Kilroy Realty (NYSE:KRC) Coverage Initiated at Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of Kilroy Realty (NYSE:KRC) in a research report released on Monday morning, Marketbeat.com reports. The firm issued a hold rating and a $34.00 price objective on the real estate investment trust’s stock.

Several other research analysts also recently issued reports on the stock. Wells Fargo & Company downgraded shares of Kilroy Realty from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $43.00 to $35.00 in a report on Monday, March 10th. Evercore ISI lowered their price target on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a report on Wednesday, February 12th. Barclays upgraded shares of Kilroy Realty from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $42.00 to $44.00 in a report on Thursday, February 27th. The Goldman Sachs Group lowered their price target on shares of Kilroy Realty from $48.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $45.00 to $49.00 in a report on Friday, December 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $40.09.

Kilroy Realty Stock Up 1.3 %

Shares of KRC opened at $34.62 on Monday. Kilroy Realty has a one year low of $30.71 and a one year high of $43.78. The company has a market cap of $4.09 billion, a P/E ratio of 19.56 and a beta of 1.02. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.21 and a quick ratio of 2.21. The firm has a 50 day simple moving average of $35.83 and a two-hundred day simple moving average of $38.31.

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

Kilroy Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be paid a $0.54 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.16 annualized dividend and a dividend yield of 6.24%. Kilroy Realty’s dividend payout ratio is 122.03%.

Insider Buying and Selling

In other news, CEO Angela M. Aman purchased 2,797 shares of the business’s stock in a transaction on Friday, February 28th. The shares were acquired at an average price of $35.45 per share, with a total value of $99,153.65. Following the completion of the transaction, the chief executive officer now owns 2,797 shares of the company’s stock, valued at $99,153.65. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.49% of the stock is currently owned by insiders.

Institutional Trading of Kilroy Realty

Institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Kilroy Realty during the fourth quarter valued at about $366,356,000. Principal Financial Group Inc. raised its holdings in shares of Kilroy Realty by 4.7% during the fourth quarter. Principal Financial Group Inc. now owns 4,862,310 shares of the real estate investment trust’s stock valued at $196,680,000 after purchasing an additional 218,163 shares during the period. Resolution Capital Ltd raised its holdings in shares of Kilroy Realty by 12.6% during the fourth quarter. Resolution Capital Ltd now owns 4,487,655 shares of the real estate investment trust’s stock valued at $181,526,000 after purchasing an additional 500,635 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Kilroy Realty by 6.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,265,387 shares of the real estate investment trust’s stock valued at $132,087,000 after purchasing an additional 193,291 shares during the period. Finally, T. Rowe Price Investment Management Inc. raised its holdings in shares of Kilroy Realty by 29.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,003,920 shares of the real estate investment trust’s stock valued at $121,509,000 after purchasing an additional 680,870 shares during the period. Institutional investors own 94.22% of the company’s stock.

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.