Kilroy Realty Co. (NYSE:KRC) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Kilroy Realty Co. (NYSE:KRC) have been given a consensus recommendation of “Hold” by the ten research firms that are currently covering the firm, Marketbeat Ratings reports. 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. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $40.80.

A number of research analysts recently weighed in on KRC shares. Jefferies Financial Group cut shares of Kilroy Realty from a “buy” rating to a “hold” rating and lowered their target price for the company from $45.00 to $41.00 in a research note on Thursday, January 2nd. Evercore ISI upped their price objective on Kilroy Realty from $40.00 to $41.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Scotiabank downgraded Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 target price on the stock. in a research note on Thursday, November 14th. Mizuho restated a “neutral” rating and issued a $43.00 price target (down from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. Finally, Barclays lowered their target price on shares of Kilroy Realty from $44.00 to $43.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th.

Insider Transactions at Kilroy Realty

In other Kilroy Realty news, insider Heidi Rena Roth sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total value of $507,360.00. Following the completion of the sale, the insider now owns 50,211 shares in the company, valued at approximately $2,122,921.08. The trade was a 19.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.49% of the company’s stock.

Institutional Trading of Kilroy Realty

Several institutional investors and hedge funds have recently added to or reduced their stakes in KRC. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Kilroy Realty by 6.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 6,765 shares of the real estate investment trust’s stock worth $210,000 after purchasing an additional 383 shares during the period. Bank of Montreal Can raised its stake in shares of Kilroy Realty by 17.2% during the 2nd quarter. Bank of Montreal Can now owns 18,141 shares of the real estate investment trust’s stock worth $573,000 after buying an additional 2,662 shares in the last quarter. Millennium Management LLC raised its stake in shares of Kilroy Realty by 20.5% during the 2nd quarter. Millennium Management LLC now owns 477,607 shares of the real estate investment trust’s stock worth $14,887,000 after buying an additional 81,127 shares in the last quarter. Algert Global LLC lifted its holdings in shares of Kilroy Realty by 13.8% in the 2nd quarter. Algert Global LLC now owns 92,602 shares of the real estate investment trust’s stock valued at $2,886,000 after buying an additional 11,222 shares during the period. Finally, Creative Planning boosted its stake in shares of Kilroy Realty by 10.4% in the second quarter. Creative Planning now owns 30,162 shares of the real estate investment trust’s stock valued at $940,000 after buying an additional 2,850 shares in the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.

Kilroy Realty Stock Down 5.0 %

Shares of Kilroy Realty stock opened at $37.33 on Thursday. The company’s 50 day moving average price is $39.95 and its 200-day moving average price is $38.33. Kilroy Realty has a 52-week low of $30.71 and a 52-week high of $43.78. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.08 and a current ratio of 3.08. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of 22.36 and a beta of 1.02.

Kilroy Realty (NYSE:KRC) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.60). Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. The firm had revenue of $289.94 million during the quarter, compared to analysts’ expectations of $275.77 million. During the same quarter in the previous year, the business earned $1.12 EPS. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. Equities research analysts forecast that Kilroy Realty will post 4.41 EPS for the current year.

Kilroy Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 31st were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 5.79%. The ex-dividend date of this dividend was Tuesday, December 31st. Kilroy Realty’s dividend payout ratio (DPR) is 129.34%.

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.