Kilroy Realty Corporation (NYSE:KRC) Stock Now Rated “Hold” by Sell-Side Analysts

Shares of Kilroy Realty Corporation (NYSE:KRC) have been assigned a consensus rating of “Hold” from the fifteen research firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $38.54.

A number of brokerages have recently weighed in on KRC. Weiss Ratings lowered shares of Kilroy Realty from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, October 26th. Barclays upped their target price on Kilroy Realty from $31.00 to $38.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st. Scotiabank reduced their target price on Kilroy Realty from $41.00 to $39.00 and set a “sector perform” rating for the company in a research note on Thursday, September 17th. Citigroup lifted their price target on Kilroy Realty from $34.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Finally, JPMorgan Chase & Co. dropped their price target on Kilroy Realty from $40.00 to $39.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 21st.

Kilroy Realty Price Performance

Shares of KRC stock opened at $35.82 on Wednesday. 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 capitalization of $4.17 billion, a price-to-earnings ratio of 149.27 and a beta of 1.17. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.72 and a current ratio of 1.72. The stock’s 50-day simple moving average is $35.10 and its 200-day simple moving average is $34.52.

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 the consensus estimate of $0.13. The firm had revenue of $271.60 million during the quarter, compared to analyst estimates of $268.02 million. Kilroy Realty had a net margin of 2.63% and a return on equity of 0.52%. Kilroy Realty’s revenue was down 2.9% on a year-over-year basis. During the same period last year, the firm posted $1.08 EPS. As a group, equities analysts forecast that Kilroy Realty will post 3.58 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 13th. Investors of record on Thursday, December 31st will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 6.0%. The ex-dividend date is Thursday, December 31st. Kilroy Realty’s dividend payout ratio is 900.00%.

Institutional Trading of Kilroy Realty

Several institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of Kilroy Realty during the second quarter worth $581,003,000. Route One Investment Company L.P. acquired a new position in Kilroy Realty during the second quarter valued at $159,181,000. Rush Island Management LP boosted its holdings in Kilroy Realty by 84.5% in the first quarter. Rush Island Management LP now owns 4,860,742 shares of the real estate investment trust’s stock valued at $137,122,000 after purchasing an additional 2,226,821 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Kilroy Realty by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,717,068 shares of the real estate investment trust’s stock valued at $48,440,000 after purchasing an additional 56,817 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in Kilroy Realty by 118.1% in the first quarter. Bank of America Corp DE now owns 1,621,580 shares of the real estate investment trust’s stock valued at $45,745,000 after purchasing an additional 877,907 shares during the last quarter. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Kilroy Realty Company Profile

Kilroy Realty Corporation is a real estate investment trust that owns, develops and operates office and life science properties. Its portfolio includes workplaces and research facilities designed to serve businesses in technology, media, entertainment and the life sciences. The company focuses on major coastal markets, including the San Francisco Bay Area, Los Angeles, San Diego and Seattle, as well as Austin, Texas. Its properties include office buildings, laboratory space and mixed-use developments.