Kilroy Realty Corporation (NYSE:KRC) has earned a consensus recommendation of “Hold” from the thirteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $78.82.
Several equities research analysts recently weighed in on KRC shares. BMO Capital Markets restated a “buy” rating and issued a $82.00 price target on shares of Kilroy Realty Corporation in a research report on Wednesday, April 5th. Deutsche Bank AG boosted their price target on shares of Kilroy Realty Corporation from $75.00 to $78.00 and gave the stock a “hold” rating in a research report on Thursday, May 25th. BidaskClub upgraded shares of Kilroy Realty Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Zacks Investment Research cut shares of Kilroy Realty Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, April 12th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $80.00 price objective on shares of Kilroy Realty Corporation in a research report on Thursday, July 6th.
Kilroy Realty Corporation (KRC) opened at 72.35 on Monday. Kilroy Realty Corporation has a one year low of $65.77 and a one year high of $78.33. The stock’s 50 day moving average is $74.42 and its 200-day moving average is $73.83. The firm has a market cap of $7.05 billion, a price-to-earnings ratio of 52.05 and a beta of 0.76.
Kilroy Realty Corporation (NYSE:KRC) last announced its quarterly earnings results on Wednesday, April 26th. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.85 by $0.59. Kilroy Realty Corporation had a return on equity of 4.33% and a net margin of 22.62%. The business had revenue of $179.30 million during the quarter, compared to the consensus estimate of $172.26 million. During the same quarter in the prior year, the firm posted $0.82 EPS. The company’s revenue for the quarter was up 23.3% on a year-over-year basis. On average, equities research analysts expect that Kilroy Realty Corporation will post $1.32 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 12th. Stockholders of record on Friday, June 30th were issued a $0.425 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This is a boost from Kilroy Realty Corporation’s previous quarterly dividend of $0.38. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.35%. Kilroy Realty Corporation’s dividend payout ratio is presently 121.43%.
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In other news, insider Justin William Smart sold 10,000 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $76.86, for a total value of $768,600.00. Following the transaction, the insider now directly owns 93,017 shares in the company, valued at $7,149,286.62. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.28% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado raised its stake in Kilroy Realty Corporation by 0.6% in the first quarter. Public Employees Retirement Association of Colorado now owns 23,489 shares of the real estate investment trust’s stock worth $1,693,000 after buying an additional 132 shares during the period. 1st Global Advisors Inc. raised its stake in Kilroy Realty Corporation by 2.5% in the first quarter. 1st Global Advisors Inc. now owns 7,117 shares of the real estate investment trust’s stock worth $513,000 after buying an additional 172 shares during the period. US Bancorp DE raised its stake in Kilroy Realty Corporation by 2.4% in the first quarter. US Bancorp DE now owns 10,482 shares of the real estate investment trust’s stock worth $756,000 after buying an additional 248 shares during the period. Kissinger Financial Services LLC raised its stake in Kilroy Realty Corporation by 1.8% in the second quarter. Kissinger Financial Services LLC now owns 16,760 shares of the real estate investment trust’s stock worth $1,259,000 after buying an additional 295 shares during the period. Finally, United Capital Financial Advisers LLC raised its stake in Kilroy Realty Corporation by 3.5% in the first quarter. United Capital Financial Advisers LLC now owns 14,352 shares of the real estate investment trust’s stock worth $1,034,000 after buying an additional 488 shares during the period. 99.49% of the stock is owned by institutional investors.
Kilroy Realty Corporation Company Profile
Kilroy Realty Corporation is a real estate investment trust (REIT). The Company operates through the office properties segment. It operates in office and mixed-use submarkets along the West Coast. It owns, develops, acquires and manages real estate assets, consisting primarily of Class A properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and Greater Seattle.
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