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

Shares of Kilroy Realty Co. (NYSE:KRC) have earned a consensus recommendation of “Hold” from the ten ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $40.80.

A number of research analysts recently issued reports on KRC shares. Evercore ISI lifted their price target on shares of Kilroy Realty from $40.00 to $41.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Scotiabank cut shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 target price for the company. in a report on Thursday, November 14th. JPMorgan Chase & Co. raised Kilroy Realty from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $45.00 to $49.00 in a report on Friday, December 20th. Jefferies Financial Group downgraded Kilroy Realty from a “buy” rating to a “hold” rating and reduced their price objective for the company from $45.00 to $41.00 in a research note on Thursday, January 2nd. Finally, Mizuho reiterated a “neutral” rating and issued a $43.00 target price (down from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th.

Kilroy Realty Stock Performance

NYSE KRC opened at $37.33 on Thursday. The firm has a market capitalization of $4.41 billion, a P/E ratio of 22.36 and a beta of 1.02. The stock has a 50-day simple moving average of $39.95 and a two-hundred day simple moving average of $38.33. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.08 and a current ratio of 3.08. Kilroy Realty has a fifty-two week low of $30.71 and a fifty-two week high of $43.78.

Kilroy Realty (NYSE:KRC) last released its 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). Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. The firm had revenue of $289.94 million during the quarter, compared to analysts’ expectations of $275.77 million. During the same quarter last year, the business earned $1.12 EPS. The business’s revenue was up 2.2% compared to the same quarter last year. On average, equities analysts forecast that Kilroy Realty will post 4.41 earnings per share for the current year.

Kilroy Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 31st were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.79%. The ex-dividend date was Tuesday, December 31st. Kilroy Realty’s dividend payout ratio is currently 129.34%.

Insider Buying and Selling at Kilroy Realty

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

Institutional Investors Weigh In On Kilroy Realty

A number of institutional investors and hedge funds have recently modified their holdings of KRC. Wilmington Savings Fund Society FSB bought a new stake in Kilroy Realty during the third quarter valued at approximately $34,000. UMB Bank n.a. boosted its holdings in shares of Kilroy Realty by 126.5% in the 3rd quarter. UMB Bank n.a. now owns 967 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 540 shares in the last quarter. Quarry LP bought a new position in shares of Kilroy Realty during the 2nd quarter valued at about $55,000. GAMMA Investing LLC raised its holdings in shares of Kilroy Realty by 33.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 371 shares in the last quarter. Finally, Fifth Third Bancorp lifted 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 worth $102,000 after buying an additional 607 shares during the last quarter. 94.22% of the stock is owned by hedge funds and other 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.