Kilroy Realty (NYSE:KRC) Price Target Lowered to $43.00 at Barclays

Kilroy Realty (NYSE:KRCFree Report) had its target price cut by Barclays from $44.00 to $43.00 in a research note published on Monday,Benzinga reports. They currently have an equal weight rating on the real estate investment trust’s stock.

KRC has been the topic of a number of other research reports. Evercore ISI upped their price target 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. JPMorgan Chase & Co. raised shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $45.00 to $49.00 in a report on Friday, December 20th. Mizuho reaffirmed a “neutral” rating and issued a $43.00 price objective (down from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. Jefferies Financial Group downgraded shares of Kilroy Realty from a “buy” rating to a “hold” rating and dropped their price objective for the company from $45.00 to $41.00 in a report on Thursday, January 2nd. Finally, Scotiabank downgraded shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price objective on the stock. in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $40.80.

Read Our Latest Stock Analysis on Kilroy Realty

Kilroy Realty Trading Up 1.7 %

Shares of Kilroy Realty stock opened at $36.15 on Monday. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.89. Kilroy Realty has a 12-month low of $30.71 and a 12-month high of $43.78. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 21.65 and a beta of 1.02. The firm’s 50 day simple moving average is $40.24 and its two-hundred day simple moving average is $37.84.

Kilroy Realty (NYSE:KRCGet Free Report) last issued its quarterly 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). Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. The company had revenue of $289.94 million for the quarter, compared to analyst estimates of $275.77 million. During the same quarter in the previous year, the company posted $1.12 EPS. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. Analysts predict that Kilroy Realty will post 4.41 EPS for the current year.

Kilroy Realty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 31st were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 5.98%. The ex-dividend date was Tuesday, December 31st. Kilroy Realty’s dividend payout ratio (DPR) is presently 129.34%.

Insider Buying and Selling at Kilroy Realty

In other Kilroy Realty news, insider Heidi Rena Roth sold 12,000 shares of the stock in a transaction on 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 of the company’s stock, valued at $2,122,921.08. This trade represents a 19.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.49% of the company’s stock.

Hedge Funds Weigh In On Kilroy Realty

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Assetmark Inc. raised 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 buying an additional 274 shares during the last quarter. FMR LLC raised its position in shares of Kilroy Realty by 2.2% in the third quarter. FMR LLC now owns 15,201 shares of the real estate investment trust’s stock valued at $588,000 after buying an additional 329 shares during the last quarter. Versant Capital Management Inc raised 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 buying an additional 336 shares during the last quarter. Commerce Bank raised its position in shares of Kilroy Realty by 3.0% in the third quarter. Commerce Bank now owns 11,574 shares of the real estate investment trust’s stock valued at $448,000 after buying an additional 342 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Kilroy Realty by 33.6% in the third quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 371 shares during the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.

About Kilroy Realty

(Get Free Report)

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.

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