Kilroy Realty (KRC) Hits New 12-Month Low at $64.54

Kilroy Realty Corp (NYSE:KRC) reached a new 52-week low during trading on Thursday . The company traded as low as $64.54 and last traded at $64.45, with a volume of 404592 shares trading hands. The stock had previously closed at $65.97.

A number of research firms have commented on KRC. 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. Zacks Investment Research upgraded Kilroy Realty from a “sell” rating to a “hold” rating in a research report on Saturday, October 28th. Robert W. Baird set a $75.00 target price on Kilroy Realty and gave the company a “hold” rating in a research report on Monday, February 5th. Finally, JPMorgan Chase & Co. downgraded Kilroy Realty from an “overweight” rating to a “neutral” rating and set a $79.00 target price on the stock. in a research report on Friday, December 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $76.63.

The company has a current ratio of 1.41, a quick ratio of 1.85 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $6,610.00, a PE ratio of 43.06, a P/E/G ratio of 2.48 and a beta of 0.69.

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, meeting the Zacks’ consensus estimate of $0.85. Kilroy Realty had a return on equity of 4.22% and a net margin of 22.90%. The business had revenue of $177.56 million during the quarter, compared to analysts’ expectations of $176.64 million. During the same period in the previous year, the firm posted $0.87 earnings per share. The company’s revenue was up 5.3% on a year-over-year basis. research analysts expect that Kilroy Realty Corp will post 3.56 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were paid a $0.425 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.60%. Kilroy Realty’s payout ratio is presently 111.84%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Ontario Teachers Pension Plan Board acquired a new stake in shares of Kilroy Realty in the fourth quarter valued at $546,000. American International Group Inc. grew its stake in shares of Kilroy Realty by 1.1% in the fourth quarter. American International Group Inc. now owns 203,521 shares of the real estate investment trust’s stock valued at $15,193,000 after buying an additional 2,287 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of Kilroy Realty by 13.0% in the fourth quarter. Schroder Investment Management Group now owns 15,810 shares of the real estate investment trust’s stock valued at $1,180,000 after buying an additional 1,818 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Kilroy Realty by 27.1% in the fourth quarter. Arizona State Retirement System now owns 70,813 shares of the real estate investment trust’s stock valued at $5,286,000 after buying an additional 15,098 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Kilroy Realty by 12.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 165,062 shares of the real estate investment trust’s stock valued at $12,322,000 after buying an additional 18,244 shares in the last quarter. 97.74% of the stock is owned by institutional investors and hedge funds.

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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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