Brokerages Set Kilroy Realty Corporation (NYSE:KRC) Target Price at $39.10

Kilroy Realty Corporation (NYSE:KRC - Get Free Report) has earned a consensus rating of "Hold" from the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $38.90.

Several research firms recently weighed in on KRC. JPMorgan Chase & Co. lowered their target price on Kilroy Realty from $42.00 to $40.00 and set an "overweight" rating on the stock in a research report on Wednesday. KeyCorp lowered their price objective 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. The Goldman Sachs Group reissued a "neutral" rating and issued a $36.00 price target (down from $42.00) on shares of Kilroy Realty in a report on Friday, March 28th. Jefferies Financial Group began coverage on shares of Kilroy Realty in a report on Monday, March 17th. They set a "hold" rating and a $34.00 price objective for the company. Finally, Royal Bank Of Canada dropped their target price on shares of Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating for the company in a research report on Monday, March 10th.

Kilroy Realty Stock Up 0.7%

Kilroy Realty stock traded up $0.25 during mid-day trading on Friday, reaching $34.81. The stock had a trading volume of 554,277 shares, compared to its average volume of 1,253,519. Kilroy Realty has a one year low of $27.07 and a one year high of $43.78. The company has a 50-day moving average price of $33.20 and a two-hundred day moving average price of $34.76. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 20.76 and a beta of 1.19. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.07 and a quick ratio of 2.07.

Kilroy Realty (NYSE:KRC - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.02 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.01). Kilroy Realty had a return on equity of 3.57% and a net margin of 17.74%. The business had revenue of $270.84 million during the quarter, compared to the consensus estimate of $274.90 million. During the same quarter in the previous year, the business posted $1.11 earnings per share. Kilroy Realty's quarterly revenue was down 2.8% compared to the same quarter last year. On average, analysts expect that Kilroy Realty will post 4 EPS for the current fiscal year.

Kilroy Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Monday, June 30th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.21%. The ex-dividend date is Monday, June 30th. Kilroy Realty's payout ratio is 128.57%.

Institutional Trading of Kilroy Realty

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP boosted its stake 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 worth $31,000 after purchasing an additional 634 shares during the period. Summit Securities Group LLC purchased a new position in Kilroy Realty during the 4th quarter valued at $49,000. GF Fund Management CO. LTD. bought a new position in Kilroy Realty in the 4th quarter valued at $82,000. PNC Financial Services Group Inc. lifted its position in shares of Kilroy Realty by 22.5% during the first quarter. PNC Financial Services Group Inc. now owns 3,346 shares of the real estate investment trust's stock worth $110,000 after purchasing an additional 614 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its holdings in shares of Kilroy Realty by 3,410.7% in the first quarter. Meeder Asset Management Inc. now owns 3,932 shares of the real estate investment trust's stock worth $129,000 after purchasing an additional 3,820 shares during the last quarter. Hedge funds and other institutional investors own 94.22% of the company's stock.

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.