Analysts Set Kilroy Realty Co. (NYSE:KRC) Price Target at $38.82

Kilroy Realty Co. (NYSE:KRC) has received an average rating of “Hold” from the eleven analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $38.82.

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company downgraded Kilroy Realty from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $43.00 to $35.00 in a research report on Monday, March 10th. JPMorgan Chase & Co. dropped their price target on Kilroy Realty from $49.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, April 2nd. Evercore ISI reduced their price objective 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. The Goldman Sachs Group restated a “neutral” rating and issued a $36.00 target price (down from $42.00) on shares of Kilroy Realty in a research report on Friday, March 28th. Finally, Barclays upgraded shares of Kilroy Realty from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $42.00 to $44.00 in a research report on Thursday, February 27th.

Insiders Place Their Bets

In other Kilroy Realty news, CEO Angela M. Aman acquired 2,797 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average cost of $35.45 per share, with a total value of $99,153.65. Following the acquisition, the chief executive officer now owns 2,797 shares in the company, valued at approximately $99,153.65. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider A. Robert Paratte sold 6,000 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $34.74, for a total value of $208,440.00. Following the completion of the transaction, the insider now directly owns 86,744 shares of the company’s stock, valued at $3,013,486.56. The trade was a 6.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.49% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of KRC. FMR LLC raised its holdings in shares of Kilroy Realty by 2.2% during the 3rd quarter. FMR LLC now owns 15,201 shares of the real estate investment trust’s stock valued at $588,000 after buying an additional 329 shares in the last quarter. M&T Bank Corp grew its position in Kilroy Realty by 13.0% during the third quarter. M&T Bank Corp now owns 22,596 shares of the real estate investment trust’s stock valued at $875,000 after acquiring an additional 2,594 shares during the last quarter. Coldstream Capital Management Inc. purchased a new position in shares of Kilroy Realty during the third quarter worth approximately $203,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Kilroy Realty in the 3rd quarter worth approximately $34,000. Finally, Versant Capital Management Inc boosted its stake in shares of Kilroy Realty by 14.8% in the 4th quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 336 shares in the last quarter. 94.22% of the stock is owned by institutional investors.

Kilroy Realty Stock Performance

Shares of KRC opened at $31.81 on Tuesday. The company has a market cap of $3.76 billion, a PE ratio of 17.97 and a beta of 1.04. The firm has a 50-day moving average of $33.06 and a 200-day moving average of $37.43. Kilroy Realty has a one year low of $27.07 and a one year high of $43.78. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.21 and a quick ratio of 2.21.

Kilroy Realty (NYSE:KRC) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. As a group, equities analysts forecast that Kilroy Realty will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Monday, March 31st were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.79%. The ex-dividend date was Monday, March 31st. Kilroy Realty’s payout ratio is 122.03%.

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.