Kilroy Realty (NYSE:KRC) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of Kilroy Realty (NYSE:KRC) from an underperform rating to a market perform rating in a research note issued to investors on Tuesday morning, MarketBeat reports. The firm currently has $44.00 target price on the real estate investment trust’s stock, up from their prior target price of $40.00.

KRC has been the subject of a number of other reports. Scotiabank upgraded Kilroy Realty from a “sector underperform” rating to a “sector perform” rating and raised their price target for the stock from $40.00 to $47.00 in a research report on Wednesday, September 17th. Evercore ISI lowered their target price on shares of Kilroy Realty from $47.00 to $46.00 and set an “in-line” rating for the company in a report on Friday, November 14th. Wells Fargo & Company lifted their price target on shares of Kilroy Realty from $33.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 27th. The Goldman Sachs Group reissued a “sell” rating and issued a $33.00 price objective on shares of Kilroy Realty in a research report on Thursday, August 21st. Finally, Barclays restated an “equal weight” rating and set a $43.00 target price on shares of Kilroy Realty in a research report on Thursday, September 4th. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Kilroy Realty has an average rating of “Hold” and an average price target of $41.92.

Kilroy Realty Trading Down 2.7%

KRC opened at $40.41 on Tuesday. The stock has a 50-day moving average of $41.99 and a 200 day moving average of $38.21. The company has a current ratio of 2.56, a quick ratio of 2.35 and a debt-to-equity ratio of 0.81. Kilroy Realty has a 12 month low of $27.07 and a 12 month high of $45.03. The firm has a market cap of $4.78 billion, a P/E ratio of 14.91 and a beta of 1.22.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.09. The business had revenue of $279.74 million during the quarter, compared to analyst estimates of $271.24 million. Kilroy Realty had a return on equity of 5.75% and a net margin of 28.68%.The company’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period last year, the company earned $1.17 EPS. Kilroy Realty has set its FY 2025 guidance at 4.180-4.240 EPS. As a group, research analysts forecast that Kilroy Realty will post 4 EPS for the current year.

Kilroy Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 31st will be issued a $0.54 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.3%. Kilroy Realty’s payout ratio is presently 79.70%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of KRC. Westside Investment Management Inc. lifted its holdings in shares of Kilroy Realty by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 618 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 309 shares during the period. American National Bank & Trust bought a new stake in shares of Kilroy Realty in the second quarter valued at about $25,000. Quaker Wealth Management LLC lifted its stake in Kilroy Realty by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 755 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 1,510 shares during the period. Wiser Advisor Group LLC purchased a new stake in Kilroy Realty in the third quarter worth about $32,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in Kilroy Realty during the 3rd quarter worth about $40,000. 94.22% of the stock is currently 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.