Kilroy Realty (NYSE:KRC) Price Target Raised to $40.00 at Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised its target price for Kilroy Realty from $39.00 to $40.00, indicating a potential upside of 4.89% from the previous close.
• Analyst ratings for Kilroy Realty are mixed, with two sell ratings, six hold ratings, and three buy ratings, resulting in an average rating of "Hold" with a consensus price target of $38.00.
• Kilroy Realty reported $1.13 EPS for its last quarter, exceeding analyst estimates of $1.01, and experienced a year-over-year revenue growth of 3.3%.

Kilroy Realty (NYSE:KRC - Free Report) had its target price boosted by Royal Bank Of Canada from $39.00 to $40.00 in a report published on Thursday,Benzinga reports. The firm currently has a sector perform rating on the real estate investment trust's stock.

Several other analysts also recently commented on KRC. Wells Fargo & Company reduced their price target on shares of Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating for the company in a research report on Monday, May 19th. Mizuho cut their price objective on shares of Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating for the company in a research report on Monday, July 14th. Evercore ISI upped their price objective on shares of Kilroy Realty from $35.00 to $43.00 and gave the stock an "in-line" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. cut their price objective on shares of Kilroy Realty from $42.00 to $40.00 and set an "overweight" rating for the company in a research report on Wednesday, July 2nd. Finally, BMO Capital Markets downgraded shares of Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 price objective for the company. in a research report on Wednesday, July 16th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $38.00.

Kilroy Realty Stock Performance

KRC stock traded down $0.42 on Thursday, hitting $37.84. The company's stock had a trading volume of 1,286,849 shares, compared to its average volume of 2,055,819. The firm has a 50 day moving average of $35.89 and a two-hundred day moving average of $34.26. Kilroy Realty has a 1 year low of $27.07 and a 1 year high of $43.78. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of 20.56 and a beta of 1.22. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.82.

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 EPS for the quarter, beating the consensus estimate of $1.01 by $0.12. Kilroy Realty had a net margin of 19.29% and a return on equity of 3.92%. The firm had revenue of $289.89 million during the quarter, compared to the consensus estimate of $268.84 million. During the same quarter in the prior year, the firm earned $1.10 EPS. Kilroy Realty's revenue for the quarter was up 3.3% on a year-over-year basis. Equities analysts predict that Kilroy Realty will post 4 EPS for the current fiscal year.

Kilroy Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Monday, June 30th were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date was Monday, June 30th. Kilroy Realty's dividend payout ratio (DPR) is currently 117.39%.

Institutional Investors Weigh In On Kilroy Realty

Large investors have recently added to or reduced their stakes in the business. American National Bank & Trust acquired a new stake in Kilroy Realty in the 2nd quarter valued at about $25,000. Quaker Wealth Management LLC boosted its stake in shares of Kilroy Realty by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 755 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 1,510 shares during the last quarter. 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 last quarter. Harbor Asset Planning Inc. acquired a new stake in shares of Kilroy Realty during the 2nd quarter worth about $34,000. Finally, UMB Bank n.a. boosted its stake in shares of Kilroy Realty by 46.0% during the 2nd quarter. UMB Bank n.a. now owns 1,694 shares of the real estate investment trust's stock worth $58,000 after purchasing an additional 534 shares during the last quarter. 94.22% of the stock is owned by institutional investors and hedge funds.

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.