Kilroy Realty Co. (NYSE:KRC) Receives $38.43 Consensus PT from Brokerages

Shares of Kilroy Realty Co. (NYSE:KRC) have been assigned an average rating of “Hold” from the eight analysts that are presently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $38.43.

KRC has been the subject of several recent analyst reports. Wells Fargo & Company dropped their price objective on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, September 11th. Scotiabank cut their price target on shares of Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. KeyCorp reduced their price objective on shares of Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 2nd. Finally, Evercore ISI boosted their target price on Kilroy Realty from $38.00 to $40.00 and gave the company an “in-line” rating in a research report on Monday, September 16th.

Kilroy Realty Stock Down 0.6 %

Shares of NYSE KRC opened at $41.42 on Tuesday. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 24.65 and a beta of 1.04. Kilroy Realty has a 12-month low of $26.78 and a 12-month high of $43.78. The company has a current ratio of 3.61, a quick ratio of 3.61 and a debt-to-equity ratio of 0.91. The firm’s 50-day moving average price is $37.95 and its 200-day moving average price is $34.98.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.67). The company had revenue of $280.73 million during the quarter, compared to the consensus estimate of $276.81 million. Kilroy Realty had a net margin of 17.91% and a return on equity of 3.52%. Kilroy Realty’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.19 earnings per share. On average, equities research analysts anticipate that Kilroy Realty will post 4.25 EPS for the current fiscal year.

Kilroy Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.21%. The ex-dividend date was Monday, September 30th. Kilroy Realty’s dividend payout ratio (DPR) is presently 128.57%.

Insider Buying and Selling

In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 3,000 shares of Kilroy Realty stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total transaction of $117,420.00. Following the completion of the sale, the chief accounting officer now directly owns 26,401 shares of the company’s stock, valued at $1,033,335.14. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, EVP John Osmond sold 2,628 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total transaction of $105,120.00. Following the transaction, the executive vice president now directly owns 8,818 shares in the company, valued at approximately $352,720. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total transaction of $117,420.00. Following the completion of the transaction, the chief accounting officer now directly owns 26,401 shares of the company’s stock, valued at $1,033,335.14. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.49% of the stock is owned by insiders.

Institutional Trading of Kilroy Realty

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wiser Advisor Group LLC lifted its stake in shares of Kilroy Realty by 67.5% during the 1st quarter. Wiser Advisor Group LLC now owns 757 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 305 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of Kilroy Realty by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 67,153 shares of the real estate investment trust’s stock valued at $2,444,000 after buying an additional 349 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Kilroy Realty by 33.6% in 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. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Kilroy Realty by 6.0% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,765 shares of the real estate investment trust’s stock valued at $210,000 after buying an additional 383 shares in the last quarter. Finally, Ballentine Partners LLC grew its position in shares of Kilroy Realty by 2.7% in the 1st quarter. Ballentine Partners LLC now owns 16,809 shares of the real estate investment trust’s stock worth $612,000 after buying an additional 438 shares during the last quarter. Institutional investors own 94.22% of the company’s stock.

Kilroy Realty Company Profile

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.