Kilroy Realty Co. (NYSE:KRC) Receives $39.43 Average Price Target from Analysts

Shares of Kilroy Realty Co. (NYSE:KRC - Get Free Report) have been assigned a consensus recommendation of "Hold" from the eight brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $39.43.

Several research analysts recently weighed in on KRC shares. Wells Fargo & Company dropped their target price 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. 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. Barclays raised their price target on Kilroy Realty from $38.00 to $44.00 and gave the company an "equal weight" rating in a research note on Monday, October 28th. Finally, Scotiabank downgraded shares of Kilroy Realty from a "sector perform" rating to a "sector underperform" rating and set a $38.00 price objective for the company. in a research note on Thursday.

Kilroy Realty Price Performance

Shares of NYSE:KRC traded down $0.60 during trading on Friday, reaching $38.80. The company had a trading volume of 1,160,661 shares, compared to its average volume of 1,056,772. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.89. The company has a fifty day moving average of $39.39 and a two-hundred day moving average of $35.69. Kilroy Realty has a 12 month low of $29.72 and a 12 month high of $43.78. The stock has a market capitalization of $4.58 billion, a P/E ratio of 23.23 and a beta of 1.03.

Kilroy Realty (NYSE:KRC - Get Free Report) last released its quarterly earnings data 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). 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 last year, the business posted $1.12 EPS. The company's quarterly revenue was up 2.2% compared to the same quarter last year. Equities research analysts forecast that Kilroy Realty will post 4.41 earnings per share for the current year.

Kilroy Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Monday, September 30th were given a $0.54 dividend. The ex-dividend date was Monday, September 30th. This represents a $2.16 dividend on an annualized basis and a yield of 5.57%. Kilroy Realty's dividend payout ratio is currently 129.34%.

Insider Activity

In other news, EVP John Osmond sold 2,628 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total transaction of $105,120.00. Following the transaction, the executive vice president now owns 8,818 shares in the company, valued at $352,720. This trade represents a 22.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $39.14, for a total transaction of $117,420.00. Following the transaction, the chief accounting officer now directly owns 26,401 shares in the company, valued at approximately $1,033,335.14. The trade was a 10.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.49% of the company's stock.

Hedge Funds Weigh In On Kilroy Realty

A number of hedge funds have recently made changes to their positions in the company. Assetmark Inc. grew its position in shares of Kilroy Realty by 1.0% in the third quarter. Assetmark Inc. now owns 26,792 shares of the real estate investment trust's stock valued at $1,037,000 after purchasing an additional 274 shares in the last quarter. Wiser Advisor Group LLC boosted its holdings in Kilroy Realty by 67.5% in the 1st quarter. Wiser Advisor Group LLC now owns 757 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 305 shares during the last quarter. FMR LLC increased its holdings in shares of 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 buying an additional 329 shares during the last quarter. Commerce Bank raised its position in shares of Kilroy Realty by 3.0% during the 3rd quarter. Commerce Bank now owns 11,574 shares of the real estate investment trust's stock valued at $448,000 after buying an additional 342 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Kilroy Realty by 33.6% in the third quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust's stock valued at $57,000 after acquiring 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.