Kilroy Realty Corporation (NYSE:KRC) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Kilroy Realty Corporation (NYSE:KRC) have received an average rating of “Hold” from the eleven ratings firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $79.13.
Several equities analysts have weighed in on the company. BidaskClub raised Kilroy Realty Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Deutsche Bank AG lifted their price objective on Kilroy Realty Corporation from $75.00 to $78.00 and gave the company a “hold” rating in a research report on Thursday, May 25th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Kilroy Realty Corporation in a research report on Thursday, July 6th. Finally, Zacks Investment Research downgraded Kilroy Realty Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, April 12th.
Kilroy Realty Corporation (NYSE KRC) traded down 0.34% during trading on Tuesday, reaching $69.33. 384,899 shares of the company’s stock traded hands. The company has a 50 day moving average of $73.97 and a 200 day moving average of $73.65. The firm has a market cap of $6.81 billion, a price-to-earnings ratio of 50.39 and a beta of 0.74. Kilroy Realty Corporation has a one year low of $65.77 and a one year high of $78.33.
Kilroy Realty Corporation (NYSE:KRC) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.01. The company had revenue of $180.60 million during the quarter, compared to the consensus estimate of $178.63 million. Kilroy Realty Corporation had a return on equity of 4.11% and a net margin of 21.75%. Kilroy Realty Corporation’s revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 earnings per share. Equities research analysts predict that Kilroy Realty Corporation will post $1.26 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 12th. Stockholders of record on Friday, June 30th were given a $0.425 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.45%. This is an increase from Kilroy Realty Corporation’s previous quarterly dividend of $0.38. Kilroy Realty Corporation’s payout ratio is currently 122.30%.
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In other Kilroy Realty Corporation news, insider Justin William Smart sold 10,000 shares of the business’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $76.66, for a total transaction of $766,600.00. Following the completion of the sale, the insider now owns 93,017 shares of the company’s stock, valued at $7,130,683.22. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.28% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the stock. Perigon Wealth Management LLC acquired a new position in Kilroy Realty Corporation during the first quarter worth approximately $100,000. Invictus RG acquired a new position in Kilroy Realty Corporation during the first quarter worth approximately $131,000. Quantbot Technologies LP acquired a new position in Kilroy Realty Corporation during the first quarter worth approximately $150,000. Flinton Capital Management LLC increased its position in Kilroy Realty Corporation by 20.5% in the first quarter. Flinton Capital Management LLC now owns 2,912 shares of the real estate investment trust’s stock worth $210,000 after buying an additional 496 shares during the last quarter. Finally, KCG Holdings Inc. acquired a new position in Kilroy Realty Corporation during the first quarter worth approximately $218,000. 99.72% of the stock is owned by hedge funds and other institutional investors.
Kilroy Realty Corporation 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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