Wall Street Zen upgraded shares of Kilroy Realty (NYSE:KRC – Free Report) from a sell rating to a hold rating in a report released on Saturday,Wall Street Zen reports.
KRC has been the subject of a number of other reports. Citigroup raised their price objective on shares of Kilroy Realty from $34.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. decreased their target price on shares of Kilroy Realty from $40.00 to $39.00 and set a “neutral” rating for the company in a report on Tuesday, July 21st. Scotiabank dropped their target price on shares of Kilroy Realty from $41.00 to $39.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 17th. Mizuho increased their price target on shares of Kilroy Realty from $29.00 to $34.00 and gave the company an “underperform” rating in a report on Tuesday, July 21st. Finally, Wells Fargo & Company raised their price target on shares of Kilroy Realty from $33.00 to $38.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 1st. Four analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $38.54.
Read Our Latest Analysis on KRC
Kilroy Realty Trading Up 1.3%
NYSE KRC opened at $36.54 on Friday. Kilroy Realty has a 12 month low of $27.36 and a 12 month high of $43.58. The company has a current ratio of 1.72, a quick ratio of 2.65 and a debt-to-equity ratio of 0.81. The stock’s fifty day moving average price is $35.13 and its 200-day moving average price is $34.54. The stock has a market cap of $4.25 billion, a P/E ratio of 9.66 and a beta of 1.16.
Kilroy Realty (NYSE:KRC – Get Free Report) last posted its quarterly earnings results on Thursday, October 22nd. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. The firm had revenue of $271.60 million during the quarter, compared to analyst estimates of $268.02 million. Kilroy Realty had a return on equity of 0.52% and a net margin of 2.63%. Kilroy Realty’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.08 EPS. As a group, equities analysts forecast that Kilroy Realty will post 3.58 EPS for the current fiscal year.
Kilroy Realty Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date was Wednesday, September 30th. Kilroy Realty’s dividend payout ratio is 900.00%.
Institutional Trading of Kilroy Realty
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC purchased a new stake in Kilroy Realty in the 3rd quarter worth $902,000. Inscription Capital LLC raised its holdings in Kilroy Realty by 39.6% during the third quarter. Inscription Capital LLC now owns 19,717 shares of the real estate investment trust’s stock valued at $656,000 after acquiring an additional 5,598 shares during the period. Chicago Partners Investment Group LLC raised its holdings in Kilroy Realty by 13.2% during the third quarter. Chicago Partners Investment Group LLC now owns 35,430 shares of the real estate investment trust’s stock valued at $1,320,000 after acquiring an additional 4,122 shares during the period. Oregon Public Employees Retirement Fund lifted its position in shares of Kilroy Realty by 9.1% in the third quarter. Oregon Public Employees Retirement Fund now owns 24,087 shares of the real estate investment trust’s stock valued at $801,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Vise Technologies Inc. purchased a new position in shares of Kilroy Realty in the third quarter valued at about $244,000. 94.22% of the stock is owned by hedge funds and other institutional investors.
Kilroy Realty Company Profile
Kilroy Realty Corporation (NYSE: KRC) is a real estate investment trust that owns, develops, acquires and manages office, life science and mixed-use properties. Its portfolio is primarily designed for businesses in technology, life science, entertainment, media and other knowledge-based industries.
The company’s properties are concentrated in major innovation and employment centers on the U.S. West Coast, including the San Francisco Bay Area, Los Angeles, San Diego and Seattle. Kilroy has also developed and operated mixed-use projects that combine office space with retail, residential and public amenities.
Founded in 1947, Kilroy Realty has developed into a prominent owner and operator of commercial real estate in coastal U.S.
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