Kilroy Realty Co. (NYSE:KRC) Receives $39.10 Consensus Price Target from Analysts

Kilroy Realty Co. (NYSE:KRC - Get Free Report) has been given a consensus recommendation of "Hold" by the ten ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $39.10.

Several equities research analysts have recently issued reports on the stock. KeyCorp lowered their target price on shares of Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating on the stock in a research note on Monday, March 31st. Royal Bank of Canada reduced their price target on Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating for the company in a report on Monday, March 10th. JPMorgan Chase & Co. dropped their price objective on Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Jefferies Financial Group assumed coverage on Kilroy Realty in a research report on Monday, March 17th. They set a "hold" rating and a $34.00 target price on the stock. Finally, Evercore ISI dropped their price target on shares of Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating on the stock in a research note on Wednesday, February 12th.

Insider Buying and Selling at Kilroy Realty

In other news, EVP John Osmond sold 4,000 shares of the business's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $35.16, for a total transaction of $140,640.00. Following the transaction, the executive vice president now owns 12,528 shares of the company's stock, valued at approximately $440,484.48. The trade was a 24.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider A. Robert Paratte sold 6,000 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $34.74, for a total transaction of $208,440.00. Following the transaction, the insider now directly owns 86,744 shares in the company, valued at approximately $3,013,486.56. The trade was a 6.47% decrease in their position. The disclosure for this sale can be found here. 1.57% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Allworth Financial LP boosted its position in shares of Kilroy Realty by 192.1% during the 1st quarter. Allworth Financial LP now owns 964 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 634 shares during the last quarter. Summit Securities Group LLC acquired a new position in Kilroy Realty in the fourth quarter valued at about $49,000. GF Fund Management CO. LTD. acquired a new position in Kilroy Realty in the fourth quarter valued at about $82,000. PNC Financial Services Group Inc. lifted its position in Kilroy Realty by 22.5% in the first quarter. PNC Financial Services Group Inc. now owns 3,346 shares of the real estate investment trust's stock valued at $110,000 after buying an additional 614 shares during the last quarter. Finally, FIL Ltd lifted its position in Kilroy Realty by 52.4% in the fourth quarter. FIL Ltd now owns 3,442 shares of the real estate investment trust's stock valued at $139,000 after buying an additional 1,184 shares during the last quarter. Institutional investors and hedge funds own 94.22% of the company's stock.

Kilroy Realty Stock Performance

NYSE KRC traded up $0.83 on Wednesday, reaching $34.98. 1,893,754 shares of the company's stock traded hands, compared to its average volume of 1,248,062. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of 19.76 and a beta of 1.18. The stock has a 50 day moving average price of $31.72 and a 200-day moving average price of $35.51. Kilroy Realty has a fifty-two week low of $27.07 and a fifty-two week high of $43.78. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its earnings results on Monday, May 5th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.03 by ($0.01). The business had revenue of $270.84 million for the quarter, compared to analyst estimates of $274.90 million. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. The company's revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.11 earnings per share. Equities research analysts predict that Kilroy Realty will post 4 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 6.18%. The ex-dividend date is Monday, June 30th. Kilroy Realty's dividend payout ratio (DPR) is currently 128.57%.

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.