Evercore ISI upgraded shares of Kilroy Realty (NYSE:KRC) from an in-line rating to an outperform rating in a report issued on Monday, Benzinga reports. Evercore ISI currently has $76.00 target price on the real estate investment trust’s stock.
A number of other equities analysts have also recently weighed in on KRC. Deutsche Bank Aktiengesellschaft lifted their price target on Kilroy Realty from $53.00 to $60.00 and gave the stock a sell rating in a research note on Monday. BMO Capital Markets lifted their target price on Kilroy Realty from $75.00 to $79.00 and gave the company an outperform rating in a research note on Monday, April 5th. Scotiabank raised Kilroy Realty from a sector perform rating to a sector outperform rating and lifted their target price for the company from $57.00 to $67.00 in a research note on Monday, January 25th. Mizuho lifted their target price on Kilroy Realty from $58.00 to $70.00 and gave the company a neutral rating in a research note on Wednesday, April 14th. Finally, Robert W. Baird upgraded Kilroy Realty from a neutral rating to an outperform rating and set a $65.00 price target for the company in a report on Thursday, January 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $63.58.
KRC stock opened at $67.38 on Monday. Kilroy Realty has a twelve month low of $45.28 and a twelve month high of $70.54. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $7.85 billion, a P/E ratio of 41.34, a PEG ratio of 2.86 and a beta of 0.91. The firm has a 50 day simple moving average of $67.14 and a 200-day simple moving average of $59.88.
Kilroy Realty (NYSE:KRC) last released its quarterly earnings data on Sunday, January 31st. The real estate investment trust reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.30). Kilroy Realty had a return on equity of 3.56% and a net margin of 20.35%. On average, research analysts predict that Kilroy Realty will post 3.74 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 14th. Stockholders of record on Wednesday, March 31st were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.97%. The ex-dividend date was Tuesday, March 30th. Kilroy Realty’s payout ratio is presently 51.15%.
In other news, insider A. Robert Paratte sold 23,595 shares of the stock in a transaction on Wednesday, March 10th. The stock was sold at an average price of $68.14, for a total transaction of $1,607,763.30. Following the sale, the insider now owns 21,187 shares in the company, valued at $1,443,682.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Tyler H. Rose sold 10,000 shares of the stock in a transaction on Thursday, March 11th. The stock was sold at an average price of $68.31, for a total value of $683,100.00. Following the sale, the president now owns 153,455 shares in the company, valued at approximately $10,482,511.05. The disclosure for this sale can be found here. 2.22% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Northwood Investors LLC acquired a new position in shares of Kilroy Realty during the fourth quarter valued at $30,013,000. State of Alaska Department of Revenue lifted its stake in shares of Kilroy Realty by 23.9% during the first quarter. State of Alaska Department of Revenue now owns 61,736 shares of the real estate investment trust’s stock valued at $4,050,000 after acquiring an additional 11,893 shares during the period. Dupont Capital Management Corp lifted its stake in shares of Kilroy Realty by 40.6% during the fourth quarter. Dupont Capital Management Corp now owns 31,033 shares of the real estate investment trust’s stock valued at $1,781,000 after acquiring an additional 8,968 shares during the period. Cibc World Markets Corp acquired a new position in shares of Kilroy Realty during the fourth quarter valued at $3,721,000. Finally, Nordea Investment Management AB acquired a new position in shares of Kilroy Realty during the fourth quarter valued at $4,793,000. 94.74% of the stock is currently owned by institutional investors and hedge funds.
About Kilroy Realty
Kilroy Realty Corporation (NYSE: KRC, the ÂcompanyÂ, ÂKRCÂ) is a leading West Coast landlord and developer, with a major presence in San Diego, Greater Los Angeles, the San Francisco Bay Area, and the Pacific Northwest. The company has earned global recognition for sustainability, building operations, innovation and design.
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