Kilroy Realty (NYSE:KRC) Hits New 52-Week High at $80.59

Shares of Kilroy Realty Corp (NYSE:KRC) hit a new 52-week high during trading on Wednesday . The company traded as high as $80.59 and last traded at $80.13, with a volume of 12980 shares traded. The stock had previously closed at $80.06.

KRC has been the topic of a number of analyst reports. BMO Capital Markets set a $81.00 target price on shares of Kilroy Realty and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Zacks Investment Research raised shares of Kilroy Realty from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a research note on Wednesday. Deutsche Bank lifted their target price on shares of Kilroy Realty from $80.00 to $82.00 and gave the stock a “hold” rating in a research note on Wednesday, April 10th. Finally, ValuEngine raised shares of Kilroy Realty from a “hold” rating to a “buy” rating in a research note on Tuesday, July 23rd. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Kilroy Realty presently has a consensus rating of “Buy” and an average price target of $81.86.

The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.76. The stock has a 50 day moving average price of $76.74. The stock has a market capitalization of $8.08 billion, a P/E ratio of 22.83, a PEG ratio of 2.96 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 analysts’ consensus estimates of $0.92 by ($0.56). Kilroy Realty had a return on equity of 6.58% and a net margin of 35.13%. The firm had revenue of $201.20 million for the quarter, compared to analysts’ expectations of $190.73 million. During the same period last year, the firm earned $0.94 earnings per share. Kilroy Realty’s revenue for the quarter was up 10.1% on a year-over-year basis. Equities research analysts anticipate that Kilroy Realty Corp will post 3.73 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 17th. Shareholders of record on Friday, June 28th were given a dividend of $0.485 per share. The ex-dividend date of this dividend was Thursday, June 27th. This is a boost from Kilroy Realty’s previous quarterly dividend of $0.46. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.44%. Kilroy Realty’s dividend payout ratio (DPR) is currently 55.75%.

In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 1,500 shares of Kilroy Realty stock in a transaction dated Wednesday, June 19th. The shares were sold at an average price of $78.00, for a total transaction of $117,000.00. Following the completion of the sale, the chief accounting officer now directly owns 8,120 shares in the company, valued at $633,360. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jolie A. Hunt sold 4,434 shares of Kilroy Realty stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $75.02, for a total transaction of $332,638.68. Following the sale, the director now owns 4,099 shares of the company’s stock, valued at $307,506.98. The disclosure for this sale can be found here. 2.26% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its stake in Kilroy Realty by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,549,423 shares of the real estate investment trust’s stock worth $97,425,000 after buying an additional 37,787 shares during the period. Legal & General Group Plc raised its stake in Kilroy Realty by 0.4% during the 4th quarter. Legal & General Group Plc now owns 408,444 shares of the real estate investment trust’s stock worth $25,683,000 after buying an additional 1,620 shares during the period. Millennium Management LLC acquired a new position in Kilroy Realty during the 4th quarter worth approximately $9,076,000. Geode Capital Management LLC raised its stake in Kilroy Realty by 8.5% during the 4th quarter. Geode Capital Management LLC now owns 1,268,134 shares of the real estate investment trust’s stock worth $79,740,000 after buying an additional 99,860 shares during the period. Finally, Deutsche Bank AG raised its stake in Kilroy Realty by 765.3% during the 4th quarter. Deutsche Bank AG now owns 2,466,077 shares of the real estate investment trust’s stock worth $155,064,000 after buying an additional 2,181,073 shares during the period. Institutional investors and hedge funds own 96.67% of the company’s stock.

Kilroy Realty Company Profile (NYSE:KRC)

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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