Brokerages Set Kilroy Realty Co. (NYSE:KRC) Price Target at $40.09

Shares of Kilroy Realty Co. (NYSE:KRC) have been assigned a consensus recommendation of “Hold” from the eleven brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $40.09.

KRC has been the topic of several recent research reports. Barclays upgraded Kilroy Realty from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $42.00 to $44.00 in a research report on Thursday, February 27th. Royal Bank of Canada lowered their target price on Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating on the stock in a research note on Monday, March 10th. JPMorgan Chase & Co. upgraded Kilroy Realty from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $45.00 to $49.00 in a research note on Friday, December 20th. Jefferies Financial Group began coverage on shares of Kilroy Realty in a research note on Monday, March 17th. They issued a “hold” rating and a $34.00 price objective on the stock. Finally, The Goldman Sachs Group cut their price objective on shares of Kilroy Realty from $48.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, February 20th.

Insider Buying and Selling

In other Kilroy Realty news, CEO Angela M. Aman acquired 2,797 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average cost of $35.45 per share, for a total transaction of $99,153.65. Following the transaction, the chief executive officer now directly owns 2,797 shares of the company’s stock, valued at approximately $99,153.65. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.49% of the company’s stock.

Hedge Funds Weigh In On Kilroy Realty

Several hedge funds have recently added to or reduced their stakes in the business. Vestcor Inc grew its position in shares of Kilroy Realty by 289.0% in the third quarter. Vestcor Inc now owns 34,313 shares of the real estate investment trust’s stock valued at $1,328,000 after purchasing an additional 25,492 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Kilroy Realty by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,171,717 shares of the real estate investment trust’s stock valued at $84,045,000 after buying an additional 27,660 shares during the last quarter. GAMMA Investing LLC increased its position in Kilroy Realty by 25.4% during the fourth quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust’s stock worth $75,000 after buying an additional 374 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Kilroy Realty by 428.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 850,975 shares of the real estate investment trust’s stock valued at $32,933,000 after purchasing an additional 689,962 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of Kilroy Realty by 6.8% during the third quarter. BNP Paribas Financial Markets now owns 111,262 shares of the real estate investment trust’s stock valued at $4,306,000 after buying an additional 7,129 shares during the period. 94.22% of the stock is currently owned by hedge funds and other institutional investors.

Kilroy Realty Price Performance

KRC stock opened at $34.45 on Friday. The business has a 50 day simple moving average of $35.76 and a 200-day simple moving average of $38.32. The company has a market capitalization of $4.07 billion, a P/E ratio of 19.46 and a beta of 1.02. Kilroy Realty has a twelve month low of $30.71 and a twelve month high of $43.78. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 EPS for the quarter, beating the consensus estimate of $1.03 by $0.17. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. As a group, equities analysts anticipate that Kilroy Realty will post 4 EPS for the current year.

Kilroy Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be given a dividend of $0.54 per share. The ex-dividend date is Monday, March 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.27%. Kilroy Realty’s payout ratio is 122.03%.

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.