Kilroy Realty Corporation (NYSE:KRC) Given Average Rating of "Hold" by Analysts

Key Points

• Kilroy Realty Corporation (NYSE:KRC) has received a consensus rating of "Reduce" from analysts, with three sell, seven hold, and two buy recommendations.
• The average 12-month price target for Kilroy Realty stock among brokerages is $38.82, with Goldman Sachs setting a price objective of $33.00 and Evercore ISI increasing theirs to $46.00.
• In the latest earnings report, Kilroy Realty reported $1.13 EPS, surpassing expectations, with revenue of $289.89 million for the quarter, a 3.3% increase from the previous year.

Kilroy Realty Corporation (NYSE:KRC - Get Free Report) has been assigned an average rating of "Hold" from the twelve analysts that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $39.4545.

Several equities analysts have recently weighed in on the company. Scotiabank raised Kilroy Realty from a "sector underperform" rating to a "sector perform" rating and increased their price target for the company from $40.00 to $47.00 in a report on Wednesday. Barclays reaffirmed an "equal weight" rating and issued a $43.00 target price on shares of Kilroy Realty in a report on Thursday, September 4th. Evercore ISI raised their target price on Kilroy Realty from $42.00 to $46.00 and gave the stock an "in-line" rating in a report on Monday, September 8th. Royal Bank Of Canada raised their target price on Kilroy Realty from $39.00 to $40.00 and gave the stock a "sector perform" rating in a report on Thursday, August 7th. Finally, Zacks Research raised Kilroy Realty to a "hold" rating in a report on Friday, August 8th.

Insiders Place Their Bets

In other Kilroy Realty news, EVP Eliott Trencher sold 3,997 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $38.05, for a total value of $152,085.85. Following the completion of the sale, the executive vice president owned 43,826 shares in the company, valued at approximately $1,667,579.30. This represents a 8.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of the company's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $38.28, for a total value of $239,250.00. Following the completion of the transaction, the chief accounting officer directly owned 26,435 shares of the company's stock, valued at approximately $1,011,931.80. This trade represents a 19.12% decrease in their position. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by company insiders.

Institutional Trading of Kilroy Realty

Several institutional investors have recently made changes to their positions in the business. Osaic Holdings Inc. grew its position in shares of Kilroy Realty by 84.1% during the second quarter. Osaic Holdings Inc. now owns 7,310 shares of the real estate investment trust's stock worth $250,000 after purchasing an additional 3,339 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in shares of Kilroy Realty by 3.8% during the second quarter. CANADA LIFE ASSURANCE Co now owns 271,090 shares of the real estate investment trust's stock worth $9,302,000 after purchasing an additional 9,886 shares in the last quarter. Corient Private Wealth LLC grew its position in shares of Kilroy Realty by 47.1% during the second quarter. Corient Private Wealth LLC now owns 34,377 shares of the real estate investment trust's stock worth $1,180,000 after purchasing an additional 11,003 shares in the last quarter. Captrust Financial Advisors purchased a new stake in shares of Kilroy Realty during the second quarter worth about $442,000. Finally, Route One Investment Company L.P. purchased a new stake in shares of Kilroy Realty during the second quarter worth about $34,341,000. Hedge funds and other institutional investors own 94.22% of the company's stock.

Kilroy Realty Stock Performance

Shares of NYSE KRC traded down $0.46 during midday trading on Friday, hitting $43.72. 2,037,975 shares of the stock traded hands, compared to its average volume of 1,322,169. The firm has a 50-day moving average of $39.29 and a two-hundred day moving average of $35.17. The firm has a market capitalization of $5.17 billion, a P/E ratio of 23.76 and a beta of 1.26. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.35 and a current ratio of 2.35. Kilroy Realty has a one year low of $27.07 and a one year high of $44.89.

Kilroy Realty (NYSE:KRC - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.12. The firm had revenue of $289.89 million for 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 company's revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.10 EPS. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. On average, equities analysts forecast that Kilroy Realty will post 4 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Tuesday, September 30th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Tuesday, September 30th. Kilroy Realty's dividend payout ratio (DPR) is currently 117.39%.

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.