Kilroy Realty Corporation (NYSE:KRC) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts have a consensus “Hold” rating on Kilroy Realty, with two sell, nine hold and five buy recommendations. The average 12-month price target is approximately $39.47, versus a recent share price of $34.62.
• Kilroy Realty reported quarterly EPS of $0.17, significantly below the $0.90 consensus estimate, while revenue of $272.37 million exceeded expectations but declined 6% year over year.
• The company declared a quarterly dividend of $0.54, or $2.16 annually, representing a 6.2% yield; however, its dividend payout ratio is elevated at 152.11%. Institutional investors own 94.22% of the stock.

Shares of Kilroy Realty Corporation (NYSE:KRC - Get Free Report) have earned an average rating of "Hold" from the sixteen analysts that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $39.4667.

Several brokerages have commented on KRC. Weiss Ratings raised Kilroy Realty from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, July 1st. Needham & Company LLC reaffirmed a "buy" rating on shares of Kilroy Realty in a research note on Monday, June 8th. Wells Fargo & Company increased their target price on Kilroy Realty from $33.00 to $38.00 and gave the company an "equal weight" rating in a research report on Tuesday, September 1st. UBS Group set a $44.00 price target on shares of Kilroy Realty in a research note on Tuesday, June 16th. Finally, The Goldman Sachs Group lifted their price target on shares of Kilroy Realty from $28.00 to $31.00 and gave the company a "sell" rating in a research note on Wednesday, July 29th.

Insider Activity

In other news, Director Jolie Hunt sold 15,800 shares of the business's stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $37.79, for a total transaction of $597,082.00. Following the completion of the sale, the director owned 13,892 shares of the company's stock, valued at $524,978.68. The trade was a 53.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.83% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kilroy Realty

Several large investors have recently bought and sold shares of KRC. BlackRock Inc. purchased a new position in shares of Kilroy Realty in the second quarter valued at approximately $581,003,000. Norges Bank purchased a new stake in shares of Kilroy Realty during the fourth quarter worth approximately $340,131,000. Rush Island Management LP increased its position in shares of 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 worth $137,122,000 after purchasing an additional 2,226,821 shares in the last quarter. Route One Investment Company L.P. acquired a new position in Kilroy Realty in the 2nd quarter valued at $159,181,000. Finally, PGGM Investments raised its stake in Kilroy Realty by 6.0% in the 4th quarter. PGGM Investments now owns 2,628,946 shares of the real estate investment trust's stock valued at $98,244,000 after purchasing an additional 148,376 shares during the last quarter. 94.22% of the stock is currently owned by hedge funds and other institutional investors.

Kilroy Realty Price Performance

NYSE:KRC opened at $34.62 on Tuesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.65 and a quick ratio of 2.65. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 24.38 and a beta of 1.11. The company has a 50 day moving average price of $37.24 and a 200-day moving average price of $34.73. Kilroy Realty has a 1-year low of $27.36 and a 1-year high of $45.03.

Kilroy Realty (NYSE:KRC - Get Free Report) last announced its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.90 by ($0.73). Kilroy Realty had a return on equity of 3.04% and a net margin of 15.47%.The firm had revenue of $272.37 million for the quarter, compared to analysts' expectations of $267.39 million. During the same period last year, the company posted $1.13 earnings per share. The business's quarterly revenue was down 6.0% on a year-over-year basis. Kilroy Realty has set its FY 2026 guidance at 3.490-3.630 EPS. Equities research analysts forecast that Kilroy Realty will post 3.59 EPS for the current year.

Kilroy Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be given a $0.54 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $2.16 annualized dividend and a dividend yield of 6.2%. Kilroy Realty's dividend payout ratio (DPR) is 152.11%.

About Kilroy Realty

Kilroy Realty Corporation NYSE: KRC is a real estate investment trust that owns, develops, acquires and manages office, life science and mixed-use properties. Its portfolio is concentrated in high-demand technology and innovation markets, with properties designed to serve businesses in sectors such as technology, media, entertainment and life sciences.

The company's operations are primarily focused on coastal markets in the western United States, including the San Francisco Bay Area, Greater Los Angeles and San Diego, as well as the Pacific Northwest.

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