Shares of Kilroy Realty Corp (NYSE:KRC) have been assigned an average recommendation of “Hold” from the ten research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $77.29.
Several research analysts have recently weighed in on the company. Zacks Investment Research upgraded Kilroy Realty from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. JPMorgan Chase & Co. cut Kilroy Realty from an “overweight” rating to a “neutral” rating and set a $79.00 target price on the stock. in a report on Friday, December 15th. Stifel Nicolaus restated a “buy” rating and set a $77.00 target price on shares of Kilroy Realty in a report on Thursday, September 21st. Finally, Goldman Sachs Group assumed coverage on Kilroy Realty in a report on Tuesday, September 19th. They set a “neutral” rating and a $70.00 target price on the stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in KRC. Bank of New York Mellon Corp lifted its holdings in Kilroy Realty by 148.1% in the third quarter. Bank of New York Mellon Corp now owns 3,745,076 shares of the real estate investment trust’s stock valued at $266,350,000 after acquiring an additional 2,235,377 shares during the last quarter. Long Pond Capital LP acquired a new position in Kilroy Realty in the third quarter valued at approximately $58,103,000. Principal Financial Group Inc. lifted its holdings in Kilroy Realty by 17.8% in 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 acquiring an additional 602,993 shares during the last quarter. Standard Life Investments LTD acquired a new position in Kilroy Realty in the second quarter valued at approximately $42,070,000. Finally, Prudential Financial Inc. lifted its holdings in Kilroy Realty by 835.8% in the third quarter. Prudential Financial Inc. now owns 580,802 shares of the real estate investment trust’s stock valued at $41,307,000 after acquiring an additional 518,739 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.
Kilroy Realty (NYSE:KRC) last issued its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.19). The company had revenue of $181.50 million for the quarter, compared to analyst estimates of $179.03 million. Kilroy Realty had a return on equity of 4.44% and a net margin of 23.77%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.92 earnings per share. research analysts forecast that Kilroy Realty will post 3.52 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Thursday, December 28th. Kilroy Realty’s dividend payout ratio is presently 111.84%.
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Kilroy Realty 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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