Kilroy Realty Co. (NYSE:KRC – Free Report) – Investment analysts at KeyCorp issued their Q1 2024 EPS estimates for Kilroy Realty in a report issued on Monday, September 11th. KeyCorp analyst U. Rana anticipates that the real estate investment trust will earn $1.11 per share for the quarter. KeyCorp currently has a “Overweight” rating and a $47.00 target price on the stock. The consensus estimate for Kilroy Realty’s current full-year earnings is $4.52 per share. KeyCorp also issued estimates for Kilroy Realty’s Q2 2024 earnings at $1.12 EPS, Q3 2024 earnings at $1.11 EPS, Q4 2024 earnings at $1.12 EPS and FY2024 earnings at $4.46 EPS.
KRC has been the topic of a number of other reports. Bank of America cut Kilroy Realty from a “buy” rating to a “neutral” rating in a report on Tuesday, August 8th. Royal Bank of Canada cut their price objective on shares of Kilroy Realty from $45.00 to $40.00 in a research note on Tuesday, May 30th. Wells Fargo & Company increased their target price on shares of Kilroy Realty from $36.00 to $39.00 and gave the company an “overweight” rating in a report on Wednesday, August 30th. StockNews.com began coverage on shares of Kilroy Realty in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Finally, Citigroup raised their price objective on Kilroy Realty from $29.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, August 10th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $43.23.
Kilroy Realty Price Performance
Shares of NYSE:KRC opened at $35.23 on Wednesday. Kilroy Realty has a one year low of $25.99 and a one year high of $50.58. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.21 and a quick ratio of 2.21. The firm has a market capitalization of $4.13 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 7.38 and a beta of 0.91. The company’s fifty day moving average price is $35.23 and its 200-day moving average price is $31.89.
Kilroy Realty Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 11th. Investors of record on Friday, September 29th will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.13%. Kilroy Realty’s dividend payout ratio is presently 103.85%.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in Kilroy Realty in the fourth quarter worth about $350,235,000. Federated Hermes Inc. raised its position in shares of Kilroy Realty by 6,050.9% in the 1st quarter. Federated Hermes Inc. now owns 1,199,601 shares of the real estate investment trust’s stock worth $38,867,000 after acquiring an additional 1,180,098 shares in the last quarter. Senvest Management LLC purchased a new position in shares of Kilroy Realty in the 4th quarter valued at approximately $43,495,000. Millennium Management LLC lifted its stake in shares of Kilroy Realty by 90.5% in the 4th quarter. Millennium Management LLC now owns 2,230,415 shares of the real estate investment trust’s stock valued at $86,250,000 after purchasing an additional 1,059,563 shares during the period. Finally, State Street Corp boosted its position in shares of Kilroy Realty by 15.1% during the first quarter. State Street Corp now owns 6,174,949 shares of the real estate investment trust’s stock valued at $475,035,000 after purchasing an additional 811,897 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors.
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, the Pacific Northwest and Austin, Texas. The company has earned global recognition for sustainability, building operations, innovation and design.
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