Kilroy Realty (NYSE:KRC) Given New $39.00 Price Target at JPMorgan Chase & Co.

Kilroy Realty (NYSE:KRC) had its price target reduced by JPMorgan Chase & Co. from $40.00 to $39.00 in a research note published on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the real estate investment trust’s stock.

Several other equities research analysts have also commented on KRC. Needham & Company LLC reissued a “buy” rating on shares of Kilroy Realty in a report on Monday, June 8th. Evercore upgraded Kilroy Realty from an “in-line” rating to an “outperform” rating and set a $42.00 price target on the stock in a research note on Monday, June 8th. Scotiabank boosted their target price on Kilroy Realty from $37.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 21st. Bank of America upgraded Kilroy Realty from a “neutral” rating to a “buy” rating and increased their price objective for the company from $42.00 to $44.00 in a report on Tuesday, June 16th. Finally, BMO Capital Markets boosted their price target on shares of Kilroy Realty from $34.00 to $38.00 and gave the company a “market perform” rating in a research report on Monday, June 15th. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Kilroy Realty has an average rating of “Hold” and an average price target of $38.87.

Kilroy Realty Price Performance

NYSE KRC opened at $39.60 on Tuesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.09 and a quick ratio of 2.09. Kilroy Realty has a 1 year low of $27.36 and a 1 year high of $45.03. The company has a market cap of $4.60 billion, a price-to-earnings ratio of 21.76 and a beta of 1.12. The stock’s fifty day moving average price is $37.06 and its 200 day moving average price is $34.08.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings results on Monday, April 27th. The real estate investment trust reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.30). The business had revenue of $270.05 million during the quarter, compared to analyst estimates of $263.08 million. Kilroy Realty had a return on equity of 3.89% and a net margin of 19.59%.Kilroy Realty’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter last year, the company posted $1.02 EPS. Kilroy Realty has set its FY 2026 guidance at 3.490-3.630 EPS. As a group, equities research analysts forecast that Kilroy Realty will post 3.59 earnings per share for the current year.

Kilroy Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend was Tuesday, June 30th. Kilroy Realty’s dividend payout ratio is currently 118.68%.

Insider Buying and Selling

In related news, President Justin William Smart sold 10,848 shares of Kilroy Realty stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $38.71, for a total transaction of $419,926.08. Following the sale, the president owned 519,872 shares of the company’s stock, valued at $20,124,245.12. The trade was a 2.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Lauren N. Stadler sold 3,000 shares of Kilroy Realty stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $34.65, for a total value of $103,950.00. Following the completion of the transaction, the insider owned 15,456 shares of the company’s stock, valued at $535,550.40. This trade represents a 16.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 29,648 shares of company stock valued at $1,120,958. Insiders own 0.83% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. boosted its position in 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 valued at $195,396,000 after purchasing an additional 994,299 shares during the period. Situational Awareness LP bought a new position in shares of Kilroy Realty in the fourth quarter valued at approximately $49,616,000. Nan Fung Trinity HK Ltd. grew its position in Kilroy Realty by 172.4% in the fourth quarter. Nan Fung Trinity HK Ltd. now owns 210,800 shares of the real estate investment trust’s stock worth $7,878,000 after buying an additional 133,400 shares during the last quarter. Ritholtz Wealth Management purchased a new stake in Kilroy Realty in the 4th quarter worth about $671,000. Finally, Wolverine Asset Management LLC bought a new stake in Kilroy Realty in the fourth quarter worth approximately $5,095,000. 94.22% of the stock is owned by institutional investors and hedge funds.

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.