Kilroy Realty (NYSE:KRC) Given New $42.00 Price Target at KeyCorp

Kilroy Realty (NYSE:KRC) had its price objective reduced by KeyCorp from $45.00 to $42.00 in a report released on Tuesday morning, Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

Other research analysts have also recently issued research reports about the company. Royal Bank of Canada cut Kilroy Realty from an outperform rating to a sector perform rating and decreased their price target for the stock from $44.00 to $39.00 in a research report on Friday, March 8th. Barclays assumed coverage on shares of Kilroy Realty in a report on Wednesday, March 27th. They issued an equal weight rating and a $38.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Kilroy Realty from $40.00 to $34.00 and set a hold rating for the company in a report on Thursday, May 30th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Kilroy Realty has an average rating of Hold and an average target price of $38.20.

Kilroy Realty Stock Up 1.8 %

Shares of KRC opened at $31.84 on Tuesday. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.91. Kilroy Realty has a 12 month low of $26.78 and a 12 month high of $43.37. The firm’s 50 day moving average is $32.90 and its 200-day moving average is $35.44. The stock has a market capitalization of $3.74 billion, a PE ratio of 18.30 and a beta of 1.04.

Kilroy Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.54 per share. The ex-dividend date is Friday, June 28th. This represents a $2.16 annualized dividend and a dividend yield of 6.78%. Kilroy Realty’s dividend payout ratio (DPR) is presently 124.14%.

Insider Activity at Kilroy Realty

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

Hedge Funds Weigh In On Kilroy Realty

Hedge funds have recently made changes to their positions in the stock. Fidelis Capital Partners LLC acquired a new stake in Kilroy Realty during the 1st quarter valued at approximately $26,000. Wiser Advisor Group LLC boosted its position 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 valued at $28,000 after purchasing an additional 305 shares in the last quarter. Principal Securities Inc. acquired a new stake in Kilroy Realty during the fourth quarter worth approximately $33,000. Global Retirement Partners LLC increased its holdings in Kilroy Realty by 458.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,006 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 826 shares in the last quarter. Finally, GAMMA Investing LLC bought a new stake in Kilroy Realty in the fourth quarter worth approximately $41,000. 94.22% of the stock is currently owned by institutional investors.

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.