Kilroy Realty (NYSE:KRC) had its target price lifted by Deutsche Bank from $75.00 to $81.00 in a report issued on Tuesday morning. They currently have a hold rating on the real estate investment trust’s stock.
A number of other equities research analysts have also recently issued reports on the stock. Citigroup raised shares of Kilroy Realty from a neutral rating to a buy rating and set a $77.00 target price on the stock in a report on Tuesday, February 27th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Kilroy Realty from a sell rating to a hold rating in a report on Wednesday, March 21st. BMO Capital Markets reaffirmed a buy rating and issued a $77.00 target price on shares of Kilroy Realty in a report on Thursday, April 26th. Stifel Nicolaus upped their target price on shares of Kilroy Realty from $77.00 to $78.00 and gave the company a buy rating in a report on Tuesday, May 1st. Finally, TheStreet raised shares of Kilroy Realty from a c+ rating to a b- rating in a report on Thursday, May 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. Kilroy Realty presently has an average rating of Hold and an average price target of $76.70.
Shares of KRC stock opened at $75.19 on Tuesday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $7.52 billion, a PE ratio of 22.11, a PEG ratio of 2.80 and a beta of 0.70. Kilroy Realty has a 52-week low of $62.91 and a 52-week high of $77.73.
Kilroy Realty (NYSE:KRC) last issued its earnings results on Wednesday, April 25th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.54). The firm had revenue of $182.80 million during the quarter, compared to the consensus estimate of $178.02 million. Kilroy Realty had a net margin of 23.16% and a return on equity of 4.27%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.81 earnings per share. equities analysts forecast that Kilroy Realty will post 3.58 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 18th. Investors of record on Friday, June 29th will be paid a $0.455 dividend. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $1.82 dividend on an annualized basis and a yield of 2.42%. This is a positive change from Kilroy Realty’s previous quarterly dividend of $0.43. Kilroy Realty’s dividend payout ratio is 50.00%.
In related news, CAO Heidi Rena Roth sold 5,607 shares of the company’s stock in a transaction dated Friday, May 11th. The shares were sold at an average price of $74.50, for a total value of $417,721.50. Following the transaction, the chief accounting officer now owns 30,121 shares in the company, valued at approximately $2,244,014.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Tyler H. Rose sold 15,000 shares of the company’s stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $71.86, for a total transaction of $1,077,900.00. Following the completion of the transaction, the chief financial officer now owns 110,056 shares in the company, valued at approximately $7,908,624.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 62,207 shares of company stock worth $4,495,914. 2.22% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Xact Kapitalforvaltning AB acquired a new position in Kilroy Realty in the 4th quarter valued at about $558,000. Ontario Teachers Pension Plan Board acquired a new position in Kilroy Realty in the 4th quarter valued at about $546,000. Land & Buildings Investment Management LLC acquired a new position in shares of Kilroy Realty during the 4th quarter worth approximately $18,356,000. Heitman Real Estate Securities LLC grew its position in shares of Kilroy Realty by 22.5% during the 4th quarter. Heitman Real Estate Securities LLC now owns 555,608 shares of the real estate investment trust’s stock worth $41,476,000 after purchasing an additional 101,933 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Kilroy Realty by 12.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 165,062 shares of the real estate investment trust’s stock worth $12,322,000 after purchasing an additional 18,244 shares in the last quarter. Institutional investors and hedge funds own 97.80% of the company’s stock.
About Kilroy Realty
Kilroy Realty Corporation (KRC), 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 has over 70 years of experience developing, acquiring and managing office and mixed-use real estate assets. 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.
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