Kilroy Realty Corporation (NYSE:KRC) Given Average Recommendation of “Hold” by Brokerages

Shares of Kilroy Realty Corporation (NYSE:KRC) have been assigned a consensus recommendation of “Hold” from the fourteen research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $40.9231.

Several research firms have commented on KRC. Evercore decreased their price objective on shares of Kilroy Realty from $47.00 to $46.00 and set an “in-line” rating on the stock in a report on Friday, November 14th. Jefferies Financial Group upgraded shares of Kilroy Realty from a “hold” rating to a “buy” rating and upped their price target for the company from $33.00 to $45.00 in a research note on Monday, October 13th. Scotiabank cut their price objective on shares of Kilroy Realty from $47.00 to $42.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 14th. Barclays set a $39.00 price objective on Kilroy Realty in a report on Tuesday, January 13th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Kilroy Realty in a research note on Wednesday, January 7th.

Kilroy Realty Stock Up 2.1%

KRC stock opened at $35.03 on Monday. Kilroy Realty has a 1-year low of $27.07 and a 1-year high of $45.03. The business’s 50 day simple moving average is $38.01 and its 200 day simple moving average is $39.95. The company has a current ratio of 2.56, a quick ratio of 2.56 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $4.14 billion, a PE ratio of 12.93 and a beta of 1.10.

Kilroy Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.54 per share. The ex-dividend date was Wednesday, December 31st. This represents a $2.16 annualized dividend and a yield of 6.2%. Kilroy Realty’s dividend payout ratio (DPR) is presently 79.70%.

Hedge Funds Weigh In On Kilroy Realty

A number of hedge funds have recently bought and sold shares of KRC. Royal Bank of Canada raised its stake in Kilroy Realty by 15.7% in the 1st quarter. Royal Bank of Canada now owns 59,424 shares of the real estate investment trust’s stock worth $1,947,000 after purchasing an additional 8,078 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Kilroy Realty by 40.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,192 shares of the real estate investment trust’s stock valued at $2,037,000 after buying an additional 17,848 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Kilroy Realty by 6.5% in the first quarter. Goldman Sachs Group Inc. now owns 861,043 shares of the real estate investment trust’s stock valued at $28,208,000 after buying an additional 52,333 shares during the period. United Services Automobile Association acquired a new stake in Kilroy Realty during the first quarter worth approximately $229,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Kilroy Realty by 0.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 152,846 shares of the real estate investment trust’s stock worth $5,007,000 after acquiring an additional 1,320 shares during the period. 94.22% of the stock is owned by institutional investors.

Kilroy Realty Company Profile

Kilroy Realty Corporation (NYSE: KRC) is a publicly traded real estate investment trust focused on the development, acquisition and management of high‐quality office and mixed‐use properties along the U.S. West Coast. The company’s portfolio encompasses major urban markets including Los Angeles, San Diego, the San Francisco Bay Area and Seattle. Kilroy Realty targets properties in transit‐oriented submarkets, blending workplace space with retail, residential and hospitality amenities to create vibrant, walkable neighborhoods.

Founded in the mid‐20th century by members of the Kilroy family, the company evolved from a regional landlord into one of the leading West Coast office landlords.