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

Kilroy Realty Corporation (NYSE:KRC - Get Free Report) has earned an average rating of "Hold" from the eleven brokerages that are currently covering the firm, Marketbeat reports. Two analysts have 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 1 year price target among analysts that have issued ratings on the stock in the last year is $37.73.

Several research firms have recently commented on KRC. JPMorgan Chase & Co. reduced their target price on Kilroy Realty from $42.00 to $40.00 and set an "overweight" rating for the company in a research note on Wednesday, July 2nd. 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. Wells Fargo & Company dropped their price target on Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating on the stock in a research report on Monday, May 19th. The Goldman Sachs Group reissued a "neutral" rating and set a $36.00 price target (down from $42.00) on shares of Kilroy Realty in a research report on Friday, March 28th. Finally, BMO Capital Markets lowered Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 price target on the stock. in a research report on Wednesday, July 16th.

Institutional Investors Weigh In On Kilroy Realty

Several large investors have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC increased its holdings in shares of Kilroy Realty by 5.8% during the fourth quarter. Corient Private Wealth LLC now owns 22,193 shares of the real estate investment trust's stock valued at $898,000 after purchasing an additional 1,217 shares during the period. Xponance Inc. increased its holdings in shares of Kilroy Realty by 5.8% during the fourth quarter. Xponance Inc. now owns 13,478 shares of the real estate investment trust's stock valued at $545,000 after purchasing an additional 735 shares during the period. Sei Investments Co. increased its holdings in shares of Kilroy Realty by 0.9% during the fourth quarter. Sei Investments Co. now owns 664,695 shares of the real estate investment trust's stock valued at $26,887,000 after purchasing an additional 5,915 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Kilroy Realty during the fourth quarter valued at $1,235,000. Finally, LPL Financial LLC increased its holdings in shares of Kilroy Realty by 24.3% during the fourth quarter. LPL Financial LLC now owns 52,746 shares of the real estate investment trust's stock valued at $2,134,000 after purchasing an additional 10,328 shares during the period. 94.22% of the stock is owned by institutional investors and hedge funds.

Kilroy Realty Stock Down 0.3%

Shares of Kilroy Realty stock traded down $0.10 on Thursday, hitting $37.14. 1,956,438 shares of the company's stock traded hands, compared to its average volume of 1,474,582. The stock 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 firm's 50-day moving average is $34.73 and its 200 day moving average is $34.30. Kilroy Realty has a 52-week low of $27.07 and a 52-week high of $43.78.

Kilroy Realty (NYSE:KRC - Get Free Report) last released its earnings results 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). The business had revenue of $270.84 million for the quarter, compared to analysts' expectations of $274.90 million. Kilroy Realty had a net margin of 17.74% and a return on equity of 3.57%. The business's quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.11 earnings per share. Equities analysts anticipate that Kilroy Realty will post 4 earnings per share for the current year.

Kilroy Realty Dividend Announcement

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

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.