Kilroy Realty Corp (NYSE:KRC) Given Average Rating of “Buy” by Brokerages

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.

Several institutional investors and hedge funds have recently modified their holdings of KRC. Dimensional Fund Advisors LP raised its stake in shares of Kilroy Realty by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,549,423 shares of the real estate investment trust’s stock worth $97,425,000 after purchasing an additional 37,787 shares during the period. Millennium Management LLC bought a new stake in Kilroy Realty in the 4th quarter valued at about $9,076,000. Geode Capital Management LLC raised its stake in Kilroy Realty by 8.5% in the 4th quarter. Geode Capital Management LLC now owns 1,268,134 shares of the real estate investment trust’s stock valued at $79,740,000 after acquiring an additional 99,860 shares during the period. State of Alaska Department of Revenue raised its stake in Kilroy Realty by 0.9% in the 1st quarter. State of Alaska Department of Revenue now owns 43,272 shares of the real estate investment trust’s stock valued at $3,286,000 after acquiring an additional 376 shares during the period. Finally, PGGM Investments raised its stake in Kilroy Realty by 29.6% in the 1st quarter. PGGM Investments now owns 5,290,738 shares of the real estate investment trust’s stock valued at $401,884,000 after acquiring an additional 1,208,738 shares during the period. Hedge funds and other institutional investors own 96.67% of the company’s stock.

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.

Read More: What is a death cross?

Analyst Recommendations for Kilroy Realty (NYSE:KRC)

Receive News & Ratings for Kilroy Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kilroy Realty and related companies with MarketBeat.com's FREE daily email newsletter.