Shares of Kilroy Realty Co. (NYSE:KRC) have received an average rating of “Hold” from the thirteen analysts that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $65.10.
A number of research firms have recently weighed in on KRC. Mizuho cut Kilroy Realty from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $62.00 to $58.00 in a research report on Monday, January 11th. JPMorgan Chase & Co. lowered shares of Kilroy Realty from an “overweight” rating to a “neutral” rating and set a $65.00 price objective for the company. in a research report on Monday, December 21st. Jefferies Financial Group raised shares of Kilroy Realty from a “hold” rating to a “buy” rating and boosted their target price for the stock from $58.00 to $66.00 in a research report on Wednesday, January 13th. Robert W. Baird upgraded shares of Kilroy Realty from a “neutral” rating to an “outperform” rating and set a $65.00 price objective for the company in a research note on Thursday, January 7th. Finally, Zacks Investment Research lowered shares of Kilroy Realty from a “hold” rating to a “sell” rating in a report on Wednesday.
In related news, insider A. Robert Paratte sold 23,595 shares of the firm’s stock in a transaction on Wednesday, March 10th. The shares were sold at an average price of $68.14, for a total transaction of $1,607,763.30. Following the sale, the insider now owns 21,187 shares in the company, valued at $1,443,682.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, President Tyler H. Rose sold 10,000 shares of Kilroy Realty stock in a transaction on Thursday, March 11th. The shares were sold at an average price of $68.31, for a total transaction of $683,100.00. Following the completion of the transaction, the president now directly owns 153,455 shares of the company’s stock, valued at approximately $10,482,511.05. The disclosure for this sale can be found here. Insiders own 2.22% of the company’s stock.
Shares of NYSE:KRC traded down $0.44 during trading on Thursday, reaching $66.73. The stock had a trading volume of 13,217 shares, compared to its average volume of 1,255,437. The firm’s 50-day simple moving average is $65.40 and its 200 day simple moving average is $58.79. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.75. Kilroy Realty has a one year low of $45.28 and a one year high of $70.54. The company has a market capitalization of $7.77 billion, a P/E ratio of 40.80, a PEG ratio of 2.86 and a beta of 0.91.
Kilroy Realty (NYSE:KRC) last announced its earnings results on Sunday, January 31st. The real estate investment trust reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by ($0.30). Kilroy Realty had a net margin of 20.35% and a return on equity of 3.56%. Equities research analysts forecast that Kilroy Realty will post 3.74 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 14th. Shareholders of record on Wednesday, March 31st will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, March 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.00%. Kilroy Realty’s payout ratio is currently 51.15%.
About Kilroy Realty
Kilroy Realty Corporation (NYSE: KRC, the ÂcompanyÂ, ÂKRCÂ) is a leading West Coast landlord and developer, with a major presence in San Diego, Greater Los Angeles, the San Francisco Bay Area, and the Pacific Northwest. The company has earned global recognition for sustainability, building operations, innovation and design.
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