Zacks Investment Research upgraded shares of Kilroy Realty (NYSE:KRC) from a sell rating to a hold rating in a report released on Wednesday morning.
According to Zacks, “Kilroy Realty Corporation, 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 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. “
Several other brokerages have also recently weighed in on KRC. JPMorgan Chase & Co. cut shares of Kilroy Realty from an overweight rating to a neutral rating and set a $79.00 price objective for the company. in a research note on Friday, December 15th. Robert W. Baird cut shares of Kilroy Realty from an outperform rating to a neutral rating in a research report on Monday, January 8th. BMO Capital Markets restated a buy rating and issued a $79.00 target price on shares of Kilroy Realty in a research report on Tuesday, January 9th. Citigroup upgraded shares of Kilroy Realty from a neutral rating to a buy rating and set a $77.00 target price for the company in a research report on Tuesday, February 27th. They noted that the move was a valuation call. Finally, Royal Bank of Canada restated a hold rating and issued a $75.00 target price on shares of Kilroy Realty in a research report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $76.30.
Shares of KRC stock opened at $68.54 on Wednesday. Kilroy Realty has a 12 month low of $62.91 and a 12 month high of $77.70. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.59. The firm has a market cap of $6,917.40, a PE ratio of 45.39, a price-to-earnings-growth ratio of 2.80 and a beta of 0.71.
Kilroy Realty (NYSE:KRC) last issued its quarterly earnings data on Wednesday, January 31st. The real estate investment trust reported $0.85 earnings per share for the quarter, hitting the consensus estimate of $0.85. Kilroy Realty had a net margin of 22.90% and a return on equity of 4.22%. The business had revenue of $177.56 million during the quarter, compared to analysts’ expectations of $176.64 million. During the same quarter in the previous year, the company earned $0.87 EPS. The business’s revenue was up 5.3% on a year-over-year basis. equities analysts expect that Kilroy Realty will post 3.55 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Thursday, March 29th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Wednesday, March 28th. Kilroy Realty’s payout ratio is presently 112.58%.
Several large investors have recently modified their holdings of the company. MANA Advisors LLC bought a new stake in shares of Kilroy Realty during the 4th quarter valued at approximately $219,000. Vident Investment Advisory LLC bought a new stake in shares of Kilroy Realty during the 3rd quarter valued at approximately $235,000. Kemper Corp Master Retirement Trust grew its holdings in shares of Kilroy Realty by 66.7% during the 3rd quarter. Kemper Corp Master Retirement Trust now owns 4,000 shares of the real estate investment trust’s stock valued at $284,000 after purchasing an additional 1,600 shares during the last quarter. Lourd Capital LLC bought a new stake in shares of Kilroy Realty during the 4th quarter valued at approximately $290,000. Finally, Ellington Management Group LLC bought a new stake in shares of Kilroy Realty during the 4th quarter valued at approximately $426,000. Institutional investors own 97.80% of the company’s stock.
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Kilroy Realty Company Profile
Kilroy Realty Corporation is a real estate investment trust (REIT). The Company operates through the office properties segment. It operates in office and mixed-use submarkets along the West Coast. It owns, develops, acquires and manages real estate assets, consisting primarily of Class A properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and Greater Seattle.
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