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

Shares of Kilroy Realty Co. (NYSE:KRC) have earned an average recommendation of “Buy” from the eleven brokerages that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $74.90.

KRC has been the topic of several recent analyst reports. KeyCorp cut their price objective on shares of Kilroy Realty from $91.00 to $85.00 and set an “overweight” rating on the stock in a report on Thursday, October 14th. Zacks Investment Research cut shares of Kilroy Realty from a “buy” rating to a “hold” rating in a report on Thursday, October 28th. Royal Bank of Canada raised shares of Kilroy Realty from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $75.00 to $80.00 in a report on Friday, November 19th. Deutsche Bank Aktiengesellschaft raised Kilroy Realty from a “sell” rating to a “hold” rating and set a $73.00 target price on the stock in a research report on Tuesday, October 12th. Finally, Evercore ISI reaffirmed a “buy” rating and set a $75.00 price target on shares of Kilroy Realty in a research report on Wednesday, September 22nd.

In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 1,000 shares of the stock in a transaction that occurred on Friday, November 5th. The stock was sold at an average price of $71.00, for a total transaction of $71,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Heidi Rena Roth sold 12,696 shares of Kilroy Realty stock in a transaction that occurred on Friday, November 5th. The stock was sold at an average price of $70.92, for a total value of $900,400.32. The disclosure for this sale can be found here. Company insiders own 1.83% of the company’s stock.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. US Bancorp DE boosted its stake in Kilroy Realty by 11.5% during the second quarter. US Bancorp DE now owns 1,574 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 162 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its holdings in shares of Kilroy Realty by 1.6% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 10,375 shares of the real estate investment trust’s stock worth $687,000 after acquiring an additional 165 shares during the period. M&T Bank Corp boosted its position in shares of Kilroy Realty by 3.2% during the 3rd quarter. M&T Bank Corp now owns 8,445 shares of the real estate investment trust’s stock valued at $559,000 after acquiring an additional 263 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Kilroy Realty by 5.9% in the third quarter. LPL Financial LLC now owns 4,809 shares of the real estate investment trust’s stock valued at $318,000 after purchasing an additional 270 shares during the period. Finally, Freestone Capital Holdings LLC increased its position in Kilroy Realty by 2.3% during the second quarter. Freestone Capital Holdings LLC now owns 13,705 shares of the real estate investment trust’s stock worth $954,000 after purchasing an additional 310 shares during the last quarter. 91.58% of the stock is owned by institutional investors.

Shares of NYSE:KRC opened at $66.46 on Friday. The company has a market capitalization of $7.74 billion, a PE ratio of 11.80, a P/E/G ratio of 2.40 and a beta of 0.80. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.69. Kilroy Realty has a 12-month low of $54.26 and a 12-month high of $74.05. The business’s fifty day simple moving average is $68.14 and its 200-day simple moving average is $68.28.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings results on Tuesday, October 26th. The real estate investment trust reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.08. The business had revenue of $232.33 million for the quarter, compared to analysts’ expectations of $227.76 million. Kilroy Realty had a net margin of 71.39% and a return on equity of 11.79%. The company’s revenue was up 1.8% compared to the same quarter last year. During the same period last year, the business earned $0.99 EPS. Research analysts predict that Kilroy Realty will post 3.78 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 12th. Shareholders of record on Friday, December 31st will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Thursday, December 30th. Kilroy Realty’s payout ratio is currently 36.94%.

Kilroy Realty Company Profile

Kilroy Realty Corp. engages in the development, acquisition, and management of office and mixed-use real estate assets. It owns, develops, acquires and manages real estate assets, consisting primarily of Class A properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and Greater Seattle.

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Analyst Recommendations for Kilroy Realty (NYSE:KRC)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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