Kilroy Realty Corporation (NYSE:KRC) Given Average Rating of “Reduce” by Brokerages

Shares of Kilroy Realty Corporation (NYSE:KRC) have been assigned an average recommendation of “Reduce” from the twelve analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $38.8182.

A number of equities analysts have recently issued reports on KRC shares. Mizuho reduced their price target on Kilroy Realty from $43.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, July 14th. Zacks Research raised Kilroy Realty to a “hold” rating in a research report on Friday, August 8th. Wells Fargo & Company upped their target price on Kilroy Realty from $33.00 to $40.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 27th. JPMorgan Chase & Co. cut their target price on Kilroy Realty from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 2nd. Finally, Scotiabank upped their price target on shares of Kilroy Realty from $37.00 to $40.00 and gave the company a “sector underperform” rating in a report on Thursday, August 28th.

Kilroy Realty Stock Performance

Shares of NYSE:KRC opened at $44.22 on Friday. The company has a market capitalization of $5.23 billion, a price-to-earnings ratio of 24.03 and a beta of 1.26. Kilroy Realty has a 52 week low of $27.07 and a 52 week high of $44.34. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.82. The firm has a 50 day moving average of $39.13 and a 200 day moving average of $35.11.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.12. The business had revenue of $289.89 million for the quarter, compared to the consensus estimate of $268.84 million. Kilroy Realty had a return on equity of 3.92% and a net margin of 19.29%.The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.10 earnings per share. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. On average, sell-side analysts predict that Kilroy Realty will post 4 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Tuesday, September 30th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Tuesday, September 30th. Kilroy Realty’s dividend payout ratio is presently 117.39%.

Insider Activity

In other news, EVP Eliott Trencher sold 3,997 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $38.05, for a total transaction of $152,085.85. Following the sale, the executive vice president directly owned 43,826 shares of the company’s stock, valued at $1,667,579.30. This represents a 8.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $38.28, for a total transaction of $239,250.00. Following the sale, the chief accounting officer directly owned 26,435 shares in the company, valued at approximately $1,011,931.80. The trade was a 19.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.49% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nissay Asset Management Corp Japan ADV raised its holdings in Kilroy Realty by 2.4% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 15,632 shares of the real estate investment trust’s stock valued at $512,000 after acquiring an additional 369 shares during the last quarter. US Bancorp DE raised its holdings in Kilroy Realty by 4.1% in the 1st quarter. US Bancorp DE now owns 10,077 shares of the real estate investment trust’s stock valued at $330,000 after acquiring an additional 397 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Kilroy Realty by 7.8% during the 1st quarter. Parallel Advisors LLC now owns 5,539 shares of the real estate investment trust’s stock worth $181,000 after buying an additional 401 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Kilroy Realty by 36.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,888 shares of the real estate investment trust’s stock worth $65,000 after buying an additional 502 shares during the last quarter. Finally, Intrua Financial LLC increased its holdings in shares of Kilroy Realty by 8.3% during the 1st quarter. Intrua Financial LLC now owns 6,722 shares of the real estate investment trust’s stock worth $220,000 after buying an additional 513 shares during the last quarter. 94.22% of the stock is owned by hedge funds and other institutional investors.

Kilroy Realty Company Profile

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.