JPMorgan Chase & Co. Has Lowered Expectations for Kilroy Realty (NYSE:KRC) Stock Price

Kilroy Realty (NYSE:KRC) had its price target trimmed by JPMorgan Chase & Co. from $49.00 to $42.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an overweight rating on the real estate investment trust’s stock.

Several other brokerages have also recently weighed in on KRC. KeyCorp reduced their price target on Kilroy Realty from $45.00 to $41.00 and set an “overweight” rating on the stock in a research note on Monday. Jefferies Financial Group initiated coverage on shares of Kilroy Realty in a research note on Monday, March 17th. They issued a “hold” rating and a $34.00 price target for the company. Barclays raised shares of Kilroy Realty from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $42.00 to $44.00 in a research note on Thursday, February 27th. Evercore ISI decreased their target price on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a research note on Wednesday, February 12th. Finally, Mizuho reissued a “neutral” rating and issued a $43.00 price target (down from $45.00) on shares of Kilroy Realty in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $38.82.

Kilroy Realty Stock Up 1.3 %

Shares of Kilroy Realty stock opened at $33.30 on Wednesday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82. Kilroy Realty has a 12-month low of $30.71 and a 12-month high of $43.78. The company has a market cap of $3.93 billion, a P/E ratio of 18.81 and a beta of 1.02. The company’s fifty day simple moving average is $35.08 and its two-hundred day simple moving average is $38.23.

Kilroy Realty (NYSE:KRC) last released its quarterly 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 net margin of 18.58% and a return on equity of 3.75%. Research analysts anticipate that Kilroy Realty will post 4 EPS for the current year.

Kilroy Realty Announces Dividend

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

Insider Activity at Kilroy Realty

In related news, CEO Angela M. Aman acquired 2,797 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average price of $35.45 per share, for a total transaction of $99,153.65. Following the completion of the transaction, the chief executive officer now directly 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider A. Robert Paratte sold 6,000 shares of Kilroy Realty stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $34.74, for a total transaction of $208,440.00. Following the completion of the sale, the insider now directly owns 86,744 shares of the company’s stock, valued at approximately $3,013,486.56. This trade represents a 6.47 % decrease in their position. The disclosure for this sale can be found here. 2.49% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kilroy Realty

Institutional investors and hedge funds have recently modified their holdings of the company. Fairtree Asset Management Pty Ltd bought a new position in Kilroy Realty in the fourth quarter valued at about $519,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Kilroy Realty during the 4th quarter valued at about $11,892,000. GF Fund Management CO. LTD. purchased a new stake in shares of Kilroy Realty during the 4th quarter valued at about $82,000. Tidal Investments LLC lifted its stake in shares of Kilroy Realty by 51.1% in the 4th quarter. Tidal Investments LLC now owns 11,295 shares of the real estate investment trust’s stock worth $457,000 after purchasing an additional 3,820 shares during the period. Finally, Sapience Investments LLC boosted its holdings in shares of Kilroy Realty by 20.0% in the fourth quarter. Sapience Investments LLC now owns 69,865 shares of the real estate investment trust’s stock worth $2,826,000 after buying an additional 11,646 shares during the last quarter. 94.22% of the stock is currently owned by hedge funds and other institutional investors.

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.