Kilroy Realty Co. (NYSE:KRC) Receives Consensus Rating of “Hold” from Brokerages

Shares of Kilroy Realty Co. (NYSE:KRC) have earned a consensus rating of “Hold” from the eleven brokerages that are presently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $39.00.

Several analysts recently commented on the stock. Royal Bank of Canada downgraded shares of Kilroy Realty from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $44.00 to $39.00 in a report on Friday, March 8th. Barclays began coverage on Kilroy Realty in a research report on Wednesday, March 27th. They set an “equal weight” rating and a $38.00 price objective on the stock. KeyCorp reduced their target price on shares of Kilroy Realty from $47.00 to $45.00 and set an “overweight” rating for the company in a research report on Wednesday, February 28th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Kilroy Realty in a research report on Tuesday, January 30th. They set a “hold” rating and a $40.00 price target on the stock.

Kilroy Realty Price Performance

Shares of KRC opened at $34.40 on Tuesday. The company has a market cap of $4.04 billion, a price-to-earnings ratio of 19.11, a PEG ratio of 2.46 and a beta of 1.02. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 0.87. The company’s fifty day simple moving average is $35.08 and its 200 day simple moving average is $35.15. Kilroy Realty has a 1-year low of $25.99 and a 1-year high of $43.37.

Kilroy Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 29th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.28%. The ex-dividend date of this dividend was Wednesday, March 27th. Kilroy Realty’s dividend payout ratio is 120.00%.

Hedge Funds Weigh In On Kilroy Realty

Institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank acquired a new stake in shares of Kilroy Realty in the 4th quarter valued at about $360,831,000. Rush Island Management LP acquired a new position in Kilroy Realty during the third quarter worth $35,572,000. Senvest Management LLC lifted its stake in shares of Kilroy Realty by 39.5% in the third quarter. Senvest Management LLC now owns 2,961,076 shares of the real estate investment trust’s stock valued at $93,600,000 after buying an additional 837,755 shares in the last quarter. Wellington Management Group LLP acquired a new position in Kilroy Realty during the 3rd quarter valued at about $25,093,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in Kilroy Realty by 25.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,025,569 shares of the real estate investment trust’s stock worth $64,028,000 after purchasing an additional 404,821 shares in 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.