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

Shares of Kilroy Realty Co. (NYSE:KRC) have earned an average rating of “Hold” from the eleven research firms that are currently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $38.50.

Several brokerages recently issued reports on KRC. Barclays began coverage on Kilroy Realty in a research note on Wednesday, March 27th. They issued an “equal weight” rating and a $38.00 price target for the company. Deutsche Bank Aktiengesellschaft cut their target price on Kilroy Realty from $40.00 to $34.00 and set a “hold” rating for the company in a research note on Thursday, May 30th. Royal Bank of Canada cut Kilroy Realty from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $44.00 to $39.00 in a research note on Friday, March 8th. Finally, KeyCorp cut their target price on Kilroy Realty from $47.00 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday, February 28th.

Kilroy Realty Trading Up 0.9 %

Shares of KRC stock opened at $31.93 on Wednesday. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.91. The stock has a market cap of $3.75 billion, a P/E ratio of 18.35 and a beta of 1.03. The stock has a 50 day simple moving average of $33.21 and a 200 day simple moving average of $35.93. Kilroy Realty has a 1 year low of $26.78 and a 1 year high of $43.37.

Kilroy Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 28th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $2.16 dividend on an annualized basis and a yield of 6.76%. Kilroy Realty’s payout ratio is 124.14%.

Insider Activity at Kilroy Realty

In related news, insider A. Robert Paratte sold 12,000 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $33.35, for a total value of $400,200.00. Following the completion of the sale, the insider now directly owns 68,139 shares in the company, valued at $2,272,435.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider A. Robert Paratte sold 12,000 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $33.35, for a total value of $400,200.00. Following the completion of the sale, the insider now directly owns 68,139 shares in the company, valued at $2,272,435.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Merryl Elizabeth Werber sold 3,329 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $33.66, for a total value of $112,054.14. Following the sale, the chief accounting officer now owns 29,081 shares of the company’s stock, valued at $978,866.46. The disclosure for this sale can be found here. 2.49% of the stock is currently owned by company insiders.

Institutional Trading of Kilroy Realty

Large investors have recently bought and sold shares of the business. Senvest Management LLC grew its holdings in Kilroy Realty by 21.4% during the 4th quarter. Senvest Management LLC now owns 3,595,212 shares of the real estate investment trust’s stock worth $143,233,000 after acquiring an additional 634,136 shares during the period. APG Asset Management US Inc. boosted its position in shares of Kilroy Realty by 5.0% during the 4th quarter. APG Asset Management US Inc. now owns 5,380,747 shares of the real estate investment trust’s stock worth $214,369,000 after purchasing an additional 255,835 shares in the last quarter. Norges Bank bought a new position in shares of Kilroy Realty during the 4th quarter worth about $360,831,000. Venture Visionary Partners LLC bought a new position in shares of Kilroy Realty during the 4th quarter worth about $1,556,000. Finally, Wellington Management Group LLP bought a new position in shares of Kilroy Realty during the 3rd quarter worth about $25,093,000. 94.22% of the stock is currently owned by institutional investors and hedge funds.

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.