Zacks Investment Research lowered shares of Kilroy Realty (NYSE:KRC) from a hold rating to a sell rating in a research note released on Thursday morning.
According to Zacks, “Kilroy Realty Corporation, a publicly traded real estate investment trust and member of the S&P Midcap 400 Index, is one of the West Coast’s premier landlords. The Company provides physical work environments that foster creativity and productivity and serves a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies. “
Other equities research analysts have also issued research reports about the stock. BMO Capital Markets reissued a buy rating and issued a $79.00 price target on shares of Kilroy Realty in a report on Tuesday, January 9th. Robert W. Baird set a $75.00 price target on shares of Kilroy Realty and gave the company a hold rating in a report on Monday, February 5th. Finally, JPMorgan Chase & Co. lowered shares of Kilroy Realty from an overweight rating to a neutral rating and set a $79.00 price target on the stock. in a report on Friday, December 15th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. Kilroy Realty presently has an average rating of Hold and a consensus target price of $76.22.
Shares of Kilroy Realty (KRC) traded up $0.57 during trading on Thursday, reaching $68.27. 161,892 shares of the company’s stock traded hands, compared to its average volume of 587,802. The company has a market cap of $6,561.01, a price-to-earnings ratio of 44.83, a PEG ratio of 2.62 and a beta of 0.69. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.32 and a quick ratio of 1.85. Kilroy Realty has a 12-month low of $62.91 and a 12-month high of $78.33.
Kilroy Realty (NYSE:KRC) last announced its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.85. The firm had revenue of $177.56 million for the quarter, compared to analyst estimates of $176.64 million. Kilroy Realty had a net margin of 22.90% and a return on equity of 4.22%. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.87 EPS. sell-side analysts forecast that Kilroy Realty will post 3.57 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Thursday, March 29th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Wednesday, March 28th. Kilroy Realty’s payout ratio is 112.58%.
Several institutional investors and hedge funds have recently bought and sold shares of KRC. Advisor Group Inc. grew its holdings in Kilroy Realty by 27.8% during the 2nd quarter. Advisor Group Inc. now owns 1,961 shares of the real estate investment trust’s stock worth $147,000 after acquiring an additional 426 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Kilroy Realty by 2,186.6% in the second quarter. Janus Henderson Group PLC now owns 57,210 shares of the real estate investment trust’s stock valued at $4,299,000 after buying an additional 54,708 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Kilroy Realty by 2.2% in the second quarter. The Manufacturers Life Insurance Company now owns 146,734 shares of the real estate investment trust’s stock valued at $11,028,000 after buying an additional 3,180 shares in the last quarter. Brookfield Asset Management Inc. grew its stake in shares of Kilroy Realty by 9.7% in the second quarter. Brookfield Asset Management Inc. now owns 2,643,912 shares of the real estate investment trust’s stock valued at $198,690,000 after buying an additional 233,438 shares in the last quarter. Finally, Perigon Wealth Management LLC grew its stake in shares of Kilroy Realty by 54.5% in the second quarter. Perigon Wealth Management LLC now owns 2,125 shares of the real estate investment trust’s stock valued at $161,000 after buying an additional 750 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.
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Kilroy Realty Company Profile
Kilroy Realty Corporation is a real estate investment trust (REIT). The Company operates through the office properties segment. It operates in office and mixed-use submarkets along the West Coast. It owns, develops, acquires and manages real estate assets, consisting primarily of Class A properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and Greater Seattle.
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