Kilroy Realty (NYSE:KRC) Given Neutral Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Kilroy Realty (NYSE:KRC) in a report published on Friday, Marketbeat.com reports. JPMorgan Chase & Co. currently has a $44.00 price target on the real estate investment trust’s stock, down from their prior price target of $46.00.

Several other equities research analysts also recently weighed in on the company. Evercore ISI increased their price target on Kilroy Realty from $42.00 to $46.00 and gave the stock an “in-line” rating in a research report on Monday, September 8th. Jefferies Financial Group upgraded Kilroy Realty from a “hold” rating to a “buy” rating and raised their target price for the company from $33.00 to $45.00 in a research report on Monday. Barclays restated an “equal weight” rating and set a $43.00 target price on shares of Kilroy Realty in a research report on Thursday, September 4th. Scotiabank upgraded Kilroy Realty from a “sector underperform” rating to a “sector perform” rating and raised their target price for the company from $40.00 to $47.00 in a research report on Wednesday, September 17th. Finally, The Goldman Sachs Group restated a “sell” rating and set a $33.00 target price on shares of Kilroy Realty in a research report on Thursday, August 21st. Two equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $41.17.

Kilroy Realty Price Performance

Shares of KRC opened at $40.29 on Friday. The business’s 50-day moving average is $41.40 and its two-hundred day moving average is $36.43. The company has a market capitalization of $4.77 billion, a P/E ratio of 21.90 and a beta of 1.24. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.35 and a current ratio of 2.35. Kilroy Realty has a fifty-two week low of $27.07 and a fifty-two week high of $45.03.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.12. The company had revenue of $289.89 million for the quarter, compared to the consensus estimate of $268.84 million. Kilroy Realty had a return on equity of 3.92% and a net margin of 19.29%.The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the firm earned $1.10 EPS. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. Research analysts predict that Kilroy Realty will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Investors of record on Tuesday, September 30th were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 5.4%. The ex-dividend date was Tuesday, September 30th. Kilroy Realty’s payout ratio is presently 117.39%.

Insider Activity

In related news, CAO Merryl Elizabeth Werber sold 6,250 shares of Kilroy Realty stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $38.28, for a total value of $239,250.00. Following the sale, the chief accounting officer directly owned 26,435 shares in the company, valued at approximately $1,011,931.80. The trade was a 19.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Eliott Trencher sold 3,997 shares of Kilroy Realty stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $38.05, for a total value of $152,085.85. Following the completion of the sale, the executive vice president owned 43,826 shares in the company, valued at approximately $1,667,579.30. The trade was a 8.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.57% of the company’s stock.

Institutional Investors Weigh In On Kilroy Realty

Several institutional investors have recently bought and sold shares of KRC. Norges Bank purchased a new position in Kilroy Realty in the 2nd quarter worth approximately $310,746,000. Daiwa Securities Group Inc. lifted its stake in Kilroy Realty by 168.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 3,562,992 shares of the real estate investment trust’s stock worth $122,246,000 after purchasing an additional 2,236,539 shares in the last quarter. Route One Investment Company L.P. purchased a new position in Kilroy Realty in the 2nd quarter worth approximately $34,341,000. Northern Trust Corp lifted its stake in Kilroy Realty by 39.5% in the 1st quarter. Northern Trust Corp now owns 2,923,836 shares of the real estate investment trust’s stock worth $95,785,000 after purchasing an additional 827,365 shares in the last quarter. Finally, Long Pond Capital LP purchased a new position in Kilroy Realty in the 1st quarter worth approximately $24,183,000. 94.22% of the stock is currently 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.