Shares of Kilroy Realty Corp (NYSE:KRC) have been assigned a consensus rating of “Buy” from the ten analysts that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $86.00.
A number of analysts have recently commented on KRC shares. ValuEngine cut Kilroy Realty from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. BMO Capital Markets restated a “buy” rating and issued a $84.00 price objective on shares of Kilroy Realty in a report on Thursday, October 24th. Zacks Investment Research upgraded shares of Kilroy Realty from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a report on Wednesday, October 16th. Deutsche Bank decreased their target price on shares of Kilroy Realty from $89.00 to $86.00 and set a “hold” rating for the company in a research note on Thursday, October 10th. Finally, Stifel Nicolaus set a $89.00 target price on shares of Kilroy Realty and gave the company a “buy” rating in a research note on Friday, October 25th.
Kilroy Realty stock traded up $0.21 during trading hours on Monday, hitting $82.91. 74,268 shares of the stock traded hands, compared to its average volume of 523,483. The firm’s 50-day moving average price is $79.58 and its two-hundred day moving average price is $77.47. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.73. The company has a market cap of $8.81 billion, a PE ratio of 23.82, a PEG ratio of 2.90 and a beta of 0.75. Kilroy Realty has a one year low of $59.05 and a one year high of $84.77.
Kilroy Realty (NYSE:KRC) last posted its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.93 by ($0.52). The firm had revenue of $215.53 million for the quarter, compared to the consensus estimate of $205.99 million. Kilroy Realty had a net margin of 35.04% and a return on equity of 6.62%. The business’s revenue was up 15.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.90 earnings per share. On average, sell-side analysts expect that Kilroy Realty will post 3.86 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Stockholders of record on Monday, September 30th were paid a $0.485 dividend. The ex-dividend date was Friday, September 27th. This represents a $1.94 annualized dividend and a dividend yield of 2.34%. Kilroy Realty’s dividend payout ratio (DPR) is 55.75%.
In other news, CEO John B. Kilroy, Jr. sold 14,780 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $84.32, for a total value of $1,246,249.60. Following the completion of the sale, the chief executive officer now directly owns 1,071,143 shares in the company, valued at approximately $90,318,777.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Tyler H. Rose sold 5,000 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $84.41, for a total value of $422,050.00. Following the completion of the sale, the chief financial officer now owns 121,508 shares of the company’s stock, valued at $10,256,490.28. The disclosure for this sale can be found here. Insiders sold a total of 19,905 shares of company stock valued at $1,678,018 over the last 90 days. 2.26% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in Kilroy Realty by 31.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,929,714 shares of the real estate investment trust’s stock worth $142,432,000 after buying an additional 463,953 shares during the period. Nuveen Asset Management LLC raised its stake in shares of Kilroy Realty by 321.2% in the second quarter. Nuveen Asset Management LLC now owns 1,791,798 shares of the real estate investment trust’s stock worth $132,254,000 after purchasing an additional 1,366,380 shares during the last quarter. Northern Trust Corp raised its stake in shares of Kilroy Realty by 1.0% in the second quarter. Northern Trust Corp now owns 1,391,845 shares of the real estate investment trust’s stock worth $102,733,000 after purchasing an additional 14,180 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Kilroy Realty by 2.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,360,979 shares of the real estate investment trust’s stock worth $100,454,000 after purchasing an additional 38,210 shares during the last quarter. Finally, Boston Partners raised its stake in shares of Kilroy Realty by 8.7% in the second quarter. Boston Partners now owns 1,264,379 shares of the real estate investment trust’s stock worth $93,335,000 after purchasing an additional 100,967 shares during the last quarter. Hedge funds and other institutional investors own 96.31% 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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