Wells Fargo & Company Lowers Kilroy Realty (NYSE:KRC) Price Target to $33.00

Kilroy Realty (NYSE:KRC) had its target price lowered by Wells Fargo & Company from $35.00 to $33.00 in a research note published on Monday,Benzinga reports. The brokerage currently has an equal weight rating on the real estate investment trust’s stock.

Other equities research analysts have also recently issued reports about the stock. KeyCorp lowered their price objective on shares of Kilroy Realty from $45.00 to $41.00 and set an “overweight” rating on the stock in a research note on Monday, March 31st. Jefferies Financial Group started coverage on shares of Kilroy Realty in a research note on Monday, March 17th. They set a “hold” rating and a $34.00 price target on the stock. Evercore ISI decreased their price target on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating on the stock in a research note on Wednesday, February 12th. Royal Bank of Canada decreased their price target on shares of Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating on the stock in a research note on Monday, March 10th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Kilroy Realty from $49.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $38.64.

Kilroy Realty Price Performance

Shares of NYSE KRC opened at $31.57 on Monday. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 17.83 and a beta of 1.16. Kilroy Realty has a 52 week low of $27.07 and a 52 week high of $43.78. The company’s 50-day moving average price is $32.07 and its 200 day moving average price is $36.10. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.01). The business had revenue of $270.84 million during the quarter, compared to analyst estimates of $274.90 million. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. Kilroy Realty’s revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.11 earnings per share. As a group, research analysts forecast that Kilroy Realty will post 4 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $2.16 annualized dividend and a dividend yield of 6.84%. Kilroy Realty’s payout ratio is currently 128.57%.

Insider Transactions at Kilroy Realty

In related news, CEO Angela M. Aman acquired 2,797 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were acquired at an average cost of $35.45 per share, for a total transaction of $99,153.65. Following the acquisition, the chief executive officer now directly owns 2,797 shares in the company, valued at approximately $99,153.65. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP John Osmond sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $35.16, for a total transaction of $140,640.00. Following the completion of the transaction, the executive vice president now owns 12,528 shares in the company, valued at $440,484.48. The trade was a 24.20% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.49% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue raised its holdings in Kilroy Realty by 0.4% in the fourth quarter. State of Alaska Department of Revenue now owns 68,456 shares of the real estate investment trust’s stock valued at $2,768,000 after buying an additional 276 shares during the period. Choreo LLC raised its stake in shares of Kilroy Realty by 3.2% during the fourth quarter. Choreo LLC now owns 8,852 shares of the real estate investment trust’s stock valued at $358,000 after purchasing an additional 278 shares during the period. M&T Bank Corp raised its stake in shares of Kilroy Realty by 1.3% during the fourth quarter. M&T Bank Corp now owns 22,889 shares of the real estate investment trust’s stock valued at $926,000 after purchasing an additional 293 shares during the period. US Bancorp DE raised its stake in shares of Kilroy Realty by 3.4% during the fourth quarter. US Bancorp DE now owns 9,680 shares of the real estate investment trust’s stock valued at $392,000 after purchasing an additional 317 shares during the period. Finally, Treasurer of the State of North Carolina raised its stake in shares of Kilroy Realty by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 51,388 shares of the real estate investment trust’s stock valued at $2,079,000 after purchasing an additional 320 shares during the period. Hedge funds and other institutional investors own 94.22% of the company’s stock.

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.