Kilroy Realty Corporation (NYSE:KRC) Given Consensus Rating of “Hold” by Brokerages

Kilroy Realty Corporation (NYSE:KRC) has received an average recommendation of “Hold” from the fourteen brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $40.9231.

A number of equities analysts have weighed in on KRC shares. KeyCorp reaffirmed a “sector weight” rating on shares of Kilroy Realty in a research report on Thursday, December 4th. Evercore cut their price objective on shares of Kilroy Realty from $47.00 to $46.00 and set an “in-line” rating on the stock in a research report on Friday, November 14th. Scotiabank reduced their target price on shares of Kilroy Realty from $47.00 to $42.00 and set a “sector perform” rating for the company in a report on Wednesday, January 14th. Barclays set a $39.00 price target on shares of Kilroy Realty in a research note on Tuesday, January 13th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Kilroy Realty in a research report on Monday, December 29th.

Institutional Investors Weigh In On Kilroy Realty

A number of institutional investors and hedge funds have recently made changes to their positions in KRC. Norges Bank acquired a new position in Kilroy Realty during the second quarter worth $310,746,000. State Street Corp grew its position in shares of Kilroy Realty by 1.2% in the 2nd quarter. State Street Corp now owns 5,841,917 shares of the real estate investment trust’s stock valued at $203,514,000 after acquiring an additional 67,546 shares during the period. Principal Financial Group Inc. increased its stake in shares of Kilroy Realty by 23.5% during the 4th quarter. Principal Financial Group Inc. now owns 5,228,666 shares of the real estate investment trust’s stock worth $195,396,000 after purchasing an additional 994,299 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Kilroy Realty by 0.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 3,578,185 shares of the real estate investment trust’s stock valued at $151,178,000 after purchasing an additional 15,193 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Kilroy Realty by 3.8% in the 3rd quarter. Northern Trust Corp now owns 3,149,816 shares of the real estate investment trust’s stock valued at $133,080,000 after purchasing an additional 115,047 shares during the period. Institutional investors own 94.22% of the company’s stock.

Kilroy Realty Trading Up 2.1%

Shares of NYSE:KRC opened at $35.03 on Monday. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of 12.93 and a beta of 1.10. Kilroy Realty has a 12 month low of $27.07 and a 12 month high of $45.03. The company’s fifty day simple moving average is $38.01 and its 200 day simple moving average is $39.95. The company has a quick ratio of 2.56, a current ratio of 2.56 and a debt-to-equity ratio of 0.81.

Kilroy Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 31st were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date was Wednesday, December 31st. Kilroy Realty’s dividend payout ratio (DPR) is currently 79.70%.

About Kilroy Realty

Kilroy Realty Corporation (NYSE: KRC) is a publicly traded real estate investment trust focused on the development, acquisition and management of high‐quality office and mixed‐use properties along the U.S. West Coast. The company’s portfolio encompasses major urban markets including Los Angeles, San Diego, the San Francisco Bay Area and Seattle. Kilroy Realty targets properties in transit‐oriented submarkets, blending workplace space with retail, residential and hospitality amenities to create vibrant, walkable neighborhoods.

Founded in the mid‐20th century by members of the Kilroy family, the company evolved from a regional landlord into one of the leading West Coast office landlords.