Kilroy Realty (NYSE:KRC) Stock Bumped Up to Hold by Wall Street Zen

Wall Street Zen upgraded shares of Kilroy Realty (NYSE:KRC) from a sell rating to a hold rating in a report released on Saturday,Wall Street Zen reports.

Several other analysts have also issued reports on KRC. Evercore set a $44.00 price target on shares of Kilroy Realty in a research report on Monday, September 21st. The Goldman Sachs Group reaffirmed a “sell” rating and set a $32.00 price objective on shares of Kilroy Realty in a research report on Wednesday. Mizuho increased their target price on shares of Kilroy Realty from $29.00 to $34.00 and gave the company an “underperform” rating in a research note on Tuesday, July 21st. Scotiabank reduced their target price on shares of Kilroy Realty from $41.00 to $39.00 and set a “sector perform” rating for the company in a research note on Thursday, September 17th. Finally, Weiss Ratings downgraded Kilroy Realty from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, October 26th. Four equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Kilroy Realty has a consensus rating of “Hold” and a consensus target price of $38.69.

Kilroy Realty Trading Down 1.0%

Shares of KRC stock opened at $36.03 on Friday. Kilroy Realty has a 1 year low of $27.36 and a 1 year high of $43.58. The firm’s fifty day simple moving average is $35.13 and its 200 day simple moving average is $34.55. The firm has a market capitalization of $4.19 billion, a P/E ratio of 150.12 and a beta of 1.16. The company has a current ratio of 1.72, a quick ratio of 2.65 and a debt-to-equity ratio of 0.81.

Kilroy Realty (NYSE:KRC) last released its earnings results on Thursday, October 22nd. The real estate investment trust reported $0.13 EPS for the quarter, meeting the consensus estimate of $0.13. Kilroy Realty had a net margin of 2.63% and a return on equity of 0.52%. The firm had revenue of $271.60 million during the quarter, compared to analysts’ expectations of $268.02 million. During the same period in the prior year, the company earned $1.08 EPS. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. As a group, sell-side analysts predict that Kilroy Realty will post 3.58 EPS for the current year.

Kilroy Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date was Wednesday, September 30th. Kilroy Realty’s dividend payout ratio is presently 900.00%.

Institutional Investors Weigh In On Kilroy Realty

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Kilroy Realty during the second quarter valued at approximately $581,003,000. Route One Investment Company L.P. bought a new stake in shares of Kilroy Realty in the 2nd quarter valued at approximately $159,181,000. Rush Island Management LP grew its stake in shares of Kilroy Realty by 84.5% in the 1st quarter. Rush Island Management LP now owns 4,860,742 shares of the real estate investment trust’s stock valued at $137,122,000 after purchasing an additional 2,226,821 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Kilroy Realty by 3.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,717,068 shares of the real estate investment trust’s stock worth $48,440,000 after buying an additional 56,817 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Kilroy Realty by 118.1% in the 1st quarter. Bank of America Corp DE now owns 1,621,580 shares of the real estate investment trust’s stock worth $45,745,000 after buying an additional 877,907 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) is a real estate investment trust that owns, develops, acquires and manages office, life science and mixed-use properties. Its portfolio is primarily designed for businesses in technology, life science, entertainment, media and other knowledge-based industries.

The company’s properties are concentrated in major innovation and employment centers on the U.S. West Coast, including the San Francisco Bay Area, Los Angeles, San Diego and Seattle. Kilroy has also developed and operated mixed-use projects that combine office space with retail, residential and public amenities.

Founded in 1947, Kilroy Realty has developed into a prominent owner and operator of commercial real estate in coastal U.S.