Kilroy Realty Corp (NYSE:KRC) has received an average recommendation of “Hold” from the ten ratings firms that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $78.00.
KRC has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Kilroy Realty from a “sell” rating to a “hold” rating in a research note on Saturday, October 27th. Deutsche Bank increased their target price on shares of Kilroy Realty from $81.00 to $83.00 and gave the stock a “hold” rating in a research note on Wednesday, August 29th. Robert W. Baird reiterated a “hold” rating and set a $78.00 target price on shares of Kilroy Realty in a research note on Wednesday, August 1st. JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a “neutral” rating to an “overweight” rating in a research note on Friday, October 5th. Finally, Scotiabank began coverage on shares of Kilroy Realty in a research report on Tuesday, October 16th. They issued a “sector perform” rating for the company.
A number of large investors have recently made changes to their positions in the stock. Stifel Financial Corp purchased a new stake in Kilroy Realty in the 1st quarter worth about $221,000. Principal Financial Group Inc. increased its holdings in Kilroy Realty by 0.9% in the 1st quarter. Principal Financial Group Inc. now owns 3,915,763 shares of the real estate investment trust’s stock worth $277,862,000 after acquiring an additional 35,939 shares during the last quarter. Jane Street Group LLC increased its holdings in Kilroy Realty by 36.6% in the 1st quarter. Jane Street Group LLC now owns 5,627 shares of the real estate investment trust’s stock worth $399,000 after acquiring an additional 1,509 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in Kilroy Realty by 24.3% in the 1st quarter. Allianz Asset Management GmbH now owns 408,227 shares of the real estate investment trust’s stock worth $28,968,000 after acquiring an additional 79,769 shares during the last quarter. Finally, Clinton Group Inc. purchased a new stake in Kilroy Realty in the 2nd quarter worth about $289,000. Hedge funds and other institutional investors own 96.75% of the company’s stock.
Shares of KRC traded up $0.39 during mid-day trading on Thursday, hitting $69.18. 3,735 shares of the company’s stock were exchanged, compared to its average volume of 706,577. Kilroy Realty has a fifty-two week low of $62.91 and a fifty-two week high of $77.73. The company has a market capitalization of $6.87 billion, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 2.55 and a beta of 0.63. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.01.
Kilroy Realty (NYSE:KRC) last announced its earnings results on Wednesday, October 24th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. Kilroy Realty had a net margin of 17.26% and a return on equity of 3.16%. The business had revenue of $186.56 million during the quarter, compared to the consensus estimate of $183.32 million. Equities research analysts forecast that Kilroy Realty will post 3.6 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 17th. Investors of record on Friday, September 28th were given a $0.455 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $1.82 dividend on an annualized basis and a yield of 2.63%. Kilroy Realty’s payout ratio is currently 53.53%.
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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