Kilroy Realty (NYSE:KRC) Upgraded to “Overweight” at Barclays

Barclays upgraded shares of Kilroy Realty (NYSE:KRC) from an equal weight rating to an overweight rating in a research note published on Thursday morning, MarketBeat Ratings reports. The firm currently has $44.00 price target on the real estate investment trust’s stock, up from their previous price target of $42.00.

A number of other equities analysts have also recently issued reports on KRC. The Goldman Sachs Group dropped their price objective on shares of Kilroy Realty from $48.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Evercore ISI lowered their target price on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating on the stock in a report on Wednesday, February 12th. Scotiabank lowered shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 target price on the stock. in a report on Thursday, November 14th. JPMorgan Chase & Co. raised shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $45.00 to $49.00 in a report on Friday, December 20th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $44.00 target price on shares of Kilroy Realty in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $41.45.

Kilroy Realty Trading Up 2.8 %

Shares of KRC stock opened at $35.52 on Thursday. Kilroy Realty has a 52-week low of $30.71 and a 52-week high of $43.78. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of 20.07 and a beta of 1.02. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21. The firm has a fifty day moving average of $37.68 and a 200-day moving average of $38.39.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.17. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. On average, equities research analysts forecast that Kilroy Realty will post 4 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 6.08%. The ex-dividend date is Monday, March 31st. Kilroy Realty’s dividend payout ratio is currently 122.03%.

Institutional Investors Weigh In On Kilroy Realty

A number of hedge funds have recently added to or reduced their stakes in the stock. Assetmark Inc. grew its holdings in Kilroy Realty by 1.0% during the 3rd quarter. Assetmark Inc. now owns 26,792 shares of the real estate investment trust’s stock worth $1,037,000 after acquiring an additional 274 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Kilroy Realty by 0.4% during the 4th quarter. State of Alaska Department of Revenue now owns 68,456 shares of the real estate investment trust’s stock valued at $2,768,000 after purchasing an additional 276 shares during the period. Choreo LLC lifted its position in Kilroy Realty by 3.2% during the 4th quarter. Choreo LLC now owns 8,852 shares of the real estate investment trust’s stock valued at $358,000 after purchasing an additional 278 shares during the period. M&T Bank Corp lifted its position in Kilroy Realty by 1.3% during the 4th quarter. M&T Bank Corp now owns 22,889 shares of the real estate investment trust’s stock valued at $926,000 after purchasing an additional 293 shares during the period. Finally, US Bancorp DE lifted its position in Kilroy Realty by 3.4% during the 4th quarter. US Bancorp DE now owns 9,680 shares of the real estate investment trust’s stock valued at $392,000 after purchasing an additional 317 shares during the period. Institutional investors own 94.22% of the company’s stock.

Kilroy Realty Company Profile

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.