Kilroy Realty (NYSE:KRC) Upgraded at Barclays

Barclays upgraded shares of Kilroy Realty (NYSE:KRC) from an equal weight rating to an overweight rating in a research note published on Thursday, Marketbeat Ratings reports. The firm currently has $44.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $42.00.

Several other equities analysts also recently issued reports on KRC. Mizuho reaffirmed a “neutral” rating and set a $43.00 price target (down previously from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. Jefferies Financial Group lowered Kilroy Realty from a “buy” rating to a “hold” rating and lowered their target price for the stock from $45.00 to $41.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. raised Kilroy Realty from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $45.00 to $49.00 in a report on Friday, December 20th. Royal Bank of Canada reissued a “sector perform” rating and issued a $44.00 price target on shares of Kilroy Realty in a research note on Monday, February 10th. Finally, Scotiabank lowered Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price objective on the stock. in a research note on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Kilroy Realty currently has a consensus rating of “Hold” and an average price target of $41.45.

Kilroy Realty Stock Up 0.5 %

Shares of NYSE:KRC opened at $35.72 on Thursday. Kilroy Realty has a 52-week low of $30.71 and a 52-week high of $43.78. The company has a market capitalization of $4.22 billion, a PE ratio of 20.18 and a beta of 1.02. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21. The company has a fifty day moving average of $37.59 and a 200-day moving average of $38.45.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. On average, equities analysts predict that Kilroy Realty will post 4 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 6.05%. The ex-dividend date is Monday, March 31st. Kilroy Realty’s dividend payout ratio (DPR) is presently 122.03%.

Insiders Place Their Bets

In related news, CEO Angela M. Aman bought 2,797 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average price of $35.45 per share, for a total transaction of $99,153.65. Following the transaction, the chief executive officer now directly owns 2,797 shares of the company’s stock, valued at approximately $99,153.65. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.49% of the company’s stock.

Institutional Investors Weigh In On Kilroy Realty

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of Kilroy Realty in the 3rd quarter valued at about $34,000. Summit Securities Group LLC bought a new position in Kilroy Realty in the fourth quarter worth approximately $49,000. GAMMA Investing LLC grew its stake in Kilroy Realty by 25.4% in the fourth quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust’s stock valued at $75,000 after acquiring an additional 374 shares during the period. GF Fund Management CO. LTD. bought a new stake in shares of Kilroy Realty during the fourth quarter valued at approximately $82,000. Finally, Fifth Third Bancorp raised its position in shares of Kilroy Realty by 31.7% during the fourth quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust’s stock worth $102,000 after purchasing an additional 607 shares during the period. 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.