Barclays Lowers Kilroy Realty (NYSE:KRC) Price Target to $43.00

Kilroy Realty (NYSE:KRC - Free Report) had its target price trimmed by Barclays from $44.00 to $43.00 in a report released on Monday,Benzinga reports. The firm currently has an equal weight rating on the real estate investment trust's stock.

KRC has been the subject of several other research reports. Mizuho reissued a "neutral" rating and issued a $43.00 price objective (down previously from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. JPMorgan Chase & Co. raised shares of Kilroy Realty from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $45.00 to $49.00 in a research report on Friday, December 20th. Evercore ISI lifted their price objective on shares of Kilroy Realty from $40.00 to $41.00 and gave the company an "in-line" rating in a report on Wednesday, October 30th. Jefferies Financial Group lowered shares of 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, Scotiabank lowered shares of Kilroy Realty from a "sector perform" rating to a "sector underperform" rating and set a $38.00 price objective on the stock. in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $40.80.

Kilroy Realty Stock Performance

Shares of NYSE:KRC traded up $0.61 during midday trading on Monday, hitting $36.15. The company had a trading volume of 1,003,179 shares, compared to its average volume of 1,023,440. 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 company has a market cap of $4.27 billion, a price-to-earnings ratio of 21.65 and a beta of 1.02. Kilroy Realty has a 12-month low of $30.71 and a 12-month high of $43.78. The company has a fifty day moving average of $40.30 and a two-hundred day moving average of $37.81.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.04 by ($0.60). Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. The business had revenue of $289.94 million during the quarter, compared to analysts' expectations of $275.77 million. During the same quarter in the previous year, the company posted $1.12 EPS. The company's quarterly revenue was up 2.2% on a year-over-year basis. On average, equities research analysts expect that Kilroy Realty will post 4.41 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 31st were given a $0.54 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.98%. Kilroy Realty's dividend payout ratio (DPR) is currently 129.34%.

Insiders Place Their Bets

In other Kilroy Realty news, insider Heidi Rena Roth sold 12,000 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.28, for a total value of $507,360.00. Following the completion of the sale, the insider now owns 50,211 shares in the company, valued at approximately $2,122,921.08. This represents a 19.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.49% of the company's stock.

Institutional Trading of Kilroy Realty

Hedge funds have recently bought and sold shares of the business. Assetmark Inc. grew its stake in shares of Kilroy Realty by 1.0% in the 3rd quarter. Assetmark Inc. now owns 26,792 shares of the real estate investment trust's stock valued at $1,037,000 after buying an additional 274 shares during the period. FMR LLC raised its stake in Kilroy Realty by 2.2% during the 3rd quarter. FMR LLC now owns 15,201 shares of the real estate investment trust's stock worth $588,000 after acquiring an additional 329 shares in the last quarter. Versant Capital Management Inc raised its stake in Kilroy Realty by 14.8% during the 4th quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust's stock worth $105,000 after acquiring an additional 336 shares in the last quarter. Commerce Bank grew its position in Kilroy Realty by 3.0% during the 3rd quarter. Commerce Bank now owns 11,574 shares of the real estate investment trust's stock worth $448,000 after purchasing an additional 342 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Kilroy Realty by 33.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust's stock worth $57,000 after purchasing an additional 371 shares during the last quarter. Institutional investors and hedge funds own 94.22% of the company's stock.

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.