Wells Fargo & Co upgraded shares of Kilroy Realty (NYSE:KRC) from a market perform rating to an outperform rating in a research note published on Tuesday, December 10th, Benzinga reports. Wells Fargo & Co currently has $95.00 target price on the real estate investment trust’s stock.
Other equities research analysts have also recently issued research reports about the stock. Stifel Nicolaus set a $89.00 price objective on shares of Kilroy Realty and gave the stock a buy rating in a research note on Friday, October 25th. Zacks Investment Research raised shares of Kilroy Realty from a hold rating to a buy rating and set a $87.00 price objective on the stock in a research note on Wednesday, October 16th. Deutsche Bank dropped their price objective on shares of Kilroy Realty from $89.00 to $86.00 and set a hold rating on the stock in a research note on Thursday, October 10th. BTIG Research set a $89.00 price target on shares of Kilroy Realty and gave the company a buy rating in a research note on Friday, October 18th. Finally, Goldman Sachs Group initiated coverage on shares of Kilroy Realty in a research note on Friday, November 8th. They issued a buy rating and a $94.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $83.00.
Shares of Kilroy Realty stock traded up $0.55 during midday trading on Tuesday, hitting $83.04. The company had a trading volume of 494,590 shares, compared to its average volume of 559,643. Kilroy Realty has a 12-month low of $61.85 and a 12-month high of $85.29. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.73. The stock has a market cap of $8.74 billion, a price-to-earnings ratio of 22.35, a PEG ratio of 2.97 and a beta of 0.74. The company has a fifty day simple moving average of $82.90 and a 200 day simple moving average of $79.34.
Kilroy Realty (NYSE:KRC) last posted its quarterly earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.52). Kilroy Realty had a return on equity of 6.62% and a net margin of 35.04%. The business had revenue of $215.53 million for the quarter, compared to analysts’ expectations of $205.99 million. During the same period in the prior year, the business posted $0.90 earnings per share. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. As a group, analysts expect that Kilroy Realty will post 3.86 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.485 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.94 dividend on an annualized basis and a yield of 2.34%. Kilroy Realty’s payout ratio is currently 55.75%.
In related news, CFO Tyler H. Rose sold 5,000 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $84.41, for a total value of $422,050.00. Following the sale, the chief financial officer now directly owns 121,508 shares in the company, valued at approximately $10,256,490.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO John B. Kilroy, Jr. sold 14,780 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $84.32, for a total transaction of $1,246,249.60. Following the completion of the sale, the chief executive officer now owns 1,071,143 shares in the company, valued at $90,318,777.76. The disclosure for this sale can be found here. Company insiders own 2.26% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Kilroy Realty by 85.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 116,036 shares of the real estate investment trust’s stock worth $8,565,000 after acquiring an additional 53,356 shares during the last quarter. SG Americas Securities LLC raised its holdings in Kilroy Realty by 34.4% in the second quarter. SG Americas Securities LLC now owns 25,818 shares of the real estate investment trust’s stock valued at $1,906,000 after buying an additional 6,613 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its holdings in Kilroy Realty by 99.7% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 5,750 shares of the real estate investment trust’s stock valued at $424,000 after buying an additional 2,870 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Kilroy Realty by 13.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 47,128 shares of the real estate investment trust’s stock valued at $3,479,000 after buying an additional 5,665 shares during the period. Finally, First Trust Advisors LP raised its holdings in Kilroy Realty by 108.4% in the second quarter. First Trust Advisors LP now owns 58,050 shares of the real estate investment trust’s stock valued at $4,285,000 after buying an additional 30,194 shares during the period. 96.68% of the stock is owned by institutional investors.
About Kilroy Realty
Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast’s premier landlords. The company has over 70 years of experience developing, acquiring and managing office and mixed-use real estate assets. The company provides physical work environments that foster creativity and productivity and serves a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies.
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