Kilroy Realty (NYSE:KRC) PT Raised to $40.00 at Evercore ISI

Kilroy Realty (NYSE:KRC) had its price objective raised by Evercore ISI from $38.00 to $40.00 in a report issued on Monday morning, Benzinga reports. They currently have an in-line rating on the real estate investment trust’s stock.

Several other research firms have also recently issued reports on KRC. Deutsche Bank Aktiengesellschaft dropped their price target on Kilroy Realty from $40.00 to $34.00 and set a hold rating on the stock in a report on Thursday, May 30th. KeyCorp decreased their target price on shares of Kilroy Realty from $45.00 to $42.00 and set an overweight rating for the company in a research report on Tuesday, July 2nd. Wells Fargo & Company cut their price objective on Kilroy Realty from $39.00 to $38.00 and set an overweight rating on the stock in a research note on Wednesday, September 11th. Finally, Scotiabank cut their target price on shares of Kilroy Realty from $41.00 to $38.00 and set a sector perform rating for the company in a research report on Wednesday, August 7th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $38.40.

Kilroy Realty Stock Up 2.0 %

NYSE:KRC opened at $40.80 on Monday. Kilroy Realty has a 52 week low of $26.78 and a 52 week high of $43.37. The company has a current ratio of 3.61, a quick ratio of 3.61 and a debt-to-equity ratio of 0.91. The stock has a 50 day moving average of $35.33 and a 200-day moving average of $34.24. The firm has a market capitalization of $4.79 billion, a PE ratio of 23.45 and a beta of 1.04.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.67). The business had revenue of $280.73 million for the quarter, compared to analyst estimates of $276.81 million. Kilroy Realty had a return on equity of 3.52% and a net margin of 17.91%. The company’s revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.19 EPS. Analysts predict that Kilroy Realty will post 4.25 EPS for the current year.

Kilroy Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 5.29%. The ex-dividend date is Monday, September 30th. Kilroy Realty’s payout ratio is 124.14%.

Insider Buying and Selling at Kilroy Realty

In other news, CAO Merryl Elizabeth Werber sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $39.14, for a total transaction of $117,420.00. Following the transaction, the chief accounting officer now directly owns 26,401 shares in the company, valued at $1,033,335.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP John Osmond sold 2,628 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total value of $105,120.00. Following the completion of the sale, the executive vice president now owns 8,818 shares in the company, valued at $352,720. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of Kilroy Realty stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total transaction of $117,420.00. Following the transaction, the chief accounting officer now directly owns 26,401 shares in the company, valued at approximately $1,033,335.14. The disclosure for this sale can be found here. Corporate insiders own 2.49% of the company’s stock.

Institutional Trading of Kilroy Realty

A number of large investors have recently made changes to their positions in the company. Parallel Advisors LLC raised its stake in shares of Kilroy Realty by 6.4% in the 4th quarter. Parallel Advisors LLC now owns 4,932 shares of the real estate investment trust’s stock valued at $196,000 after purchasing an additional 295 shares during the period. Wiser Advisor Group LLC boosted its stake in shares of Kilroy Realty by 67.5% during the 1st quarter. Wiser Advisor Group LLC now owns 757 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 305 shares during the period. State of Alaska Department of Revenue boosted its position in Kilroy Realty by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 67,153 shares of the real estate investment trust’s stock worth $2,444,000 after purchasing an additional 349 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in Kilroy Realty by 6.0% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,765 shares of the real estate investment trust’s stock valued at $210,000 after buying an additional 383 shares during the last quarter. Finally, Ballentine Partners LLC increased its stake in shares of Kilroy Realty by 2.7% during the first quarter. Ballentine Partners LLC now owns 16,809 shares of the real estate investment trust’s stock worth $612,000 after purchasing an additional 438 shares during the period. Institutional investors 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.