Kilroy Realty Corp’s (KRC) Hold Rating Reaffirmed at Deutsche Bank AG
Kilroy Realty Corp (NYSE:KRC)‘s stock had its “hold” rating reiterated by analysts at Deutsche Bank AG in a research note issued on Thursday. They presently have a $78.00 target price on the real estate investment trust’s stock, up from their previous target price of $75.00. Deutsche Bank AG’s price target would suggest a potential upside of 5.76% from the company’s previous close.
Several other equities analysts have also issued reports on the company. Zacks Investment Research lowered Kilroy Realty Corp from a “hold” rating to a “sell” rating in a research report on Wednesday, April 12th. BMO Capital Markets restated a “buy” rating and set a $82.00 price target on shares of Kilroy Realty Corp in a research note on Wednesday, April 5th. Finally, Evercore ISI upgraded Kilroy Realty Corp from an “underperform” rating to an “in-line” rating and set a $76.00 price target for the company in a research note on Tuesday, March 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $78.83.
Kilroy Realty Corp (NYSE:KRC) traded down 0.87% on Thursday, hitting $73.75. 472,537 shares of the company were exchanged. The stock has a 50 day moving average of $72.51 and a 200 day moving average of $73.29. The company has a market capitalization of $7.18 billion, a price-to-earnings ratio of 53.06 and a beta of 0.77. Kilroy Realty Corp has a 52 week low of $60.89 and a 52 week high of $78.33.
Kilroy Realty Corp (NYSE:KRC) last announced its quarterly earnings data on Wednesday, April 26th. The real estate investment trust reported $0.26 EPS for the quarter, missing the consensus estimate of $0.85 by $0.59. The firm had revenue of $179.30 million for the quarter, compared to analysts’ expectations of $172.26 million. Kilroy Realty Corp had a net margin of 45.72% and a return on equity of 8.72%. The business’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.82 EPS. Analysts predict that Kilroy Realty Corp will post $1.32 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 12th. Investors of record on Friday, June 30th will be issued a $0.425 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This is a boost from Kilroy Realty Corp’s previous quarterly dividend of $0.38. This represents a $1.70 dividend on an annualized basis and a yield of 2.31%. Kilroy Realty Corp’s payout ratio is currently 50.34%.
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A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Invictus RG acquired a new position in Kilroy Realty Corp during the first quarter worth approximately $131,000. Quantbot Technologies LP acquired a new position in Kilroy Realty Corp during the first quarter worth approximately $150,000. Flinton Capital Management LLC acquired a new position in Kilroy Realty Corp during the fourth quarter worth approximately $177,000. Harvest Fund Management Co. Ltd acquired a new position in Kilroy Realty Corp during the fourth quarter worth approximately $185,000. Finally, KCG Holdings Inc. acquired a new position in Kilroy Realty Corp during the first quarter worth approximately $218,000. 99.92% of the stock is currently owned by institutional investors.
Kilroy Realty Corp Company Profile
Kilroy Realty Corporation is a real estate investment trust (REIT). The Company operates through the office properties segment. It operates in office and mixed-use submarkets along the West Coast. 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.
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