Analysts Set Kilroy Realty Corp (KRC) Target Price at $77.43
Kilroy Realty Corp (NYSE:KRC) has earned a consensus rating of “Hold” from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $77.43.
A number of research analysts recently commented on KRC shares. KeyCorp restated a “hold” rating on shares of Kilroy Realty in a research report on Friday, August 25th. Zacks Investment Research cut Kilroy Realty from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Goldman Sachs Group initiated coverage on Kilroy Realty in a research report on Tuesday, September 19th. They issued a “neutral” rating and a $70.00 price target on the stock. Bank of America cut Kilroy Realty from a “buy” rating to a “neutral” rating and decreased their target price for the company from $80.00 to $77.00 in a research report on Wednesday, August 16th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $77.00 target price on shares of Kilroy Realty in a research report on Thursday, September 21st.
A number of institutional investors have recently added to or reduced their stakes in KRC. Bank of New York Mellon Corp grew its position in Kilroy Realty by 148.1% in the third quarter. Bank of New York Mellon Corp now owns 3,745,076 shares of the real estate investment trust’s stock valued at $266,350,000 after acquiring an additional 2,235,377 shares during the last quarter. Long Pond Capital LP acquired a new stake in shares of Kilroy Realty during the third quarter valued at about $58,103,000. Principal Financial Group Inc. boosted its stake in shares of Kilroy Realty by 17.8% during the third quarter. Principal Financial Group Inc. now owns 3,996,409 shares of the real estate investment trust’s stock valued at $284,224,000 after purchasing an additional 602,993 shares in the last quarter. Standard Life Investments LTD acquired a new stake in shares of Kilroy Realty during the second quarter valued at about $42,070,000. Finally, Prudential Financial Inc. boosted its stake in shares of Kilroy Realty by 835.8% during the third quarter. Prudential Financial Inc. now owns 580,802 shares of the real estate investment trust’s stock valued at $41,307,000 after purchasing an additional 518,739 shares in the last quarter. Hedge funds and other institutional investors own 97.86% of the company’s stock.
Kilroy Realty (NYSE:KRC) last issued its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.67 EPS for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.19). Kilroy Realty had a return on equity of 4.44% and a net margin of 23.77%. The company had revenue of $181.50 million during the quarter, compared to the consensus estimate of $179.03 million. During the same quarter in the previous year, the business posted $0.92 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. research analysts anticipate that Kilroy Realty will post 3.52 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date is Thursday, December 28th. Kilroy Realty’s dividend payout ratio is presently 111.84%.
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About Kilroy Realty
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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