Royal Bank of Canada restated their hold rating on shares of Kilroy Realty (NYSE:KRC) in a research report released on Friday morning. The brokerage currently has a $75.00 target price on the real estate investment trust’s stock.
KRC has been the subject of a number of other reports. Robert W. Baird downgraded Kilroy Realty from an outperform rating to a neutral rating in a research note on Monday, January 8th. BMO Capital Markets reaffirmed a buy rating and set a $79.00 price target on shares of Kilroy Realty in a research note on Tuesday, January 9th. JPMorgan Chase & Co. downgraded Kilroy Realty from an overweight rating to a neutral rating and set a $79.00 price target for the company. in a research note on Friday, December 15th. Finally, Zacks Investment Research downgraded Kilroy Realty from a hold rating to a sell rating in a research note on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Kilroy Realty presently has a consensus rating of Hold and an average target price of $76.22.
Shares of Kilroy Realty (NYSE KRC) opened at $68.43 on Friday. The stock has a market capitalization of $6,730.00, a PE ratio of 45.32, a P/E/G ratio of 2.69 and a beta of 0.69. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.32 and a quick ratio of 1.32. Kilroy Realty has a one year low of $62.91 and a one year high of $78.33.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Thursday, March 29th will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Wednesday, March 28th. Kilroy Realty’s dividend payout ratio (DPR) is presently 112.58%.
Several hedge funds and other institutional investors have recently modified their holdings of KRC. Advisor Group Inc. increased its holdings in shares of Kilroy Realty by 27.8% during the 2nd 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 during the last quarter. Perigon Wealth Management LLC increased its holdings in shares of Kilroy Realty by 54.5% during the 2nd quarter. Perigon Wealth Management LLC now owns 2,125 shares of the real estate investment trust’s stock valued at $161,000 after acquiring an additional 750 shares during the last quarter. Timber Hill LLC acquired a new position in shares of Kilroy Realty during the 3rd quarter valued at about $215,000. MANA Advisors LLC acquired a new position in shares of Kilroy Realty during the 4th quarter valued at about $219,000. Finally, Vident Investment Advisory LLC acquired a new position in shares of Kilroy Realty during the 3rd quarter valued at about $235,000. 96.40% of the stock is currently owned by institutional investors and hedge funds.
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About Kilroy Realty
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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