Shares of Kilroy Realty Corp (NYSE:KRC) have earned a consensus rating of “Buy” from the ten brokerages that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $81.86.
Several analysts have weighed in on KRC shares. Deutsche Bank boosted their price target on Kilroy Realty from $80.00 to $82.00 and gave the company a “hold” rating in a research note on Wednesday, April 10th. ValuEngine downgraded Kilroy Realty from a “buy” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research upgraded Kilroy Realty from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a research note on Wednesday. Finally, BMO Capital Markets set a $81.00 price target on Kilroy Realty and gave the company a “buy” rating in a research note on Wednesday, July 24th.
In other news, Director Jolie A. Hunt sold 4,434 shares of the company’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $75.02, for a total value of $332,638.68. Following the sale, the director now owns 4,099 shares in the company, valued at $307,506.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Merryl Elizabeth Werber sold 1,500 shares of the company’s stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of $78.00, for a total value of $117,000.00. Following the completion of the sale, the chief accounting officer now owns 8,120 shares in the company, valued at approximately $633,360. The disclosure for this sale can be found here. 2.26% of the stock is currently owned by insiders.
KRC stock traded down $0.09 on Friday, hitting $78.20. 440,385 shares of the company’s stock were exchanged, compared to its average volume of 560,682. Kilroy Realty has a 12-month low of $59.05 and a 12-month high of $80.66. The stock’s 50 day simple moving average is $76.82. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $7.90 billion, a PE ratio of 22.47, a P/E/G ratio of 3.10 and a beta of 0.77.
Kilroy Realty (NYSE:KRC) last announced its earnings results on Monday, May 6th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.56). Kilroy Realty had a return on equity of 6.58% and a net margin of 35.13%. The business had revenue of $201.20 million for the quarter, compared to analysts’ expectations of $190.73 million. During the same quarter last year, the firm earned $0.94 earnings per share. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Kilroy Realty will post 3.73 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 17th. Shareholders of record on Friday, June 28th were paid a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 2.48%. The ex-dividend date was Thursday, June 27th. This is an increase from Kilroy Realty’s previous quarterly dividend of $0.46. Kilroy Realty’s payout ratio is presently 55.75%.
About Kilroy Realty
Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast's premier landlords. The company has over 70 years of experience developing, acquiring and managing office and mixed-use real estate assets. The company provides physical work environments that foster creativity and productivity and serves a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies.
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