Analysts Set Kilroy Realty Co. (NYSE:KRC) Price Target at $38.40

Kilroy Realty Co. (NYSE:KRC - Get Free Report) has been given an average recommendation of "Hold" by the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $38.40.

A number of equities analysts have recently weighed in on KRC shares. Scotiabank lowered their target price 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. Evercore ISI raised their price target on shares of Kilroy Realty from $38.00 to $40.00 and gave the company an "in-line" rating in a research report on Monday, September 16th. KeyCorp lowered their price objective on Kilroy Realty from $45.00 to $42.00 and set an "overweight" rating for the company in a research note on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Kilroy Realty from $40.00 to $34.00 and set a "hold" rating for the company in a research note on Thursday, May 30th. Finally, Wells Fargo & Company dropped their price target on Kilroy Realty from $39.00 to $38.00 and set an "overweight" rating on the stock in a report on Wednesday, September 11th.

Insider Buying and Selling

In related news, CAO Merryl Elizabeth Werber sold 3,000 shares of the stock in a transaction dated 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 directly owns 26,401 shares in the company, valued at approximately $1,033,335.14. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CAO Merryl Elizabeth Werber sold 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total transaction of $117,420.00. Following the completion of the transaction, the chief accounting officer now owns 26,401 shares of the company's stock, valued at approximately $1,033,335.14. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP John Osmond sold 2,628 shares of the business's stock in a transaction 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 completion of the sale, the executive vice president now directly owns 8,818 shares in the company, valued at $352,720. The disclosure for this sale can be found here. 2.49% of the stock is owned by insiders.

Institutional Trading of Kilroy Realty

A number of institutional investors and hedge funds have recently modified their holdings of the business. Sanctuary Advisors LLC bought a new position in Kilroy Realty during the second quarter valued at approximately $268,000. Quarry LP bought a new position in Kilroy Realty in the second quarter valued at about $55,000. Creative Planning grew its stake in shares of Kilroy Realty by 10.4% during the 2nd quarter. Creative Planning now owns 30,162 shares of the real estate investment trust's stock valued at $940,000 after purchasing an additional 2,850 shares during the period. Waterfall Asset Management LLC purchased a new stake in shares of Kilroy Realty during the 2nd quarter valued at about $1,309,000. Finally, Algert Global LLC grew its position in Kilroy Realty by 13.8% during the second quarter. Algert Global LLC now owns 92,602 shares of the real estate investment trust's stock valued at $2,886,000 after buying an additional 11,222 shares during the period. Institutional investors own 94.22% of the company's stock.

Kilroy Realty Price Performance

KRC stock traded up $0.27 during midday trading on Friday, reaching $39.09. 995,549 shares of the stock were exchanged, compared to its average volume of 1,056,033. The stock has a market capitalization of $4.59 billion, a PE ratio of 22.47 and a beta of 1.04. The company has a fifty day moving average price of $35.71 and a 200 day moving average price of $34.34. 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 has a 52 week low of $26.78 and a 52 week high of $43.37.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.08 by ($0.67). The business had revenue of $280.73 million for the quarter, compared to the consensus estimate of $276.81 million. Kilroy Realty had a return on equity of 3.52% and a net margin of 17.91%. Kilroy Realty's quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.19 earnings per share. As a group, analysts expect that Kilroy Realty will post 4.25 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th will be paid a $0.54 dividend. The ex-dividend date is Monday, September 30th. This represents a $2.16 dividend on an annualized basis and a yield of 5.53%. Kilroy Realty's dividend payout ratio (DPR) is currently 124.14%.

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.