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

Kilroy Realty Co. (NYSE:KRC - Get Free Report) has been given a consensus recommendation of "Hold" by the eight ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $39.43.

Several brokerages have recently issued reports on KRC. Barclays lifted their target price on shares of Kilroy Realty from $38.00 to $44.00 and gave the company an "equal weight" rating in a research report on Monday, October 28th. Scotiabank downgraded shares of 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 note on Thursday, November 14th. Evercore ISI lifted their target price on shares of Kilroy Realty from $40.00 to $41.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company reduced their target price on shares of Kilroy Realty from $39.00 to $38.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 11th.

Insider Activity at Kilroy Realty

In related news, CAO Merryl Elizabeth Werber sold 3,000 shares of Kilroy Realty 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 completion of the transaction, the chief accounting officer now 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Heidi Rena Roth sold 12,000 shares of the business's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total transaction of $507,360.00. Following the transaction, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,628 shares of company stock worth $729,900. Corporate insiders own 2.49% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in Kilroy Realty by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,171,717 shares of the real estate investment trust's stock worth $84,045,000 after acquiring an additional 27,660 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Kilroy Realty by 2.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,720,268 shares of the real estate investment trust's stock valued at $53,622,000 after buying an additional 42,811 shares in the last quarter. Federated Hermes Inc. boosted its holdings in shares of Kilroy Realty by 3.8% in the 2nd quarter. Federated Hermes Inc. now owns 1,374,826 shares of the real estate investment trust's stock valued at $42,853,000 after buying an additional 50,619 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Kilroy Realty by 45.9% in the 2nd quarter. AQR Capital Management LLC now owns 851,398 shares of the real estate investment trust's stock valued at $26,393,000 after buying an additional 267,825 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Kilroy Realty by 428.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 850,975 shares of the real estate investment trust's stock valued at $32,933,000 after buying an additional 689,962 shares in the last quarter. Institutional investors and hedge funds own 94.22% of the company's stock.

Kilroy Realty Stock Performance

KRC stock traded up $0.26 during midday trading on Wednesday, hitting $40.92. 878,129 shares of the stock traded hands, compared to its average volume of 1,052,401. The stock's fifty day simple moving average is $40.29 and its 200-day simple moving average is $36.52. Kilroy Realty has a 1-year low of $30.71 and a 1-year high of $43.78. The firm has a market cap of $4.83 billion, a P/E ratio of 24.37 and a beta of 1.03. 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 announced its earnings results on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.60). Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. The company had revenue of $289.94 million during the quarter, compared to analyst estimates of $275.77 million. During the same quarter last year, the business earned $1.12 EPS. The firm's revenue for the quarter was up 2.2% compared to the same quarter last year. On average, analysts expect that Kilroy Realty will post 4.41 earnings per share for the current year.

Kilroy Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 31st will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date of this dividend is Tuesday, December 31st. Kilroy Realty's dividend payout ratio (DPR) is currently 129.34%.

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.