Kilroy Realty (NYSE:KRC) Price Target Raised to $41.00 at Evercore ISI

Kilroy Realty (NYSE:KRC - Free Report) had its price target upped by Evercore ISI from $40.00 to $41.00 in a research note issued to investors on Wednesday, Benzinga reports. Evercore ISI currently has an in-line rating on the real estate investment trust's stock.

A number of other equities research analysts also recently issued reports on the company. Scotiabank reduced their price target on Kilroy Realty from $41.00 to $38.00 and set a "sector perform" rating on the stock in a research report on Wednesday, August 7th. Wells Fargo & Company cut their price objective on shares of Kilroy Realty from $39.00 to $38.00 and set an "overweight" rating for the company in a research report on Wednesday, September 11th. KeyCorp decreased their target price on shares of Kilroy Realty from $45.00 to $42.00 and set an "overweight" rating on the stock in a report on Tuesday, July 2nd. Finally, Barclays lifted 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. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $39.43.

Kilroy Realty Stock Performance

Kilroy Realty stock traded down $0.51 during trading hours on Wednesday, hitting $40.77. The company had a trading volume of 1,441,720 shares, compared to its average volume of 1,058,527. Kilroy Realty has a one year low of $27.39 and a one year high of $43.78. The firm has a market cap of $4.79 billion, a PE ratio of 23.47 and a beta of 1.04. The firm has a 50-day moving average of $38.24 and a 200 day moving average of $35.10. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.61 and a quick ratio of 3.61.

Kilroy Realty (NYSE:KRC - Get Free Report) last released its quarterly 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). The firm had revenue of $289.94 million during the quarter, compared to the consensus estimate of $275.77 million. Kilroy Realty had a net margin of 17.91% and a return on equity of 3.52%. The business's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.12 earnings per share. On average, sell-side analysts expect that Kilroy Realty will post 4.25 earnings per share for the current year.

Kilroy Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th were paid a dividend of $0.54 per share. The ex-dividend date was Monday, September 30th. This represents a $2.16 dividend on an annualized basis and a yield of 5.30%. Kilroy Realty's dividend payout ratio (DPR) is presently 124.14%.

Insiders Place Their Bets

In other news, EVP John Osmond sold 2,628 shares of the firm's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total value 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related 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 completion of the sale, the executive vice president now directly owns 8,818 shares of the company's stock, valued at approximately $352,720. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of the firm's stock in a transaction 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 sale, the chief accounting officer now directly owns 26,401 shares of the company's stock, valued at approximately $1,033,335.14. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.49% of the company's stock.

Institutional Trading of Kilroy Realty

Several hedge funds have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its holdings in Kilroy Realty by 18.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,162,748 shares of the real estate investment trust's stock worth $115,220,000 after acquiring an additional 487,556 shares during the last quarter. PGGM Investments lifted its stake in shares of Kilroy Realty by 85.0% during the 2nd quarter. PGGM Investments now owns 3,015,046 shares of the real estate investment trust's stock valued at $93,979,000 after buying an additional 1,385,692 shares in the last quarter. Centersquare Investment Management LLC boosted its holdings in Kilroy Realty by 1.0% in the 1st quarter. Centersquare Investment Management LLC now owns 2,598,144 shares of the real estate investment trust's stock worth $87,817,000 after buying an additional 24,855 shares during the period. Dimensional Fund Advisors LP grew its stake in 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. Finally, Janus Henderson Group PLC lifted its position in shares of Kilroy Realty by 2,767.7% during the first quarter. Janus Henderson Group PLC now owns 1,648,027 shares of the real estate investment trust's stock worth $59,991,000 after acquiring an additional 1,590,558 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors.

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.