Brokerages Set Kilroy Realty Corporation (NYSE:KRC) PT at $38.82

Kilroy Realty Corporation (NYSE:KRC) has been given a consensus recommendation of “Hold” by the twelve analysts that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $39.4545.

A number of brokerages have issued reports on KRC. Royal Bank Of Canada upped their target price on Kilroy Realty from $39.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. Wells Fargo & Company upped their price target on Kilroy Realty from $33.00 to $40.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 27th. Barclays reiterated an “equal weight” rating and set a $43.00 price target on shares of Kilroy Realty in a report on Thursday, September 4th. JPMorgan Chase & Co. cut their price target on Kilroy Realty from $42.00 to $40.00 and set an “overweight” rating for the company in a report on Wednesday, July 2nd. Finally, BMO Capital Markets lowered Kilroy Realty from a “market perform” rating to an “underperform” rating and set a $35.00 price target for the company. in a report on Wednesday, July 16th.

Kilroy Realty Stock Up 1.6%

Shares of Kilroy Realty stock opened at $44.41 on Friday. The stock has a market capitalization of $5.25 billion, a P/E ratio of 24.14 and a beta of 1.26. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.82. The stock has a 50 day moving average price of $39.45 and a two-hundred day moving average price of $35.23. Kilroy Realty has a 12-month low of $27.07 and a 12-month high of $44.89.

Kilroy Realty (NYSE:KRC) last announced its earnings results on Monday, July 28th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.12. The firm had revenue of $289.89 million during the quarter, compared to analysts’ expectations of $268.84 million. Kilroy Realty had a return on equity of 3.92% and a net margin of 19.29%.The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.10 earnings per share. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. Equities analysts expect that Kilroy Realty will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Tuesday, September 30th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Tuesday, September 30th. Kilroy Realty’s dividend payout ratio is presently 117.39%.

Insiders Place Their Bets

In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 6,250 shares of the company’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $38.28, for a total value of $239,250.00. Following the sale, the chief accounting officer directly owned 26,435 shares in the company, valued at $1,011,931.80. This represents a 19.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Eliott Trencher sold 3,997 shares of the company’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $38.05, for a total value of $152,085.85. Following the completion of the sale, the executive vice president owned 43,826 shares in the company, valued at $1,667,579.30. This trade represents a 8.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.57% of the company’s stock.

Institutional Trading of Kilroy Realty

A number of large investors have recently bought and sold shares of the stock. American National Bank & Trust bought a new stake in shares of Kilroy Realty during the second quarter worth $25,000. Quaker Wealth Management LLC grew its holdings in shares of Kilroy Realty by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 755 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 1,510 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Kilroy Realty by 192.1% during the first quarter. Allworth Financial LP now owns 964 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 634 shares during the last quarter. Harbor Asset Planning Inc. bought a new stake in shares of Kilroy Realty during the second quarter worth $34,000. Finally, UMB Bank n.a. grew its holdings in shares of Kilroy Realty by 46.0% during the second quarter. UMB Bank n.a. now owns 1,694 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 534 shares during the last quarter. 94.22% of the stock is currently owned by 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.