Kilroy Realty Corporation (NYSE:KRC) Receives $37.73 Average Target Price from Brokerages

Shares of Kilroy Realty Corporation (NYSE:KRC) have been given an average recommendation of “Hold” by the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $37.73.

A number of equities analysts recently weighed in on the stock. KeyCorp dropped their target price on shares of Kilroy Realty from $45.00 to $41.00 and set an “overweight” rating for the company in a research report on Monday, March 31st. Wells Fargo & Company decreased their price target on shares of Kilroy Realty from $35.00 to $33.00 and set an “equal weight” rating on the stock in a research note on Monday, May 19th. Mizuho cut their price objective on Kilroy Realty from $43.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, July 14th. JPMorgan Chase & Co. reduced their target price on Kilroy Realty from $42.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, July 2nd. Finally, Scotiabank cut their price target on Kilroy Realty from $38.00 to $37.00 and set a “sector underperform” rating for the company in a report on Monday, July 14th.

Kilroy Realty Price Performance

Shares of Kilroy Realty stock opened at $36.55 on Thursday. The company has a market capitalization of $4.32 billion, a price-to-earnings ratio of 21.76 and a beta of 1.19. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.82. The stock’s 50-day simple moving average is $34.89 and its 200-day simple moving average is $34.26. Kilroy Realty has a 52 week low of $27.07 and a 52 week high of $43.78.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.12. Kilroy Realty had a return on equity of 3.57% and a net margin of 17.74%. The company had revenue of $289.89 million for the quarter, compared to analysts’ expectations of $268.84 million. During the same period in the previous year, the firm earned $1.10 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. As a group, analysts expect that Kilroy Realty will post 4 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Monday, June 30th were given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 5.91%. The ex-dividend date of this dividend was Monday, June 30th. Kilroy Realty’s dividend payout ratio is currently 128.57%.

Institutional Trading of Kilroy Realty

Institutional investors have recently bought and sold shares of the stock. American National Bank & Trust purchased a new stake in Kilroy Realty in the second quarter worth $25,000. Allworth Financial LP grew its holdings in shares of Kilroy Realty by 192.1% in 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. Summit Securities Group LLC purchased a new position in Kilroy Realty in the 4th quarter worth about $49,000. UMB Bank n.a. lifted its holdings in Kilroy Realty by 46.0% during the 2nd quarter. UMB Bank n.a. now owns 1,694 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 534 shares in the last quarter. Finally, GF Fund Management CO. LTD. bought a new stake in Kilroy Realty during the 4th quarter valued at about $82,000. 94.22% of the stock is currently owned by 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.