Shares of Kilroy Realty Corp (NYSE:KRC) have been assigned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $80.60.
Several analysts recently weighed in on the stock. ValuEngine cut shares of Zions Bancorporation NA from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Deutsche Bank cut their price target on shares of Vornado Realty Trust from $80.00 to $73.00 and set a “hold” rating on the stock in a report on Wednesday, April 10th.
Shares of NYSE KRC traded down $0.03 during mid-day trading on Tuesday, hitting $76.93. The stock had a trading volume of 433,671 shares, compared to its average volume of 446,363. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.72. Kilroy Realty has a 1 year low of $59.05 and a 1 year high of $78.98. The business’s 50 day moving average price is $75.53. The stock has a market capitalization of $7.77 billion, a price-to-earnings ratio of 22.11, a P/E/G ratio of 2.85 and a beta of 0.77.
Kilroy Realty (NYSE:KRC) last issued its earnings results on Monday, May 6th. The real estate investment trust reported $0.36 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.56). The firm had revenue of $201.20 million during the quarter, compared to analysts’ expectations of $190.73 million. Kilroy Realty had a return on equity of 6.27% and a net margin of 33.84%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.94 earnings per share. On average, sell-side analysts predict that Kilroy Realty will post 3.73 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 17th. Investors of record on Friday, June 28th will be issued a $0.485 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.94 annualized dividend and a yield of 2.52%. This is a boost from Kilroy Realty’s previous quarterly dividend of $0.46. Kilroy Realty’s payout ratio is 55.75%.
In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 1,500 shares of the business’s stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of $78.00, for a total value of $117,000.00. Following the completion of the transaction, the chief accounting officer now owns 8,120 shares of the company’s stock, valued at approximately $633,360. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jolie A. Hunt sold 4,434 shares of the stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $75.02, for a total value of $332,638.68. Following the sale, the director now owns 4,099 shares in the company, valued at approximately $307,506.98. The disclosure for this sale can be found here. Insiders own 2.26% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in KRC. Hanson & Doremus Investment Management purchased a new stake in shares of Kilroy Realty in the first quarter valued at approximately $52,000. Piedmont Investment Advisors Inc. purchased a new stake in Kilroy Realty in the first quarter valued at $207,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Kilroy Realty in the 1st quarter valued at $219,000. Cigna Investments Inc. New purchased a new stake in shares of Kilroy Realty in the 1st quarter valued at $221,000. Finally, Brinker Capital Inc. acquired a new position in shares of Kilroy Realty during the 1st quarter worth about $270,000. Institutional investors and hedge funds own 96.67% of the company’s stock.
About Kilroy Realty
Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast's premier landlords. The company has over 70 years of experience developing, acquiring and managing office and mixed-use real estate assets. The company provides physical work environments that foster creativity and productivity and serves a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies.
Further Reading: Cash Asset Ratio
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