Kilroy Realty (NYSE:KRC) Earns Hold Rating from Analysts at Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of Kilroy Realty (NYSE:KRC - Free Report) in a report issued on Monday, MarketBeat reports. The firm issued a hold rating and a $34.00 price target on the real estate investment trust's stock.

Several other research firms have also recently issued reports on KRC. Wells Fargo & Company cut shares of Kilroy Realty from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $43.00 to $35.00 in a research report on Monday, March 10th. JPMorgan Chase & Co. raised Kilroy Realty from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $45.00 to $49.00 in a research note on Friday, December 20th. Mizuho reiterated a "neutral" rating and issued a $43.00 target price (down from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. Evercore ISI cut their price target on Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating on the stock in a research note on Wednesday, February 12th. Finally, The Goldman Sachs Group lowered their price objective on shares of Kilroy Realty from $48.00 to $42.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $40.09.

Remove Ads

Kilroy Realty Trading Down 0.3 %

NYSE KRC traded down $0.12 during trading on Monday, hitting $34.45. The stock had a trading volume of 2,255,615 shares, compared to its average volume of 1,096,883. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of 19.46 and a beta of 1.02. The stock has a 50 day simple moving average of $35.78 and a 200 day simple moving average of $38.29. Kilroy Realty has a one year low of $30.71 and a one year high of $43.78. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. Sell-side analysts predict that Kilroy Realty will post 4 earnings per share for the current year.

Kilroy Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 6.27%. The ex-dividend date of this dividend is Monday, March 31st. Kilroy Realty's payout ratio is 122.03%.

Insider Transactions at Kilroy Realty

In other news, CEO Angela M. Aman bought 2,797 shares of the stock in a transaction on Friday, February 28th. The stock was bought at an average cost of $35.45 per share, for a total transaction of $99,153.65. Following the completion of the purchase, the chief executive officer now directly owns 2,797 shares in the company, valued at approximately $99,153.65. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.49% of the company's stock.

Hedge Funds Weigh In On Kilroy Realty

A number of large investors have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB purchased a new position in Kilroy Realty during the 3rd quarter worth $34,000. Summit Securities Group LLC purchased a new stake in shares of Kilroy Realty during the fourth quarter worth about $49,000. GAMMA Investing LLC increased its holdings 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 valued at $75,000 after acquiring an additional 374 shares in the last quarter. GF Fund Management CO. LTD. purchased a new position in shares of Kilroy Realty in the 4th quarter valued at approximately $82,000. Finally, Fifth Third Bancorp boosted its stake in Kilroy Realty by 31.7% in the 4th quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust's stock worth $102,000 after purchasing an additional 607 shares in the last quarter. 94.22% of the stock is owned by institutional investors and hedge funds.

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.