Kilroy Realty Corp (NYSE:KRC) Given Consensus Recommendation of “Hold” by Analysts

Shares of Kilroy Realty Corp (NYSE:KRC) have been assigned an average recommendation of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $80.60.

KRC has been the topic of several recent research reports. ValuEngine downgraded Zions Bancorporation NA from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Deutsche Bank cut their price target on Vornado Realty Trust from $80.00 to $73.00 and set a “hold” rating on the stock in a research note on Wednesday, April 10th.

In related news, CAO Merryl Elizabeth Werber sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 19th. The stock was sold at an average price of $78.00, for a total value of $117,000.00. Following the sale, the chief accounting officer now owns 8,120 shares in the company, valued at approximately $633,360. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jolie A. Hunt sold 4,434 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $75.02, for a total value of $332,638.68. Following the completion of 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. Corporate insiders own 2.26% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of KRC. Hanson & Doremus Investment Management purchased a new stake in Kilroy Realty during the 1st quarter valued at $52,000. Piedmont Investment Advisors Inc. purchased a new stake in Kilroy Realty during the 1st quarter valued at $207,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Kilroy Realty during the 1st quarter valued at $219,000. Cigna Investments Inc. New purchased a new stake in Kilroy Realty during the 1st quarter valued at $221,000. Finally, Brinker Capital Inc. purchased a new stake in Kilroy Realty during the 1st quarter valued at $270,000. Institutional investors and hedge funds own 96.67% of the company’s stock.

Shares of NYSE:KRC traded down $0.08 during trading on Tuesday, hitting $76.50. The stock had a trading volume of 413,640 shares, compared to its average volume of 515,576. Kilroy Realty has a 12 month low of $59.05 and a 12 month high of $78.98. The company has a market cap of $7.77 billion, a P/E ratio of 21.98, a PEG ratio of 2.85 and a beta of 0.77. The company has a fifty day moving average of $75.65. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.98 and a quick ratio of 0.98.

Kilroy Realty (NYSE:KRC) last announced its earnings results on Monday, May 6th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.56). Kilroy Realty had a return on equity of 6.27% and a net margin of 33.84%. The firm had revenue of $201.20 million during the quarter, compared to the consensus estimate of $190.73 million. During the same period in the prior year, the company posted $0.94 EPS. The firm’s revenue was up 10.1% on a year-over-year basis. As a group, equities analysts expect that Kilroy Realty will post 3.73 earnings per share 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 paid a $0.485 dividend. The ex-dividend date is Thursday, June 27th. This represents a $1.94 annualized dividend and a dividend yield of 2.54%. This is an increase from Kilroy Realty’s previous quarterly dividend of $0.46. Kilroy Realty’s dividend payout ratio is presently 55.75%.

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.

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Analyst Recommendations for Kilroy Realty (NYSE:KRC)

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