Kilroy Realty (NYSE:KRC) Price Target Lowered to $41.00 at Evercore ISI

Kilroy Realty (NYSE:KRC) had its price target reduced by Evercore ISI from $43.00 to $41.00 in a research report released on Wednesday,Benzinga reports. They currently have an in-line rating on the real estate investment trust’s stock.

A number of other analysts have also commented on KRC. Jefferies Financial Group lowered shares of Kilroy Realty from a “buy” rating to a “hold” rating and decreased their price target for the company from $45.00 to $41.00 in a research note on Thursday, January 2nd. Mizuho reaffirmed a “neutral” rating and set a $43.00 price objective (down from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. Barclays cut their price objective on shares of Kilroy Realty from $43.00 to $42.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. raised shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $45.00 to $49.00 in a report on Friday, December 20th. Finally, Scotiabank downgraded shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price objective on the stock. in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Kilroy Realty currently has an average rating of “Hold” and a consensus price target of $41.20.

Kilroy Realty Stock Performance

Shares of KRC stock opened at $34.94 on Wednesday. The firm has a market capitalization of $4.13 billion, a PE ratio of 20.92 and a beta of 1.02. The firm has a fifty day simple moving average of $39.00 and a two-hundred day simple moving average of $38.42. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.89. Kilroy Realty has a 12 month low of $30.71 and a 12 month high of $43.78.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.17. Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. Analysts forecast that Kilroy Realty will post 4.41 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 6.18%. The ex-dividend date of this dividend was Tuesday, December 31st. Kilroy Realty’s dividend payout ratio is presently 129.34%.

Insider Activity

In related news, insider Heidi Rena Roth sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.28, for a total value of $507,360.00. Following the transaction, the insider now directly owns 50,211 shares in the company, valued at approximately $2,122,921.08. This represents a 19.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.49% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KRC. Wilmington Savings Fund Society FSB bought a new position in shares of Kilroy Realty in the third quarter worth approximately $34,000. Summit Securities Group LLC purchased a new stake in Kilroy Realty in the fourth quarter worth approximately $49,000. GAMMA Investing LLC boosted its stake in Kilroy Realty by 33.6% in the third quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 371 shares in the last quarter. Fifth Third Bancorp boosted its stake in Kilroy Realty by 31.7% in the fourth quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 607 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in Kilroy Realty by 14.8% in the fourth quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 336 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors.

About Kilroy Realty

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.