Mizuho Reaffirms “Neutral” Rating for Kilroy Realty (NYSE:KRC)

Mizuho reissued their neutral rating on shares of Kilroy Realty (NYSE:KRC) in a report released on Tuesday, Marketbeat.com reports. The firm currently has a $43.00 target price on the real estate investment trust’s stock, down from their prior target price of $45.00.

Other analysts have also issued research reports about the company. Scotiabank lowered Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 target price on the stock. in a research report on Thursday, November 14th. Barclays boosted their price objective on Kilroy Realty from $38.00 to $44.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Jefferies Financial Group lowered shares of Kilroy Realty from a “buy” rating to a “hold” rating and cut their price target for the stock from $45.00 to $41.00 in a research note on Thursday, January 2nd. Wells Fargo & Company reduced their price target on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 11th. Finally, Evercore ISI lifted their price objective on shares of Kilroy Realty from $40.00 to $41.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $40.90.

Kilroy Realty Price Performance

NYSE:KRC opened at $37.04 on Tuesday. Kilroy Realty has a 52 week low of $30.71 and a 52 week high of $43.78. The stock’s fifty day moving average is $40.37 and its two-hundred day moving average is $37.70. The company has a market capitalization of $4.37 billion, a P/E ratio of 22.18 and a beta of 1.02. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.89.

Kilroy Realty (NYSE:KRC) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.60). Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. The company had revenue of $289.94 million during the quarter, compared to analyst estimates of $275.77 million. During the same period in the previous year, the company earned $1.12 EPS. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. Equities analysts expect that Kilroy Realty will post 4.41 EPS for the current year.

Kilroy Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 31st were given a $0.54 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $2.16 annualized dividend and a yield of 5.83%. Kilroy Realty’s dividend payout ratio (DPR) is 129.34%.

Insider Buying and Selling

In other Kilroy Realty news, insider Heidi Rena Roth sold 12,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total transaction of $507,360.00. Following the completion of the sale, the insider now directly owns 50,211 shares of the company’s stock, valued at approximately $2,122,921.08. This trade represents a 19.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.49% of the stock is owned by company insiders.

Institutional Investors Weigh In On Kilroy Realty

Several large investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB purchased a new position in Kilroy Realty in the 3rd quarter valued at $34,000. UMB Bank n.a. boosted its holdings in shares of Kilroy Realty by 126.5% in the third quarter. UMB Bank n.a. now owns 967 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 540 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Kilroy Realty by 33.6% during the third quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 371 shares during the period. Headlands Technologies LLC purchased a new position in Kilroy Realty during the second quarter worth about $46,000. Finally, Quarry LP acquired a new stake in Kilroy Realty in the second quarter valued at about $55,000. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Kilroy Realty Company Profile

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.