Kilroy Realty Co. (NYSE:KRC) Given Consensus Recommendation of "Hold" by Brokerages

Shares of Kilroy Realty Co. (NYSE:KRC - Get Free Report) have been given an average recommendation of "Hold" by the nine brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $40.67.

A number of equities research analysts have commented on the company. Scotiabank downgraded Kilroy Realty from a "sector perform" rating to a "sector underperform" rating and set a $38.00 target price on the stock. in a research report on Thursday, November 14th. Jefferies Financial Group cut shares of Kilroy Realty from a "buy" rating to a "hold" rating and dropped their price target for the company from $45.00 to $41.00 in a research report on Thursday. Wells Fargo & Company decreased their price objective on shares of Kilroy Realty from $39.00 to $38.00 and set an "overweight" rating on the stock in a report on Wednesday, September 11th. JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $45.00 to $49.00 in a report on Friday, December 20th. Finally, Evercore ISI upped their price target on Kilroy Realty from $40.00 to $41.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 30th.

Insider Activity at Kilroy Realty

In related news, insider Heidi Rena Roth sold 12,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.28, for a total value of $507,360.00. Following the sale, the insider now owns 50,211 shares of the company's stock, valued at $2,122,921.08. This trade represents a 19.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.49% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kilroy Realty

Large investors have recently modified their holdings of the company. GAMMA Investing LLC grew its stake in shares of Kilroy Realty by 25.4% during the fourth quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust's stock worth $75,000 after purchasing an additional 374 shares in the last quarter. Versant Capital Management Inc lifted its holdings 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 buying an additional 336 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Kilroy Realty during the 3rd quarter worth about $34,000. Coldstream Capital Management Inc. acquired a new position in shares of Kilroy Realty during the 3rd quarter worth about $203,000. Finally, Vestcor Inc increased its holdings in shares of Kilroy Realty by 289.0% in the 3rd quarter. Vestcor Inc now owns 34,313 shares of the real estate investment trust's stock valued at $1,328,000 after acquiring an additional 25,492 shares during the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.

Kilroy Realty Trading Up 2.0 %

Shares of KRC traded up $0.78 during mid-day trading on Friday, reaching $40.63. The stock had a trading volume of 692,749 shares, compared to its average volume of 851,974. Kilroy Realty has a 52-week low of $30.71 and a 52-week high of $43.78. The firm has a market cap of $4.80 billion, a price-to-earnings ratio of 24.33 and a beta of 1.02. The business's fifty day moving average is $40.61 and its 200 day moving average is $37.57. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 3.08.

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

Kilroy Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 31st will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 5.32%. The ex-dividend date is Tuesday, December 31st. Kilroy Realty's payout ratio is currently 129.34%.

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.