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

Shares of Kilroy Realty Co. (NYSE:KRC) have received a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $38.40.

KRC has been the subject of a number of research analyst reports. Evercore ISI lifted their price target on Kilroy Realty from $38.00 to $40.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. KeyCorp cut their price target on shares of Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating for the company in a research note on Tuesday, July 2nd. Scotiabank decreased their price target on shares of Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Finally, Wells Fargo & Company dropped their price objective on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, September 11th.

Insider Activity

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

Institutional Trading of Kilroy Realty

A number of institutional investors have recently modified their holdings of the company. Corient Private Wealth LLC raised its position in Kilroy Realty by 28.4% during the 4th quarter. Corient Private Wealth LLC now owns 23,898 shares of the real estate investment trust’s stock valued at $952,000 after purchasing an additional 5,280 shares during the last quarter. Quest Partners LLC bought a new stake in Kilroy Realty in the fourth quarter valued at $87,000. Franklin Resources Inc. boosted its holdings in Kilroy Realty by 232.5% in the fourth quarter. Franklin Resources Inc. now owns 174,271 shares of the real estate investment trust’s stock valued at $6,943,000 after acquiring an additional 121,864 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in Kilroy Realty by 2.5% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 123,062 shares of the real estate investment trust’s stock valued at $4,903,000 after purchasing an additional 2,980 shares during the period. Finally, Hsbc Holdings PLC raised its holdings in Kilroy Realty by 25.1% in the 4th quarter. Hsbc Holdings PLC now owns 74,781 shares of the real estate investment trust’s stock worth $2,983,000 after purchasing an additional 14,993 shares in the last quarter. 94.22% of the stock is currently owned by hedge funds and other institutional investors.

Kilroy Realty Stock Performance

Kilroy Realty stock opened at $37.68 on Friday. The firm’s 50 day simple moving average is $36.04 and its 200 day simple moving average is $34.46. The company has a current ratio of 3.61, a quick ratio of 3.61 and a debt-to-equity ratio of 0.91. Kilroy Realty has a 1-year low of $26.78 and a 1-year high of $43.37. The firm has a market capitalization of $4.42 billion, a PE ratio of 21.66 and a beta of 1.04.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings data 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). Kilroy Realty had a return on equity of 3.52% and a net margin of 17.91%. The business had revenue of $280.73 million during the quarter, compared to analysts’ expectations of $276.81 million. During the same quarter last year, the business posted $1.19 EPS. The company’s quarterly revenue was down 1.2% on a year-over-year basis. As a group, analysts expect that Kilroy Realty will post 4.25 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 5.73%. The ex-dividend date of this dividend is Monday, September 30th. Kilroy Realty’s dividend payout ratio is presently 124.14%.

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.