Kilroy Realty Corporation (NYSE:KRC) Receives $42.00 Average Price Target from Analysts

Kilroy Realty Corporation (NYSE:KRC) has received a consensus recommendation of “Hold” from the thirteen ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $42.00.

Several equities analysts recently issued reports on KRC shares. Wells Fargo & Company increased their target price on Kilroy Realty from $40.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Tuesday. New Street Research set a $45.00 price objective on shares of Kilroy Realty in a research note on Monday, October 13th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $44.00 price objective (down previously from $46.00) on shares of Kilroy Realty in a report on Friday, October 17th. Jefferies Financial Group raised shares of Kilroy Realty from a “hold” rating to a “buy” rating and upped their target price for the stock from $33.00 to $45.00 in a research note on Monday, October 13th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Kilroy Realty in a research note on Monday.

Institutional Investors Weigh In On Kilroy Realty

Hedge funds and other institutional investors have recently modified their holdings of the company. American National Bank & Trust acquired a new position in shares of Kilroy Realty during the second quarter worth $25,000. Quaker Wealth Management LLC lifted its holdings in Kilroy Realty by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 755 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 1,510 shares during the last quarter. Westside Investment Management Inc. boosted its position in shares of Kilroy Realty by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 618 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 309 shares in the last quarter. Wiser Advisor Group LLC acquired a new position in shares of Kilroy Realty during the 3rd quarter worth about $32,000. Finally, Harbor Asset Planning Inc. purchased a new position in shares of Kilroy Realty in the 2nd quarter valued at about $34,000. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Kilroy Realty Stock Performance

NYSE:KRC opened at $42.89 on Wednesday. Kilroy Realty has a fifty-two week low of $27.07 and a fifty-two week high of $45.03. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.35 and a current ratio of 2.56. The company has a 50 day moving average price of $41.82 and a 200 day moving average price of $38.67. The stock has a market capitalization of $5.07 billion, a P/E ratio of 15.83 and a beta of 1.22.

Kilroy Realty (NYSE:KRC) last announced its earnings results on Monday, October 27th. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. Kilroy Realty had a return on equity of 5.75% and a net margin of 28.68%.The company had revenue of $279.74 million for the quarter, compared to analyst estimates of $271.24 million. During the same quarter in the previous year, the company earned $1.17 earnings per share. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. Kilroy Realty has set its FY 2025 guidance at 4.180-4.240 EPS. Equities research analysts forecast that Kilroy Realty will post 4 EPS for the current year.

Kilroy Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Wednesday, December 31st. Kilroy Realty’s payout ratio is presently 79.70%.

About Kilroy Realty

Kilroy Realty Corporation (NYSE: KRC, the company, Kilroy) is a leading U.S. landlord and developer, with operations in San Diego, Greater Los Angeles, the San Francisco Bay Area, Greater Seattle and Austin. The company has earned global recognition for sustainability, building operations, innovation and design.