Analysts Set Kilroy Realty Co. (NYSE:KRC) Price Target at $39.10

Kilroy Realty Co. (NYSE:KRC - Get Free Report) has been given a consensus rating of "Hold" by the ten research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $39.10.

A number of brokerages recently commented on KRC. Jefferies Financial Group began coverage on Kilroy Realty in a research report on Monday, March 17th. They issued a "hold" rating and a $34.00 price target on the stock. Wells Fargo & Company decreased their price target on Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating on the stock in a research report on Monday, May 19th. JPMorgan Chase & Co. decreased their price target on Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. KeyCorp decreased their price target on Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating on the stock in a research report on Monday, March 31st. Finally, Barclays upgraded Kilroy Realty from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $42.00 to $44.00 in a research report on Thursday, February 27th.

Kilroy Realty Price Performance

Shares of NYSE KRC traded up $0.54 during midday trading on Wednesday, reaching $34.13. The company's stock had a trading volume of 1,192,001 shares, compared to its average volume of 1,242,582. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21. The company has a market cap of $4.04 billion, a P/E ratio of 19.28 and a beta of 1.16. The business's 50 day moving average price is $31.65 and its two-hundred day moving average price is $35.56. Kilroy Realty has a fifty-two week low of $27.07 and a fifty-two week high of $43.78.

Kilroy Realty (NYSE:KRC - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.01). The company had revenue of $270.84 million during 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%. Kilroy Realty's revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.11 earnings per share. On average, analysts forecast that Kilroy Realty will post 4 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Monday, June 30th will be issued a $0.54 dividend. The ex-dividend date is Monday, June 30th. This represents a $2.16 dividend on an annualized basis and a yield of 6.33%. Kilroy Realty's payout ratio is presently 128.57%.

Insider Activity

In related news, insider A. Robert Paratte sold 6,000 shares of Kilroy Realty stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $34.74, for a total value of $208,440.00. Following the transaction, the insider now directly owns 86,744 shares of the company's stock, valued at $3,013,486.56. The trade was a 6.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Osmond sold 4,000 shares of the company's stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $35.16, for a total value of $140,640.00. Following the completion of the sale, the executive vice president now owns 12,528 shares in the company, valued at $440,484.48. The trade was a 24.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kilroy Realty

Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in Kilroy Realty during the 4th quarter worth about $366,356,000. Principal Financial Group Inc. lifted its stake in shares of Kilroy Realty by 4.7% in the 4th quarter. Principal Financial Group Inc. now owns 4,862,310 shares of the real estate investment trust's stock valued at $196,680,000 after purchasing an additional 218,163 shares during the period. APG Asset Management US Inc. lifted its stake in shares of Kilroy Realty by 5.3% in the 1st quarter. APG Asset Management US Inc. now owns 4,611,122 shares of the real estate investment trust's stock valued at $151,521,000 after purchasing an additional 230,236 shares during the period. Resolution Capital Ltd lifted its stake in shares of Kilroy Realty by 12.6% in the 4th quarter. Resolution Capital Ltd now owns 4,487,655 shares of the real estate investment trust's stock valued at $181,526,000 after purchasing an additional 500,635 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Kilroy Realty by 6.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,265,387 shares of the real estate investment trust's stock valued at $132,087,000 after purchasing an additional 193,291 shares during the period. Institutional investors and hedge funds 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.