Kilroy Realty Co. (NYSE:KRC) Receives $38.20 Average Target Price from Analysts

Kilroy Realty Co. (NYSE:KRC) has earned a consensus recommendation of “Hold” from the eleven analysts that are covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $38.20.

Several equities research analysts have commented on the stock. KeyCorp dropped their price target on shares of Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Kilroy Realty from $40.00 to $34.00 and set a “hold” rating for the company in a research note on Thursday, May 30th. Finally, Barclays started coverage on shares of Kilroy Realty in a research note on Wednesday, March 27th. They set an “equal weight” rating and a $38.00 price objective for the company.

Kilroy Realty Price Performance

Shares of Kilroy Realty stock opened at $34.55 on Friday. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.91. The company’s 50-day moving average price is $32.88 and its two-hundred day moving average price is $34.85. Kilroy Realty has a 52 week low of $26.78 and a 52 week high of $43.37. The stock has a market cap of $4.06 billion, a PE ratio of 19.86 and a beta of 1.04.

Kilroy Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Investors of record on Friday, June 28th were issued a $0.54 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $2.16 dividend on an annualized basis and a yield of 6.25%. Kilroy Realty’s dividend payout ratio is currently 124.14%.

Insider Buying and Selling

In other Kilroy Realty news, insider A. Robert Paratte sold 12,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $33.35, for a total transaction of $400,200.00. Following the transaction, the insider now owns 68,139 shares in the company, valued at $2,272,435.65. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 3,329 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $33.66, for a total transaction of $112,054.14. Following the transaction, the chief accounting officer now owns 29,081 shares in the company, valued at $978,866.46. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider A. Robert Paratte sold 12,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $33.35, for a total transaction of $400,200.00. Following the completion of the sale, the insider now owns 68,139 shares in the company, valued at approximately $2,272,435.65. The disclosure for this sale can be found here. 2.49% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kilroy Realty

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Kilroy Realty by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 16,997,240 shares of the real estate investment trust’s stock worth $677,170,000 after acquiring an additional 91,022 shares during the last quarter. Norges Bank bought a new position in Kilroy Realty in the fourth quarter worth $360,831,000. APG Asset Management US Inc. lifted its position in Kilroy Realty by 5.0% in the fourth quarter. APG Asset Management US Inc. now owns 5,380,747 shares of the real estate investment trust’s stock worth $214,369,000 after purchasing an additional 255,835 shares during the period. Senvest Management LLC lifted its position in Kilroy Realty by 21.4% in the fourth quarter. Senvest Management LLC now owns 3,595,212 shares of the real estate investment trust’s stock worth $143,233,000 after purchasing an additional 634,136 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in Kilroy Realty by 18.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,162,748 shares of the real estate investment trust’s stock worth $115,220,000 after purchasing an additional 487,556 shares during the period. Institutional investors and hedge funds 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.