Kilroy Realty Corporation (KRC) Given Consensus Recommendation of “Hold” by Analysts
Kilroy Realty Corporation (NYSE:KRC) has been assigned a consensus recommendation of “Hold” from the eleven analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $77.50.
Several brokerages have recently weighed in on KRC. Evercore ISI upgraded Kilroy Realty Corporation from an “in-line” rating to an “outperform” rating and set a $78.00 price objective for the company in a report on Monday, August 14th. Stifel Nicolaus restated a “buy” rating and issued a $77.00 price objective on shares of Kilroy Realty Corporation in a report on Thursday, September 21st. Zacks Investment Research lowered Kilroy Realty Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. BidaskClub upgraded Kilroy Realty Corporation from a “strong sell” rating to a “sell” rating in a report on Monday, August 14th. Finally, Bank of America Corporation lowered Kilroy Realty Corporation from a “buy” rating to a “neutral” rating and cut their price objective for the company from $80.00 to $77.00 in a report on Wednesday, August 16th.
Shares of Kilroy Realty Corporation (KRC) traded down $1.22 during mid-day trading on Thursday, reaching $72.75. The company’s stock had a trading volume of 451,000 shares, compared to its average volume of 566,366. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.63. Kilroy Realty Corporation has a one year low of $67.00 and a one year high of $78.33. The firm has a market cap of $7,280.00, a price-to-earnings ratio of 21.57, a PEG ratio of 2.92 and a beta of 0.77.
Kilroy Realty Corporation (NYSE:KRC) last announced its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.19). Kilroy Realty Corporation had a return on equity of 4.44% and a net margin of 23.77%. The business had revenue of $181.50 million for the quarter, compared to analyst estimates of $179.03 million. During the same quarter last year, the firm posted $0.92 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. analysts predict that Kilroy Realty Corporation will post 3.52 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 18th. Stockholders of record on Friday, September 29th were issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend was Thursday, September 28th. Kilroy Realty Corporation’s dividend payout ratio is 111.84%.
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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Kilroy Realty Corporation by 2.7% during the second quarter. Vanguard Group Inc. now owns 15,346,920 shares of the real estate investment trust’s stock valued at $1,153,321,000 after purchasing an additional 406,523 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Kilroy Realty Corporation by 1.4% during the second quarter. BlackRock Inc. now owns 11,298,274 shares of the real estate investment trust’s stock valued at $849,067,000 after purchasing an additional 151,580 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Kilroy Realty Corporation by 6.5% during the second quarter. Daiwa Securities Group Inc. now owns 4,678,028 shares of the real estate investment trust’s stock valued at $351,554,000 after purchasing an additional 285,640 shares during the last quarter. State Street Corp lifted its holdings in shares of Kilroy Realty Corporation by 0.6% during the second quarter. State Street Corp now owns 4,279,346 shares of the real estate investment trust’s stock valued at $321,602,000 after purchasing an additional 27,475 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Kilroy Realty Corporation by 17.8% during the third quarter. Principal Financial Group Inc. now owns 3,996,409 shares of the real estate investment trust’s stock valued at $284,224,000 after purchasing an additional 602,993 shares during the last quarter. 99.81% of the stock is owned by institutional investors and hedge funds.
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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