the real estate investment trust’s stock valued at $358,000 after buying an additional 278 shares during the period. M&T Bank Corp lifted its position in shares of Kilroy Realty by 1.3% during the 4th quarter. M&T Bank Corp now owns 22,889 shares of the real estate investment trust’s stock valued at $926,000 after buying an additional 293 shares during the last quarter. US Bancorp DE grew its stake in shares of Kilroy Realty by 3.4% during the 4th quarter. US Bancorp DE now owns 9,680 shares of the real estate investment trust’s stock worth $392,000 after acquiring an additional 317 shares during the period. Finally, Treasurer of the State of North Carolina grew its stake in shares of Kilroy Realty by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 51,388 shares of the real estate investment trust’s stock worth $2,079,000 after acquiring an additional 320 shares during the period. 94.22% of the stock is owned by institutional investors.

Kilroy Realty Price Performance

Kilroy Realty stock opened at $35.05 on Friday. The stock’s 50 day moving average price is $35.69 and its two-hundred day moving average price is $38.32. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 19.80 and a beta of 1.02. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21. Kilroy Realty has a 52-week low of $30.71 and a 52-week high of $43.78.

Kilroy Realty (NYSE:KRC) last posted 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 net margin of 18.58% and a return on equity of 3.75%. On average, equities analysts predict that Kilroy Realty will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be paid a $0.54 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.16%. Kilroy Realty’s payout ratio is presently 122.03%.

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.