KeyCorp Cuts Kilroy Realty (NYSE:KRC) Price Target to $41.00

Kilroy Realty (NYSE:KRC) had its price objective cut by KeyCorp from $45.00 to $41.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

KRC has been the subject of a number of other research reports. Royal Bank of Canada decreased their price target on shares of Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating for the company in a research report on Monday, March 10th. JPMorgan Chase & Co. raised shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $45.00 to $49.00 in a report on Friday, December 20th. Barclays upgraded shares of Kilroy Realty from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $42.00 to $44.00 in a research note on Thursday, February 27th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $36.00 price target (down from $42.00) on shares of Kilroy Realty in a research note on Friday, March 28th. Finally, Wells Fargo & Company cut Kilroy Realty from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $43.00 to $35.00 in a research note on Monday, March 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $38.82.

Kilroy Realty Stock Performance

Kilroy Realty stock opened at $33.30 on Monday. Kilroy Realty has a 12-month low of $30.71 and a 12-month high of $43.78. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.21 and a quick ratio of 2.21. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of 18.81 and a beta of 1.02. The firm’s fifty day moving average price is $35.08 and its 200 day moving average price is $38.23.

Kilroy Realty (NYSE:KRC) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. On average, research analysts forecast that Kilroy Realty will post 4 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.16 dividend on an annualized basis and a yield of 6.49%. Kilroy Realty’s dividend payout ratio is currently 122.03%.

Insider Buying and Selling

In other news, CEO Angela M. Aman bought 2,797 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was purchased at an average price of $35.45 per share, for a total transaction of $99,153.65. Following the transaction, the chief executive officer now owns 2,797 shares in the company, valued at approximately $99,153.65. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP John Osmond sold 4,000 shares of Kilroy Realty stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $35.16, for a total value of $140,640.00. Following the sale, the executive vice president now directly owns 12,528 shares in the company, valued at approximately $440,484.48. This trade represents a 24.20 % decrease in their position. The disclosure for this sale can be found here. 2.49% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Wilmington Savings Fund Society FSB bought a new position in Kilroy Realty during the 3rd quarter valued at $34,000. Summit Securities Group LLC bought a new position in Kilroy Realty during the fourth quarter valued at about $49,000. GAMMA Investing LLC boosted its stake 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 valued at $75,000 after buying an additional 374 shares in the last quarter. GF Fund Management CO. LTD. acquired a new position in Kilroy Realty during the fourth quarter worth about $82,000. Finally, Fifth Third Bancorp raised its position in Kilroy Realty by 31.7% in the fourth quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust’s stock worth $102,000 after acquiring an additional 607 shares in the last quarter. Institutional investors own 94.22% of the company’s stock.

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.