Kilroy Realty Co. (NYSE:KRC) Given Consensus Recommendation of “Buy” by Analysts

Kilroy Realty Co. (NYSE:KRCGet Rating) has been given a consensus recommendation of “Buy” by the nine research firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $80.13.

A number of brokerages have issued reports on KRC. Zacks Investment Research raised shares of Kilroy Realty from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a report on Tuesday, January 11th. StockNews.com began coverage on shares of Kilroy Realty in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Bank of America raised shares of Kilroy Realty from a “neutral” rating to a “buy” rating and raised their target price for the stock from $82.00 to $83.00 in a report on Friday, February 25th. Finally, Mizuho raised shares of Kilroy Realty from a “neutral” rating to a “buy” rating and raised their target price for the stock from $71.00 to $77.00 in a report on Thursday, January 20th.

In other news, insider A. Robert Paratte sold 3,425 shares of the stock in a transaction on Wednesday, March 9th. The stock was sold at an average price of $73.28, for a total value of $250,984.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.83% of the company’s stock.

A number of hedge funds have recently made changes to their positions in KRC. Norges Bank bought a new position in Kilroy Realty during the fourth quarter valued at about $601,929,000. Lasalle Investment Management Securities LLC lifted its holdings in shares of Kilroy Realty by 2,091.3% during the fourth quarter. Lasalle Investment Management Securities LLC now owns 773,542 shares of the real estate investment trust’s stock valued at $51,410,000 after purchasing an additional 738,242 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Kilroy Realty by 425.4% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 789,776 shares of the real estate investment trust’s stock valued at $52,489,000 after purchasing an additional 639,450 shares during the last quarter. Oaktree Capital Management LP lifted its holdings in shares of Kilroy Realty by 68.7% during the third quarter. Oaktree Capital Management LP now owns 1,535,011 shares of the real estate investment trust’s stock valued at $101,633,000 after purchasing an additional 625,000 shares during the last quarter. Finally, Ranger Global Real Estate Advisors LLC lifted its holdings in shares of Kilroy Realty by 179.1% during the third quarter. Ranger Global Real Estate Advisors LLC now owns 863,361 shares of the real estate investment trust’s stock valued at $57,163,000 after purchasing an additional 553,973 shares during the last quarter. 91.47% of the stock is owned by institutional investors and hedge funds.

NYSE:KRC traded up $0.17 during mid-day trading on Monday, reaching $72.91. The stock had a trading volume of 13,753 shares, compared to its average volume of 722,862. The stock has a market cap of $8.51 billion, a P/E ratio of 13.65, a price-to-earnings-growth ratio of 2.22 and a beta of 0.74. Kilroy Realty has a 1-year low of $60.37 and a 1-year high of $79.06. The business has a 50 day simple moving average of $72.08. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.72.

Kilroy Realty (NYSE:KRCGet Rating) last issued its earnings results on Monday, January 31st. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.46). Kilroy Realty had a return on equity of 11.03% and a net margin of 65.77%. During the same quarter in the prior year, the firm posted $0.95 earnings per share. As a group, analysts predict that Kilroy Realty will post 4.44 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 13th. Stockholders of record on Thursday, March 31st will be paid a $0.52 dividend. The ex-dividend date is Wednesday, March 30th. This represents a $2.08 annualized dividend and a dividend yield of 2.85%. Kilroy Realty’s payout ratio is 38.81%.

Kilroy Realty Company Profile (Get Rating)

Kilroy Realty Corp. operates as a self-administered real estate investment trust, which engages in the development, acquisition, and management of office and mixed-use real estate assets. 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.

Further Reading

Analyst Recommendations for Kilroy Realty (NYSE:KRC)

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