Kilroy Realty (NYSE:KRC) Price Target Cut to $41.00 by Analysts at Evercore ISI

Kilroy Realty (NYSE:KRC) had its target price decreased by Evercore ISI from $43.00 to $41.00 in a research report released on Wednesday morning,Benzinga reports. Evercore ISI currently has an in-line rating on the real estate investment trust’s stock.

Other equities research analysts also recently issued research reports about the company. Barclays reduced their target price on Kilroy Realty from $43.00 to $42.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. 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 report on Thursday, November 14th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $44.00 target price on shares of Kilroy Realty in a report on Monday. Jefferies Financial Group downgraded Kilroy Realty from a “buy” rating to a “hold” rating and cut their price objective for the company from $45.00 to $41.00 in a report on Thursday, January 2nd. Finally, Mizuho reissued a “neutral” rating and set a $43.00 price objective (down previously from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $41.20.

Kilroy Realty Price Performance

Kilroy Realty stock opened at $35.03 on Wednesday. The stock’s fifty day moving average price is $39.21 and its two-hundred day moving average price is $38.46. Kilroy Realty has a one year low of $30.71 and a one year high of $43.78. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 3.08. The firm has a market cap of $4.14 billion, a PE ratio of 20.98 and a beta of 1.02.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. As a group, research analysts expect that Kilroy Realty will post 4.41 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 6.17%. The ex-dividend date of this dividend was Tuesday, December 31st. Kilroy Realty’s payout ratio is presently 129.34%.

Insiders Place Their Bets

In other news, insider Heidi Rena Roth sold 12,000 shares of Kilroy Realty stock in a transaction dated 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 transaction, the insider now directly owns 50,211 shares of the company’s stock, valued at approximately $2,122,921.08. This trade represents a 19.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.49% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB bought a new position in shares of Kilroy Realty in the 3rd quarter worth about $34,000. Summit Securities Group LLC bought a new position in shares of Kilroy Realty in the 4th quarter worth about $49,000. GAMMA Investing LLC raised its position in shares of Kilroy Realty by 33.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 371 shares in the last quarter. Fifth Third Bancorp increased its position in Kilroy Realty by 31.7% in the 4th quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 607 shares in the last quarter. Finally, Versant Capital Management Inc increased its position in Kilroy Realty by 14.8% in the 4th quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 336 shares in the last quarter. 94.22% of the stock is owned by institutional investors.

Kilroy Realty Company Profile

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.