Kilroy Realty Corporation (NYSE:KRC) Given Consensus Recommendation of "Hold" by Analysts

Kilroy Realty Corporation (NYSE:KRC - Get Free Report) has received a consensus rating of "Hold" from the twelve brokerages that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seven 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 issued ratings on the stock in the last year is $38.00.

Several analysts have commented on the company. Zacks Research upgraded Kilroy Realty to a "hold" rating in a research note on Friday, August 8th. Royal Bank Of Canada increased their target price on Kilroy Realty from $39.00 to $40.00 and gave the company a "sector perform" rating in a research note on Thursday, August 7th. Wells Fargo & Company cut their target price on Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating on the stock in a research note on Monday, May 19th. BMO Capital Markets downgraded Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 target price on the stock. in a research note on Wednesday, July 16th. Finally, Evercore ISI increased their target price on Kilroy Realty from $35.00 to $43.00 and gave the company an "in-line" rating in a research note on Wednesday, July 30th.

Kilroy Realty Stock Up 0.9%

Shares of NYSE:KRC opened at $38.67 on Monday. The stock has a fifty day simple moving average of $36.33 and a two-hundred day simple moving average of $34.21. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of 21.02 and a beta of 1.22. Kilroy Realty has a 12-month low of $27.07 and a 12-month high of $43.78. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.82.

Kilroy Realty (NYSE:KRC - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.12. The business had revenue of $289.89 million during the quarter, compared to analysts' expectations of $268.84 million. Kilroy Realty had a return on equity of 3.92% and a net margin of 19.29%. The firm's quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.10 earnings per share. On average, research analysts anticipate that Kilroy Realty will post 4 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Monday, June 30th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date was Monday, June 30th. Kilroy Realty's dividend payout ratio (DPR) is 117.39%.

Insiders Place Their Bets

In related news, CAO Merryl Elizabeth Werber sold 6,250 shares of Kilroy Realty stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $38.28, for a total transaction of $239,250.00. Following the transaction, the chief accounting officer directly owned 26,435 shares in the company, valued at approximately $1,011,931.80. The trade was a 19.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Eliott Trencher sold 3,997 shares of Kilroy Realty stock in a transaction on Friday, August 8th. The shares were sold at an average price of $38.05, for a total value of $152,085.85. Following the transaction, the executive vice president owned 43,826 shares in the company, valued at $1,667,579.30. This trade represents a 8.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.49% of the company's stock.

Hedge Funds Weigh In On Kilroy Realty

Several institutional investors and hedge funds have recently bought and sold shares of KRC. Wells Fargo & Company MN lifted its position in Kilroy Realty by 7.5% during the fourth quarter. Wells Fargo & Company MN now owns 83,461 shares of the real estate investment trust's stock valued at $3,376,000 after purchasing an additional 5,845 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Kilroy Realty by 39.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 29,230 shares of the real estate investment trust's stock valued at $1,182,000 after purchasing an additional 8,313 shares in the last quarter. Bank of Montreal Can lifted its position in Kilroy Realty by 21.5% during the fourth quarter. Bank of Montreal Can now owns 19,408 shares of the real estate investment trust's stock valued at $785,000 after purchasing an additional 3,436 shares in the last quarter. United Capital Financial Advisors LLC purchased a new position in Kilroy Realty during the fourth quarter valued at $218,000. Finally, Marshall Wace LLP purchased a new position in Kilroy Realty during the fourth quarter valued at $19,844,000. 94.22% of the stock is currently owned by hedge funds and other institutional investors.

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.

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