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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