Kilroy Realty’s (KRC) Sector Perform Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reissued their sector perform rating on shares of Kilroy Realty (NYSE:KRC) in a report released on Monday,Benzinga reports. The firm currently has a $44.00 price objective on the real estate investment trust’s stock.

KRC has been the subject of a number of other reports. Barclays reduced their price objective on shares of Kilroy Realty from $43.00 to $42.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Evercore ISI boosted their price objective on Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Scotiabank cut 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. Mizuho reaffirmed a “neutral” rating and set a $43.00 target price (down previously from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. raised shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $45.00 to $49.00 in a report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $41.20.

Kilroy Realty Stock Performance

Shares of KRC opened at $35.03 on Monday. Kilroy Realty has a 1 year low of $30.71 and a 1 year high of $43.78. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 3.08. The stock’s fifty day moving average price is $39.21 and its two-hundred day moving average price is $38.46. The firm has a market cap of $4.14 billion, a PE ratio of 20.98 and a beta of 1.02.

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 return on equity of 3.53% and a net margin of 17.78%. On average, equities research analysts forecast that Kilroy Realty will post 4.41 EPS for the current 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 issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.17%. The ex-dividend date was Tuesday, December 31st. Kilroy Realty’s payout ratio is 129.34%.

Insider Activity

In other Kilroy Realty news, insider Heidi Rena Roth sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total transaction of $507,360.00. Following the sale, the insider now owns 50,211 shares in the company, valued at $2,122,921.08. This trade represents a 19.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.49% of the company’s stock.

Hedge Funds Weigh In On Kilroy Realty

Institutional investors have recently modified their holdings of the company. Norges Bank purchased a new stake in Kilroy Realty in the fourth quarter worth approximately $366,356,000. Principal Financial Group Inc. lifted its holdings in shares of Kilroy Realty by 4.7% in the 4th quarter. Principal Financial Group Inc. now owns 4,862,310 shares of the real estate investment trust’s stock worth $196,680,000 after acquiring an additional 218,163 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Kilroy Realty by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,200,616 shares of the real estate investment trust’s stock valued at $89,015,000 after purchasing an additional 28,899 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Kilroy Realty by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,066,597 shares of the real estate investment trust’s stock valued at $83,616,000 after purchasing an additional 14,196 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in Kilroy Realty by 12.9% in the 4th quarter. Prudential Financial Inc. now owns 1,645,915 shares of the real estate investment trust’s stock worth $63,862,000 after purchasing an additional 187,712 shares during the period. 94.22% of the stock is currently owned by institutional investors.

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.