Kilroy Realty Co. (NYSE:KRC) Receives Average Rating of “Hold” from Brokerages

Kilroy Realty Co. (NYSE:KRCGet Free Report) has earned an average recommendation of “Hold” from the eleven analysts that are presently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $38.50.

Several equities analysts recently issued reports on the company. Royal Bank of Canada lowered Kilroy Realty from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $44.00 to $39.00 in a research report on Friday, March 8th. Deutsche Bank Aktiengesellschaft reduced their target price on Kilroy Realty from $40.00 to $34.00 and set a “hold” rating on the stock in a research note on Thursday, May 30th. KeyCorp dropped their price target on Kilroy Realty from $47.00 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday, February 28th. Finally, Barclays started coverage on shares of Kilroy Realty in a research report on Wednesday, March 27th. They set an “equal weight” rating and a $38.00 price objective on the stock.

Get Our Latest Report on KRC

Kilroy Realty Price Performance

KRC opened at $31.58 on Wednesday. The stock’s 50 day simple moving average is $33.10 and its 200 day simple moving average is $35.83. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.30 and a quick ratio of 3.30. Kilroy Realty has a 1 year low of $26.78 and a 1 year high of $43.37. The firm has a market cap of $3.71 billion, a price-to-earnings ratio of 18.15 and a beta of 1.03.

Kilroy Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 28th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.84%. The ex-dividend date of this dividend is Friday, June 28th. Kilroy Realty’s payout ratio is presently 124.14%.

Insider Activity

In other news, CAO Merryl Elizabeth Werber sold 3,329 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $33.66, for a total value of $112,054.14. Following the completion of the transaction, the chief accounting officer now owns 29,081 shares in the company, valued at approximately $978,866.46. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 3,329 shares of Kilroy Realty stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $33.66, for a total value of $112,054.14. Following the completion of the sale, the chief accounting officer now owns 29,081 shares of the company’s stock, valued at approximately $978,866.46. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider A. Robert Paratte sold 12,000 shares of Kilroy Realty stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $33.35, for a total value of $400,200.00. Following the completion of the sale, the insider now directly owns 68,139 shares of the company’s stock, valued at approximately $2,272,435.65. The disclosure for this sale can be found here. 2.49% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kilroy Realty

Several large investors have recently made changes to their positions in KRC. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Kilroy Realty by 1,299.1% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 10,311 shares of the real estate investment trust’s stock valued at $326,000 after buying an additional 9,574 shares during the last quarter. Citigroup Inc. grew its position in Kilroy Realty by 32.7% during the 3rd quarter. Citigroup Inc. now owns 38,359 shares of the real estate investment trust’s stock worth $1,213,000 after purchasing an additional 9,450 shares during the period. DekaBank Deutsche Girozentrale grew its position in shares of Kilroy Realty by 49.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 42,404 shares of the real estate investment trust’s stock valued at $1,311,000 after acquiring an additional 13,969 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Kilroy Realty by 36.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,888 shares of the real estate investment trust’s stock valued at $91,000 after acquiring an additional 772 shares during the period. Finally, Wolverine Asset Management LLC lifted its stake in Kilroy Realty by 392.2% in the 3rd quarter. Wolverine Asset Management LLC now owns 21,447 shares of the real estate investment trust’s stock valued at $678,000 after buying an additional 17,090 shares in the last quarter. 94.22% of the stock is currently owned by hedge funds and other institutional investors.

Kilroy Realty Company Profile

(Get Free Report

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.

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Analyst Recommendations for Kilroy Realty (NYSE:KRC)

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