Kilroy Realty Corporation (NYSE:KRC) Receives Average Rating of "Hold" from Brokerages

Key Points

• Kilroy Realty Corporation has an average rating of "Hold" from thirteen brokerages, with two analysts rating it a sell, nine a hold, and two a buy.
• The company recently reported a quarterly EPS of $1.13, exceeding analysts' expectations, and set its FY 2025 guidance at 4.050-4.150 EPS.
• Kilroy Realty announced a quarterly dividend of $0.54 per share, which will yield approximately 5.1% annually, with a payout ratio of 117.39%.

Shares of Kilroy Realty Corporation (NYSE:KRC - Get Free Report) have been assigned an average recommendation of "Hold" from the thirteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $39.4545.

A number of research firms recently commented on KRC. The Goldman Sachs Group reiterated a "sell" rating and issued a $33.00 target price on shares of Kilroy Realty in a research report on Thursday, August 21st. Scotiabank upgraded Kilroy Realty from a "sector underperform" rating to a "sector perform" rating and boosted their target price for the stock from $40.00 to $47.00 in a research report on Wednesday, September 17th. 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 report on Wednesday, July 16th. Mizuho decreased their target price on Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating on the stock in a research report on Monday, July 14th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Kilroy Realty in a research report on Saturday, September 27th.

Insider Buying and Selling

In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 6,250 shares of the company's stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 26,435 shares in the company, valued at $1,011,931.80. This represents a 19.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Eliott Trencher sold 3,997 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president owned 43,826 shares in the company, valued at approximately $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. Corporate insiders own 2.49% of the company's stock.

Institutional Investors Weigh In On Kilroy Realty

Several hedge funds and other institutional investors have recently modified their holdings of the business. HF Advisory Group LLC raised its holdings in shares of Kilroy Realty by 3.3% in the third quarter. HF Advisory Group LLC now owns 69,222 shares of the real estate investment trust's stock worth $2,925,000 after buying an additional 2,229 shares during the period. Aaron Wealth Advisors LLC raised its holdings in shares of Kilroy Realty by 521.6% in the third quarter. Aaron Wealth Advisors LLC now owns 41,581 shares of the real estate investment trust's stock worth $1,757,000 after buying an additional 34,892 shares during the period. GAMMA Investing LLC raised its holdings in shares of Kilroy Realty by 16.6% in the third quarter. GAMMA Investing LLC now owns 1,991 shares of the real estate investment trust's stock worth $84,000 after buying an additional 284 shares during the period. Corient Private Wealth LLC raised its holdings in shares of Kilroy Realty by 47.1% in 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 buying an additional 11,003 shares during the period. Finally, Osaic Holdings Inc. raised its holdings in shares of Kilroy Realty by 84.1% in the second quarter. Osaic Holdings Inc. now owns 7,310 shares of the real estate investment trust's stock worth $250,000 after buying an additional 3,339 shares during the period. 94.22% of the stock is currently owned by hedge funds and other institutional investors.

Kilroy Realty Price Performance

Shares of Kilroy Realty stock opened at $42.40 on Tuesday. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of 23.04 and a beta of 1.24. Kilroy Realty has a 52 week low of $27.07 and a 52 week high of $45.03. The stock's 50-day simple moving average is $40.86 and its 200-day simple moving average is $36.05.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its earnings results on Monday, July 28th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.12. The company had revenue of $289.89 million for the quarter, compared to the consensus estimate of $268.84 million. Kilroy Realty had a return on equity of 3.92% and a net margin of 19.29%.The firm's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.10 earnings per share. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. As a group, analysts expect that Kilroy Realty will post 4 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.54 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.16 dividend on an annualized basis and a yield of 5.1%. Kilroy Realty's dividend payout ratio is 117.39%.

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.

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