Kilroy Realty’s (KRC) “Neutral” Rating Reiterated at Mizuho

Mizuho restated their neutral rating on shares of Kilroy Realty (NYSE:KRC) in a research report released on Tuesday morning, Marketbeat reports. The firm currently has a $43.00 target price on the real estate investment trust’s stock, down from their previous target price of $45.00.

Several other research firms have also recently issued reports on KRC. Evercore ISI boosted their target price on shares of Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Jefferies Financial Group lowered shares of Kilroy Realty from a “buy” rating to a “hold” rating and lowered their target price for the stock from $45.00 to $41.00 in a research note on Thursday, January 2nd. Barclays lifted their price target on Kilroy Realty from $38.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Wells Fargo & Company lowered their price target on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 11th. Finally, JPMorgan Chase & Co. upgraded Kilroy Realty from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $45.00 to $49.00 in a research report on Friday, December 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Kilroy Realty currently has an average rating of “Hold” and an average target price of $40.90.

Kilroy Realty Price Performance

NYSE:KRC opened at $37.04 on Tuesday. The firm’s fifty day moving average is $40.37 and its two-hundred day moving average is $37.70. The firm has a market cap of $4.37 billion, a price-to-earnings ratio of 22.18 and a beta of 1.02. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.08 and a current ratio of 3.08. Kilroy Realty has a one year low of $30.71 and a one year high of $43.78.

Kilroy Realty (NYSE:KRC) last issued its earnings results on Monday, October 28th. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.60). The company had revenue of $289.94 million during the quarter, compared to analysts’ expectations of $275.77 million. Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. During the same quarter in the previous year, the company earned $1.12 EPS. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. Research analysts expect that Kilroy Realty will post 4.41 EPS for the current year.

Kilroy Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 31st were issued a $0.54 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.16 dividend on an annualized basis and a yield of 5.83%. Kilroy Realty’s payout ratio is currently 129.34%.

Insider Transactions at Kilroy Realty

In related news, insider Heidi Rena Roth sold 12,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.28, for a total transaction of $507,360.00. Following the transaction, the insider now directly owns 50,211 shares in the company, valued at approximately $2,122,921.08. The trade was a 19.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 2.49% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Waterfall Asset Management LLC acquired a new stake in shares of Kilroy Realty in the second quarter valued at approximately $1,309,000. CWA Asset Management Group LLC purchased a new stake in Kilroy Realty in the 3rd quarter valued at $476,000. Vestcor Inc increased its stake in shares of Kilroy Realty by 289.0% in the 3rd quarter. Vestcor Inc now owns 34,313 shares of the real estate investment trust’s stock worth $1,328,000 after acquiring an additional 25,492 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Kilroy Realty in the 2nd quarter worth $1,178,000. Finally, International Assets Investment Management LLC raised its holdings in shares of Kilroy Realty by 4,454.4% during the 3rd quarter. International Assets Investment Management LLC now owns 13,390 shares of the real estate investment trust’s stock worth $518,000 after acquiring an additional 13,096 shares during the period. 94.22% of the stock is owned by hedge funds and other institutional investors.

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.