Zacks Investment Research upgraded shares of Kilroy Realty Corporation (NYSE:KRC) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.
According to Zacks, “Kilroy Realty Corporation owns, operates and develops commercial and industrial properties, primarily in California, Washington, and Arizona. At March 31, 1997, the Company owned 2.0 million square feet of commercial office space and 1.3 million square feet of industrial space. “
Several other analysts also recently weighed in on KRC. Goldman Sachs Group, Inc. (The) began coverage on Kilroy Realty Corporation in a research report on Tuesday, September 19th. They issued a neutral rating and a $70.00 price objective for the company. Stifel Nicolaus reiterated a buy rating and issued a $77.00 price objective on shares of Kilroy Realty Corporation in a research report on Thursday, September 21st. KeyCorp reiterated a hold rating on shares of Kilroy Realty Corporation in a research report on Friday, August 25th. Bank of America Corporation downgraded Kilroy Realty Corporation from a buy rating to a neutral rating and lowered their price objective for the company from $80.00 to $77.00 in a research report on Wednesday, August 16th. Finally, Evercore ISI upgraded Kilroy Realty Corporation from an in-line rating to an outperform rating and set a $78.00 price objective for the company in a research report on Monday, August 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $77.50.
Kilroy Realty Corporation (NYSE KRC) traded up 0.58% on Friday, hitting $70.58. 766,474 shares of the stock were exchanged. The company has a 50-day moving average price of $70.90 and a 200-day moving average price of $71.93. Kilroy Realty Corporation has a 52-week low of $66.98 and a 52-week high of $78.33. The firm has a market cap of $6.94 billion, a PE ratio of 51.29 and a beta of 0.77.
Kilroy Realty Corporation (NYSE:KRC) last issued its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.19). The firm had revenue of $181.50 million during the quarter, compared to analysts’ expectations of $179.03 million. Kilroy Realty Corporation had a return on equity of 4.44% and a net margin of 23.77%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.92 EPS. On average, equities research analysts anticipate that Kilroy Realty Corporation will post $1.26 EPS for the current fiscal year.
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The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 18th. Investors of record on Friday, September 29th were issued a dividend of $0.425 per share. The ex-dividend date was Thursday, September 28th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.41%. Kilroy Realty Corporation’s dividend payout ratio is presently 111.84%.
Institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. raised its holdings in shares of Kilroy Realty Corporation by 27.8% during the second quarter. Advisor Group Inc. now owns 1,961 shares of the real estate investment trust’s stock valued at $147,000 after acquiring an additional 426 shares in the last quarter. Perigon Wealth Management LLC grew its stake in Kilroy Realty Corporation by 54.5% in the second quarter. Perigon Wealth Management LLC now owns 2,125 shares of the real estate investment trust’s stock worth $161,000 after purchasing an additional 750 shares during the period. KCG Holdings Inc. purchased a new stake in Kilroy Realty Corporation in the first quarter worth $218,000. Quantbot Technologies LP grew its stake in Kilroy Realty Corporation by 53.8% in the second quarter. Quantbot Technologies LP now owns 3,205 shares of the real estate investment trust’s stock worth $240,000 after purchasing an additional 1,121 shares during the period. Finally, TLP Group LLC purchased a new stake in Kilroy Realty Corporation in the second quarter worth $254,000. Institutional investors own 99.78% of the company’s stock.
Kilroy Realty Corporation 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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