Brokerages Set Kilroy Realty Corporation (NYSE:KRC) PT at $42.08

Shares of Kilroy Realty Corporation (NYSE:KRC) have earned an average rating of “Hold” from the thirteen research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $42.0833.

A number of research analysts have recently weighed in on KRC shares. BMO Capital Markets raised Kilroy Realty from an “underperform” rating to a “market perform” rating and increased their price target for the company from $40.00 to $44.00 in a research note on Tuesday, November 18th. Mizuho lifted their price objective on Kilroy Realty from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. New Street Research set a $45.00 target price on Kilroy Realty in a research note on Monday, October 13th. KeyCorp restated a “sector weight” rating on shares of Kilroy Realty in a report on Thursday, December 4th. Finally, Wells Fargo & Company upped their price target on Kilroy Realty from $40.00 to $41.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 25th.

Hedge Funds Weigh In On Kilroy Realty

A number of hedge funds and other institutional investors have recently made changes to their positions in KRC. Norges Bank bought a new stake in shares of Kilroy Realty in the 2nd quarter valued at $310,746,000. Daiwa Securities Group Inc. grew its stake in Kilroy Realty by 168.6% in the second quarter. Daiwa Securities Group Inc. now owns 3,562,992 shares of the real estate investment trust’s stock valued at $122,246,000 after acquiring an additional 2,236,539 shares during the period. Wellington Management Group LLP bought a new stake in shares of Kilroy Realty in the third quarter worth about $58,948,000. Route One Investment Company L.P. bought a new stake in shares of Kilroy Realty in the second quarter worth about $34,341,000. Finally, Northern Trust Corp raised its position in shares of Kilroy Realty by 39.5% during the first quarter. Northern Trust Corp now owns 2,923,836 shares of the real estate investment trust’s stock worth $95,785,000 after purchasing an additional 827,365 shares during the period. 94.22% of the stock is owned by institutional investors.

Kilroy Realty Stock Performance

Shares of NYSE:KRC opened at $37.53 on Friday. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 0.81. Kilroy Realty has a 1-year low of $27.07 and a 1-year high of $45.03. The stock has a market capitalization of $4.44 billion, a P/E ratio of 13.85 and a beta of 1.07. The business has a 50-day moving average price of $41.13 and a two-hundred day moving average price of $39.66.

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

Kilroy Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 31st will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend is Wednesday, December 31st. Kilroy Realty’s dividend payout ratio is presently 79.70%.

Kilroy Realty Company Profile

Kilroy Realty Corporation (NYSE: KRC) is a publicly traded real estate investment trust focused on the development, acquisition and management of high?quality office and mixed?use properties along the U.S. West Coast. The company’s portfolio encompasses major urban markets including Los Angeles, San Diego, the San Francisco Bay Area and Seattle. Kilroy Realty targets properties in transit?oriented submarkets, blending workplace space with retail, residential and hospitality amenities to create vibrant, walkable neighborhoods.

Founded in the mid?20th century by members of the Kilroy family, the company evolved from a regional landlord into one of the leading West Coast office landlords.