Barclays Cuts Kilroy Realty (NYSE:KRC) Price Target to $42.00

Kilroy Realty (NYSE:KRC) had its price objective cut by Barclays from $43.00 to $42.00 in a report published on Monday,Benzinga reports. They currently have an equal weight rating on the real estate investment trust’s stock.

A number of other research analysts have also issued reports on KRC. Evercore ISI increased their target price 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. Mizuho reiterated a “neutral” rating and set a $43.00 target price (down from $45.00) on shares of Kilroy Realty in a research report on Tuesday, January 7th. 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 report on Thursday, November 14th. Jefferies Financial Group downgraded Kilroy Realty from a “buy” rating to a “hold” rating and dropped their price target for the company from $45.00 to $41.00 in a research note on Thursday, January 2nd. Finally, JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $45.00 to $49.00 in a research note on Friday, December 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $40.70.

Kilroy Realty Stock Down 1.0 %

KRC opened at $36.76 on Monday. The stock has a fifty day moving average of $39.68 and a 200-day moving average of $38.42. The company has a market capitalization of $4.34 billion, a P/E ratio of 22.01 and a beta of 1.02. Kilroy Realty has a fifty-two week low of $30.71 and a fifty-two week high of $43.78. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.08 and a current ratio of 3.08.

Kilroy Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 31st were issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 5.88%. The ex-dividend date was Tuesday, December 31st. Kilroy Realty’s dividend payout ratio (DPR) is presently 129.34%.

Insider Buying and Selling

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

Institutional Investors Weigh In On Kilroy Realty

Hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. raised its position in Kilroy Realty by 585.2% in the third quarter. Victory Capital Management Inc. now owns 830,311 shares of the real estate investment trust’s stock valued at $32,133,000 after purchasing an additional 709,126 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Kilroy Realty by 428.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 850,975 shares of the real estate investment trust’s stock valued at $32,933,000 after buying an additional 689,962 shares during the period. abrdn plc raised its holdings in Kilroy Realty by 1,592.3% in the 4th quarter. abrdn plc now owns 400,404 shares of the real estate investment trust’s stock valued at $16,216,000 after buying an additional 376,743 shares during the last quarter. Principal Financial Group Inc. boosted its position in Kilroy Realty by 4.7% during the 4th quarter. Principal Financial Group Inc. now owns 4,862,310 shares of the real estate investment trust’s stock worth $196,680,000 after buying an additional 218,163 shares during the period. Finally, Verition Fund Management LLC grew its holdings in Kilroy Realty by 77.6% during the 3rd quarter. Verition Fund Management LLC now owns 280,646 shares of the real estate investment trust’s stock worth $10,861,000 after acquiring an additional 122,616 shares during the last quarter. Institutional investors and hedge funds own 94.22% of the company’s stock.

About Kilroy Realty

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.