Kilroy Realty Co. (NYSE:KRC) Receives $39.43 Consensus Target Price from Analysts

Shares of Kilroy Realty Co. (NYSE:KRC) have been assigned an average recommendation of “Hold” from the seven analysts that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two 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 $39.43.

A number of equities research analysts recently weighed in on KRC shares. Scotiabank downgraded Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price objective on the stock. in a research report on Thursday, November 14th. Evercore ISI lifted their price objective on shares of Kilroy Realty from $40.00 to $41.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Wells Fargo & Company reduced 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. Finally, Barclays raised their target price on shares of Kilroy Realty from $38.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th.

Insider Buying and Selling at Kilroy Realty

In related news, insider Heidi Rena Roth sold 12,000 shares of the company’s stock in a transaction that occurred 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 owns 50,211 shares in the company, valued at $2,122,921.08. This represents a 19.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John Osmond sold 2,628 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total transaction of $105,120.00. Following the completion of the transaction, the executive vice president now owns 8,818 shares in the company, valued at approximately $352,720. This trade represents a 22.96 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,628 shares of company stock worth $729,900. 2.49% of the stock is owned by corporate insiders.

Institutional Trading of Kilroy Realty

Several large investors have recently made changes to their positions in the business. QRG Capital Management Inc. lifted its position in Kilroy Realty by 10.8% during the second quarter. QRG Capital Management Inc. now owns 7,378 shares of the real estate investment trust’s stock valued at $230,000 after purchasing an additional 717 shares during the period. SG Americas Securities LLC grew its holdings in Kilroy Realty by 33.2% during the second quarter. SG Americas Securities LLC now owns 59,070 shares of the real estate investment trust’s stock worth $1,841,000 after acquiring an additional 14,713 shares during the period. Swedbank AB grew its holdings in Kilroy Realty by 4.0% during the second quarter. Swedbank AB now owns 165,850 shares of the real estate investment trust’s stock worth $5,170,000 after acquiring an additional 6,337 shares during the period. Assenagon Asset Management S.A. purchased a new position in Kilroy Realty during the second quarter valued at approximately $321,000. Finally, Blue Trust Inc. lifted its holdings in Kilroy Realty by 1,322.9% in the second quarter. Blue Trust Inc. now owns 1,366 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 1,270 shares during the period. 94.22% of the stock is owned by hedge funds and other institutional investors.

Kilroy Realty Stock Up 1.1 %

Shares of Kilroy Realty stock opened at $41.75 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 3.08. The stock has a market cap of $4.93 billion, a price-to-earnings ratio of 25.00 and a beta of 1.03. The firm’s 50-day moving average is $40.50 and its two-hundred day moving average is $36.67. Kilroy Realty has a 1 year low of $30.71 and a 1 year high of $43.78.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.60). The business had revenue of $289.94 million for the quarter, compared to the consensus estimate of $275.77 million. Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. Kilroy Realty’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.12 earnings per share. As a group, research analysts expect that Kilroy Realty will post 4.41 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 5.17%. The ex-dividend date is Tuesday, December 31st. Kilroy Realty’s dividend payout ratio is presently 129.34%.

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.