Kilroy Realty (NYSE:KRC) Given New $35.00 Price Target at Mizuho

Kilroy Realty (NYSE:KRC) had its price target reduced by Mizuho from $43.00 to $35.00 in a report issued on Monday morning,Benzinga reports. Mizuho currently has a neutral rating on the real estate investment trust’s stock.

A number of other equities analysts have also issued reports on KRC. Jefferies Financial Group began coverage on shares of Kilroy Realty in a research report on Monday, March 17th. They set a “hold” rating and a $34.00 target price on the stock. KeyCorp dropped their target price on shares of Kilroy Realty from $45.00 to $41.00 and set an “overweight” rating on the stock in a research report on Monday, March 31st. Wells Fargo & Company dropped their target price on shares of Kilroy Realty from $35.00 to $33.00 and set an “equal weight” rating on the stock in a research report on Monday, May 19th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $36.00 target price (down previously from $42.00) on shares of Kilroy Realty in a research report on Friday, March 28th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Kilroy Realty from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Kilroy Realty currently has a consensus rating of “Hold” and a consensus target price of $38.00.

Kilroy Realty Trading Up 0.0%

NYSE:KRC opened at $37.21 on Monday. Kilroy Realty has a 12 month low of $27.07 and a 12 month high of $43.78. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of 22.15 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 company’s 50 day moving average is $33.72 and its 200-day moving average is $34.42.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.01). Kilroy Realty had a net margin of 17.74% and a return on equity of 3.57%. The firm had revenue of $270.84 million during the quarter, compared to the consensus estimate of $274.90 million. During the same period in the prior year, the business earned $1.11 EPS. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. Equities analysts anticipate that Kilroy Realty will post 4 EPS for the current year.

Kilroy Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Monday, June 30th were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 5.81%. The ex-dividend date of this dividend was Monday, June 30th. Kilroy Realty’s dividend payout ratio (DPR) is presently 128.57%.

Institutional Investors Weigh In On Kilroy Realty

Several institutional investors and hedge funds have recently made changes to their positions in KRC. Proficio Capital Partners LLC acquired a new stake in shares of Kilroy Realty in the 4th quarter valued at $1,404,000. Swiss National Bank boosted its stake in shares of Kilroy Realty by 0.7% in the 4th quarter. Swiss National Bank now owns 219,311 shares of the real estate investment trust’s stock valued at $8,871,000 after purchasing an additional 1,600 shares in the last quarter. Corient Private Wealth LLC lifted its position in Kilroy Realty by 5.8% during the 4th quarter. Corient Private Wealth LLC now owns 22,193 shares of the real estate investment trust’s stock worth $898,000 after buying an additional 1,217 shares in the last quarter. Cibc World Markets Corp lifted its position in Kilroy Realty by 10.4% during the 4th quarter. Cibc World Markets Corp now owns 30,817 shares of the real estate investment trust’s stock worth $1,247,000 after buying an additional 2,897 shares in the last quarter. Finally, Xponance Inc. lifted its position in Kilroy Realty by 5.8% during the 4th quarter. Xponance Inc. now owns 13,478 shares of the real estate investment trust’s stock worth $545,000 after buying an additional 735 shares in the last quarter. Institutional investors and hedge funds own 94.22% of the company’s stock.

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.