Kilroy Realty Corporation (NYSE:KRC) Stock Rating Reaffirmed by Stifel Nicolaus
Stifel Nicolaus reaffirmed their buy rating on shares of Kilroy Realty Corporation (NYSE:KRC) in a research report sent to investors on Thursday, July 6th. The firm currently has a $80.00 price objective on the real estate investment trust’s stock.
Several other equities analysts have also recently weighed in on KRC. Evercore ISI raised shares of Kilroy Realty Corporation from an underperform rating to an in-line rating and set a $76.00 target price for the company in a research note on Tuesday, March 28th. BMO Capital Markets reissued a buy rating and issued a $82.00 price objective on shares of Kilroy Realty Corporation in a research note on Wednesday, April 5th. Zacks Investment Research cut shares of Kilroy Realty Corporation from a hold rating to a sell rating in a research note on Wednesday, April 12th. Deutsche Bank AG lifted their price target on shares of Kilroy Realty Corporation from $75.00 to $78.00 and gave the stock a hold rating in a research note on Thursday, May 25th. Finally, BidaskClub upgraded shares of Kilroy Realty Corporation from a hold rating to a buy rating in a report on Thursday, June 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $78.83.
Kilroy Realty Corporation (KRC) traded up 0.55% during mid-day trading on Thursday, reaching $72.63. The company had a trading volume of 637,743 shares. Kilroy Realty Corporation has a one year low of $65.77 and a one year high of $78.33. The stock has a 50 day moving average price of $74.42 and a 200 day moving average price of $73.83. The company has a market capitalization of $7.07 billion, a P/E ratio of 52.25 and a beta of 0.76.
Kilroy Realty Corporation (NYSE:KRC) last posted its earnings results on Wednesday, April 26th. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by $0.59. The company had revenue of $179.30 million for the quarter, compared to analysts’ expectations of $172.26 million. Kilroy Realty Corporation had a net margin of 22.62% and a return on equity of 4.33%. The business’s revenue was up 23.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.82 earnings per share. On average, equities analysts expect that Kilroy Realty Corporation will post $1.32 earnings per share for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 12th. Stockholders of record on Friday, June 30th were issued a $0.425 dividend. This is an increase from Kilroy Realty Corporation’s previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a dividend yield of 2.34%. The ex-dividend date was Wednesday, June 28th. Kilroy Realty Corporation’s dividend payout ratio is 121.43%.
In other news, insider Justin William Smart sold 10,000 shares of the company’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $76.66, for a total value of $766,600.00. Following the sale, the insider now directly owns 93,017 shares of the company’s stock, valued at approximately $7,130,683.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.28% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Perigon Wealth Management LLC acquired a new stake in Kilroy Realty Corporation during the first quarter valued at approximately $100,000. Invictus RG purchased a new position in Kilroy Realty Corporation during the first quarter valued at about $131,000. Quantbot Technologies LP purchased a new position in Kilroy Realty Corporation during the first quarter valued at about $150,000. Flinton Capital Management LLC boosted its position in Kilroy Realty Corporation by 20.5% in the first quarter. Flinton Capital Management LLC now owns 2,912 shares of the real estate investment trust’s stock valued at $210,000 after buying an additional 496 shares in the last quarter. Finally, KCG Holdings Inc. purchased a new position in Kilroy Realty Corporation during the first quarter valued at about $218,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.
About Kilroy Realty Corporation
Kilroy Realty Corporation is a real estate investment trust (REIT). The Company operates through the office properties segment. It operates in office and mixed-use submarkets along the West Coast. It owns, develops, acquires and manages real estate assets, consisting primarily of Class A properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and Greater Seattle.
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