Kilroy Realty Corporation (KRC) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analyst sentiment is broadly neutral: Kilroy Realty has a consensus “Hold” rating from 15 firms (nine holds, four buys, and two sells), with an average one-year price target of $38.54.
• Quarterly results were mixed: EPS of $0.13 matched expectations, while revenue of $271.6 million topped estimates but fell 2.9% year over year.
• The REIT declared a $0.54 quarterly dividend, equivalent to $2.16 annually and a 6.0% yield; its reported payout ratio was 900%.

Shares of Kilroy Realty Corporation (NYSE:KRC - Get Free Report) have earned a consensus recommendation of "Hold" from the fifteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $38.54.

A number of equities analysts have recently issued reports on KRC shares. Barclays increased their price target on Kilroy Realty from $31.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 21st. Scotiabank decreased their price objective on Kilroy Realty from $41.00 to $39.00 and set a "sector perform" rating for the company in a report on Thursday, September 17th. Mizuho upped their price objective on shares of Kilroy Realty from $29.00 to $34.00 and gave the stock an "underperform" rating in a research note on Tuesday, July 21st. Citigroup increased their target price on shares of Kilroy Realty from $34.00 to $40.00 and gave the stock a "neutral" rating in a report on Thursday, July 30th. Finally, The Goldman Sachs Group reissued a "sell" rating and set a $32.00 target price on shares of Kilroy Realty in a research report on Wednesday, October 28th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of Kilroy Realty during the 2nd quarter worth approximately $581,003,000. Rush Island Management LP lifted its position in Kilroy Realty by 84.5% during the first quarter. Rush Island Management LP now owns 4,860,742 shares of the real estate investment trust's stock valued at $137,122,000 after acquiring an additional 2,226,821 shares during the last quarter. Route One Investment Company L.P. acquired a new stake in Kilroy Realty in the second quarter valued at approximately $159,181,000. Dimensional Fund Advisors LP boosted its stake in Kilroy Realty by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,717,068 shares of the real estate investment trust's stock valued at $48,440,000 after acquiring an additional 56,817 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Kilroy Realty by 118.1% in the first quarter. Bank of America Corp DE now owns 1,621,580 shares of the real estate investment trust's stock valued at $45,745,000 after acquiring an additional 877,907 shares in the last quarter. 94.22% of the stock is owned by institutional investors.

Kilroy Realty Stock Performance

Shares of NYSE:KRC opened at $35.82 on Wednesday. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.81. Kilroy Realty has a 12 month low of $27.36 and a 12 month high of $43.58. The company has a market capitalization of $4.17 billion, a price-to-earnings ratio of 149.27 and a beta of 1.17. The firm's 50-day moving average is $35.10 and its 200 day moving average is $34.52.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued its quarterly earnings results on Thursday, October 22nd. The real estate investment trust reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. The firm had revenue of $271.60 million for the quarter, compared to the consensus estimate of $268.02 million. Kilroy Realty had a return on equity of 0.52% and a net margin of 2.63%. The company's revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.08 earnings per share. Research analysts predict that Kilroy Realty will post 3.58 EPS for the current year.

Kilroy Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 13th. Investors of record on Thursday, December 31st will be paid a $0.54 dividend. The ex-dividend date of this dividend is Thursday, December 31st. This represents a $2.16 dividend on an annualized basis and a yield of 6.0%. Kilroy Realty's payout ratio is 900.00%.

About Kilroy Realty

Kilroy Realty Corporation is a real estate investment trust that owns, develops and operates office and life science properties. Its portfolio includes workplaces and research facilities designed to serve businesses in technology, media, entertainment and the life sciences. The company focuses on major coastal markets, including the San Francisco Bay Area, Los Angeles, San Diego and Seattle, as well as Austin, Texas. Its properties include office buildings, laboratory space and mixed-use developments.

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