Kilroy Realty Co. (NYSE:KRC) Given Consensus Recommendation of “Hold” by Brokerages

Kilroy Realty Co. (NYSE:KRC) has earned an average rating of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $40.67.

Several analysts recently commented on the stock. Jefferies Financial Group cut shares of Kilroy Realty from a “buy” rating to a “hold” rating and decreased their price target for the stock from $45.00 to $41.00 in a report on Thursday. Barclays boosted their price target on shares of Kilroy Realty from $38.00 to $44.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Evercore ISI increased their price objective on Kilroy Realty from $40.00 to $41.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. upgraded Kilroy Realty from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $45.00 to $49.00 in a research note on Friday, December 20th. Finally, Scotiabank downgraded Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price target for the company. in a research note on Thursday, November 14th.

Insider Buying and Selling

In other news, insider Heidi Rena Roth sold 12,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.28, for a total value of $507,360.00. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.49% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of KRC. Assetmark Inc. grew its position in shares of Kilroy Realty by 1.0% in the third quarter. Assetmark Inc. now owns 26,792 shares of the real estate investment trust’s stock valued at $1,037,000 after purchasing an additional 274 shares during the last quarter. FMR LLC increased its position in Kilroy Realty by 2.2% in the 3rd quarter. FMR LLC now owns 15,201 shares of the real estate investment trust’s stock worth $588,000 after buying an additional 329 shares during the period. Versant Capital Management Inc boosted its position in shares of Kilroy Realty by 14.8% in the fourth quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 336 shares during the period. Commerce Bank increased its position in Kilroy Realty by 3.0% during the third quarter. Commerce Bank now owns 11,574 shares of the real estate investment trust’s stock worth $448,000 after acquiring an additional 342 shares during the period. Finally, GAMMA Investing LLC raised its stake in Kilroy Realty by 33.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 371 shares during the last quarter. Institutional investors own 94.22% of the company’s stock.

Kilroy Realty Stock Up 2.0 %

KRC stock opened at $40.63 on Friday. The company’s 50 day simple moving average is $40.61 and its 200-day simple moving average is $37.53. Kilroy Realty has a 52-week low of $30.71 and a 52-week high of $43.78. 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 firm has a market capitalization of $4.80 billion, a P/E ratio of 24.33 and a beta of 1.02.

Kilroy Realty (NYSE:KRC) last released its earnings results 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 during the quarter, compared to analysts’ expectations 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 previous year, the company earned $1.12 EPS. As a group, equities research analysts anticipate that Kilroy Realty will post 4.41 EPS for the current year.

Kilroy Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.32%. The ex-dividend date of this dividend is Tuesday, December 31st. Kilroy Realty’s dividend payout ratio is 129.34%.

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.