Kilroy Realty Corporation (KRC) Given Average Recommendation of “Hold” by Analysts
Shares of Kilroy Realty Corporation (NYSE:KRC) have been assigned an average rating of “Hold” from the eleven brokerages that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $77.50.
Several research analysts have issued reports on the company. Zacks Investment Research cut Kilroy Realty Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Stifel Nicolaus reiterated a “buy” rating and issued a $77.00 price objective on shares of Kilroy Realty Corporation in a research report on Thursday, September 21st. Goldman Sachs Group, Inc. (The) assumed coverage on Kilroy Realty Corporation in a research report on Tuesday, September 19th. They issued a “neutral” rating and a $70.00 price objective for the company. KeyCorp reissued a “hold” rating on shares of Kilroy Realty Corporation in a report on Friday, August 25th. Finally, Bank of America Corporation lowered Kilroy Realty Corporation from a “buy” rating to a “neutral” rating and lowered their target price for the company from $80.00 to $77.00 in a report on Wednesday, August 16th.
Institutional investors have recently bought and sold shares of the business. Perigon Wealth Management LLC acquired a new stake in Kilroy Realty Corporation in the first quarter valued at $100,000. Invictus RG acquired a new stake in Kilroy Realty Corporation in the first quarter valued at $131,000. Advisor Group Inc. grew its holdings in Kilroy Realty Corporation by 27.8% in the second quarter. Advisor Group Inc. now owns 1,961 shares of the real estate investment trust’s stock valued at $147,000 after purchasing an additional 426 shares during the last quarter. KCG Holdings Inc. acquired a new stake in Kilroy Realty Corporation in the first quarter valued at $218,000. Finally, Quantbot Technologies LP boosted its stake in shares of Kilroy Realty Corporation by 53.8% during the second quarter. Quantbot Technologies LP now owns 3,205 shares of the real estate investment trust’s stock valued at $240,000 after acquiring an additional 1,121 shares during the last quarter. 99.78% of the stock is currently owned by institutional investors.
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Kilroy Realty Corporation (NYSE:KRC) traded down 0.11% during midday trading on Friday, reaching $72.22. 687,396 shares of the company were exchanged. The company has a market capitalization of $7.10 billion, a price-to-earnings ratio of 51.59 and a beta of 0.77. The company has a 50 day moving average of $70.63 and a 200-day moving average of $72.00. Kilroy Realty Corporation has a 52-week low of $66.98 and a 52-week high of $78.33.
Kilroy Realty Corporation (NYSE:KRC) last released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.01. The firm had revenue of $180.60 million during the quarter, compared to analysts’ expectations 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 in the prior year, the business posted $0.86 earnings per share. On average, equities research analysts anticipate that Kilroy Realty Corporation will post $1.26 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 18th. Shareholders of record on Friday, September 29th were issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend was Thursday, September 28th. Kilroy Realty Corporation’s dividend payout ratio (DPR) is 122.30%.
About Kilroy Realty Corporation
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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