Kilroy Realty (NYSE:KRC) Lowered to “Equal Weight” Rating by Wells Fargo & Company

Wells Fargo & Company cut shares of Kilroy Realty (NYSE:KRC) from an overweight rating to an equal weight rating in a research report released on Monday morning, Marketbeat Ratings reports. They currently have $35.00 price target on the real estate investment trust’s stock, down from their prior price target of $43.00.

A number of other analysts have also recently weighed in on KRC. Scotiabank cut shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price target for the company. in a research report on Thursday, November 14th. Evercore ISI decreased their price target on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a research report on Wednesday, February 12th. Jefferies Financial Group lowered shares of Kilroy Realty from a “buy” rating to a “hold” rating and cut their price objective for the stock from $45.00 to $41.00 in a report on Thursday, January 2nd. Mizuho reiterated a “neutral” rating and issued a $43.00 price objective (down previously from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. Finally, Barclays upgraded 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 report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $40.73.

Kilroy Realty Stock Up 1.4 %

Shares of NYSE KRC opened at $32.92 on Monday. The firm has a fifty day moving average of $36.37 and a 200-day moving average of $38.41. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.82. Kilroy Realty has a 52-week low of $30.71 and a 52-week high of $43.78. The stock has a market capitalization of $3.89 billion, a PE ratio of 18.60 and a beta of 1.02.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share 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%. On average, analysts anticipate that Kilroy Realty will post 4 EPS for the current year.

Kilroy Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.56%. Kilroy Realty’s dividend payout ratio is presently 122.03%.

Insider Activity at Kilroy Realty

In other Kilroy Realty news, CEO Angela M. Aman purchased 2,797 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were purchased 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 owns 2,797 shares in the company, valued at $99,153.65. This represents a ? increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.49% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB acquired a new position in Kilroy Realty in the third quarter worth approximately $34,000. Summit Securities Group LLC acquired a new position in Kilroy Realty in the fourth quarter worth approximately $49,000. GAMMA Investing LLC grew its position in Kilroy Realty by 25.4% in the fourth quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust’s stock worth $75,000 after buying an additional 374 shares during the last quarter. GF Fund Management CO. LTD. acquired a new position in Kilroy Realty in the fourth quarter worth approximately $82,000. Finally, Fifth Third Bancorp grew its position in Kilroy Realty by 31.7% in the fourth quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 607 shares during 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.