Kilroy Realty (NYSE:KRC) Stock Gets Price Target Trim from Wells Fargo & Company

Kilroy Realty (NYSE:KRC) had its price target cut by Wells Fargo & Company from $38.00 to $36.00 in a research note released on Monday,Benzinga reports. They currently have an equal weight rating on the real estate investment trust’s stock.

KRC has been the subject of a number of other research reports. Citigroup upped their price objective on shares of Kilroy Realty from $34.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Wall Street Zen upgraded shares of Kilroy Realty from a “sell” rating to a “hold” rating in a report on Saturday, October 31st. Weiss Ratings cut shares of Kilroy Realty from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, October 26th. JPMorgan Chase & Co. lowered their target price on shares of Kilroy Realty from $40.00 to $39.00 and set a “neutral” rating for the company in a report on Tuesday, July 21st. Finally, Mizuho boosted their target price on shares of Kilroy Realty from $29.00 to $34.00 and gave the company an “underperform” rating in a report on Tuesday, July 21st. Four research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Kilroy Realty has a consensus rating of “Hold” and an average target price of $38.54.

Kilroy Realty Trading Up 4.9%

Shares of Kilroy Realty stock opened at $37.81 on Monday. Kilroy Realty has a fifty-two week low of $27.36 and a fifty-two week high of $43.58. The firm has a market cap of $4.40 billion, a PE ratio of 9.79 and a beta of 1.17. The business’s fifty day moving average is $35.13 and its two-hundred day moving average is $34.53. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.81.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings data on Thursday, October 22nd. The real estate investment trust reported $0.13 EPS for the quarter, meeting analysts’ consensus estimates of $0.13. The business had revenue of $271.60 million during the quarter, compared to the consensus estimate of $268.02 million. Kilroy Realty had a return on equity of 0.52% and a net margin of 2.63%. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.08 earnings per share. Analysts anticipate that Kilroy Realty will post 3.58 earnings per share for the current year.

Kilroy Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th were paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 5.7%. The ex-dividend date was Wednesday, September 30th. Kilroy Realty’s payout ratio is currently 900.00%.

Institutional Investors Weigh In On Kilroy Realty

Several large investors have recently made changes to their positions in the business. AlphaCore Capital LLC lifted its holdings in Kilroy Realty by 72.0% in the 3rd quarter. AlphaCore Capital LLC now owns 9,365 shares of the real estate investment trust’s stock worth $316,000 after buying an additional 3,921 shares in the last quarter. Retirement Systems of Alabama boosted its position in Kilroy Realty by 8.4% in the 3rd quarter. Retirement Systems of Alabama now owns 119,967 shares of the real estate investment trust’s stock valued at $3,991,000 after buying an additional 9,322 shares during the last quarter. Fulcrum Asset Management LLP boosted its position in Kilroy Realty by 91.0% in the 3rd quarter. Fulcrum Asset Management LLP now owns 7,028 shares of the real estate investment trust’s stock valued at $238,000 after buying an additional 3,348 shares during the last quarter. Ethic Inc. boosted its position in Kilroy Realty by 123.5% in the 3rd quarter. Ethic Inc. now owns 31,601 shares of the real estate investment trust’s stock valued at $1,051,000 after buying an additional 17,462 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Kilroy Realty during the third quarter valued at about $902,000. Institutional investors and hedge funds own 94.22% of the company’s stock.

Kilroy Realty Company Profile

Kilroy Realty Corporation (NYSE: KRC) is a real estate investment trust that owns, develops, acquires and manages office, life science and mixed-use properties. Its portfolio is primarily designed for businesses in technology, life science, entertainment, media and other knowledge-based industries.

The company’s properties are concentrated in major innovation and employment centers on the U.S. West Coast, including the San Francisco Bay Area, Los Angeles, San Diego and Seattle. Kilroy has also developed and operated mixed-use projects that combine office space with retail, residential and public amenities.

Founded in 1947, Kilroy Realty has developed into a prominent owner and operator of commercial real estate in coastal U.S.