#4 - Kilroy Realty (NYSE:KRC)
Dividend yield: 3.10%
Market capitalization: $4.64 billion
It wouldn’t be a list of dividend stocks to buy if we didn’t include at least one real estate investment trust (REIT). And for this presentation, we’re including Kilroy Realty (NYSE:KRC). Ultimately your decision to buy KRC stock will depend on what you believe the office of the future will look like.
For its part, in its most recent earnings report, Kilroy Realty pointed to a survey of 185 companies in which only 9% expected to see a decrease in square footage in the next year. The company also points to its stable of clients which has a lease length of nearly 10 years.
Analysts give the stock an 11% upside from its current level. And with most analysts holding the line on the stock, there may be a wait-and-see sentiment. However, the company has increased its dividend for the last six years and has three-year dividend growth of over 19%.
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.
More about Kilroy Realty- Current Price
- $31.81
- Consensus Rating
- Hold
- Ratings Breakdown
- 3 Buy Ratings, 7 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $38.82 (22.0% Upside)
