Brokerages Set Kilroy Realty Corporation (NYSE:KRC) PT at $37.73

Shares of Kilroy Realty Corporation (NYSE:KRC - Get Free Report) have been assigned a consensus rating of "Hold" from the eleven ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $37.73.

Several equities analysts have issued reports on the company. Scotiabank dropped their price objective on Kilroy Realty from $38.00 to $37.00 and set a "sector underperform" rating on the stock in a report on Monday, July 14th. KeyCorp lowered their price objective on shares of Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating on the stock in a research report on Monday, March 31st. JPMorgan Chase & Co. reduced their target price on shares of Kilroy Realty from $42.00 to $40.00 and set an "overweight" rating for the company in a report on Wednesday, July 2nd. Wells Fargo & Company lowered their price target on Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating on the stock in a report on Monday, May 19th. Finally, Mizuho dropped their price target 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.

Kilroy Realty Stock Down 0.3%

Kilroy Realty stock traded down $0.10 during midday trading on Thursday, reaching $37.14. The company's stock had a trading volume of 1,956,438 shares, compared to its average volume of 1,468,864. Kilroy Realty has a fifty-two week low of $27.07 and a fifty-two week high of $43.78. The company has a market cap of $4.39 billion, a P/E ratio of 22.11 and a beta of 1.19. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.82. The business has a 50-day simple moving average of $34.82 and a 200-day simple moving average of $34.27.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its earnings results 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 business had revenue of $270.84 million for the quarter, compared to analysts' expectations of $274.90 million. Kilroy Realty had a return on equity of 3.57% and a net margin of 17.74%. Kilroy Realty's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.11 EPS. On average, research analysts expect that Kilroy Realty will post 4 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Monday, June 30th were issued a $0.54 dividend. The ex-dividend date was Monday, June 30th. This represents a $2.16 annualized dividend and a yield of 5.82%. Kilroy Realty's dividend payout ratio (DPR) is presently 128.57%.

Institutional Investors Weigh In On Kilroy Realty

Several hedge funds have recently made changes to their positions in the business. American National Bank & Trust acquired a new stake in Kilroy Realty in the 2nd quarter worth about $25,000. Allworth Financial LP grew 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 valued at $31,000 after buying an additional 634 shares during the period. Summit Securities Group LLC acquired a new stake in shares of Kilroy Realty during the 4th quarter worth $49,000. UMB Bank n.a. boosted its holdings in Kilroy Realty by 46.0% in the second quarter. UMB Bank n.a. now owns 1,694 shares of the real estate investment trust's stock valued at $58,000 after acquiring an additional 534 shares during the last quarter. Finally, GF Fund Management CO. LTD. purchased a new stake in Kilroy Realty during the fourth quarter valued at about $82,000. 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.