Kilroy Realty (NYSE:KRC) Now Covered by Analysts at Barclays

Barclays initiated coverage on shares of Kilroy Realty (NYSE:KRC) in a research report sent to investors on Wednesday morning, Marketbeat.com reports. The brokerage issued an equal weight rating and a $38.00 price objective on the real estate investment trust’s stock.

KRC has been the topic of several other reports. KeyCorp cut their price objective on shares of Kilroy Realty from $47.00 to $45.00 and set an overweight rating on the stock in a report on Wednesday, February 28th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Kilroy Realty in a research note on Tuesday, January 30th. They issued a hold rating and a $40.00 target price for the company. Wolfe Research downgraded shares of Kilroy Realty from an outperform rating to a peer perform rating in a research note on Friday, December 15th. Finally, Royal Bank of Canada downgraded shares of Kilroy Realty from an outperform rating to a sector perform rating and lowered their target price for the company from $44.00 to $39.00 in a research note on Friday, March 8th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $39.00.

Kilroy Realty Stock Performance

Shares of KRC stock opened at $36.13 on Wednesday. The firm has a market cap of $4.24 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 2.69 and a beta of 1.02. The company’s 50 day moving average is $36.20 and its 200 day moving average is $34.88. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 0.87. Kilroy Realty has a 52-week low of $25.99 and a 52-week high of $43.37.

Kilroy Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 10th. Investors of record on Friday, March 29th will be given a dividend of $0.54 per share. The ex-dividend date is Wednesday, March 27th. This represents a $2.16 dividend on an annualized basis and a yield of 5.98%. Kilroy Realty’s dividend payout ratio is presently 120.00%.

Institutional Investors Weigh In On Kilroy Realty

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Kilroy Realty by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 16,997,240 shares of the real estate investment trust’s stock valued at $677,170,000 after purchasing an additional 91,022 shares during the last quarter. BlackRock Inc. boosted its holdings in Kilroy Realty by 4.3% in the first quarter. BlackRock Inc. now owns 14,219,574 shares of the real estate investment trust’s stock valued at $460,714,000 after purchasing an additional 583,920 shares during the last quarter. Norges Bank acquired a new position in shares of Kilroy Realty in the fourth quarter worth about $360,831,000. State Street Corp raised its position in shares of Kilroy Realty by 0.5% in the first quarter. State Street Corp now owns 6,265,901 shares of the real estate investment trust’s stock worth $206,333,000 after acquiring an additional 32,293 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Kilroy Realty by 0.4% in the third quarter. Principal Financial Group Inc. now owns 5,501,383 shares of the real estate investment trust’s stock worth $173,898,000 after acquiring an additional 23,585 shares during the period. 94.22% of the stock is owned by hedge funds and other 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.