Zacks Investment Research upgraded shares of Kilroy Realty (NYSE:KRC) from a hold rating to a buy rating in a report released on Tuesday morning, Zacks.com reports. Zacks Investment Research currently has $80.00 price objective on the real estate investment trust’s stock.
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. “
KRC has been the topic of several other reports. Deutsche Bank Aktiengesellschaft upgraded Kilroy Realty from a sell rating to a hold rating and set a $73.00 target price on the stock in a research report on Tuesday, October 12th. KeyCorp reduced their target price on Kilroy Realty from $91.00 to $85.00 and set an overweight rating on the stock in a research report on Thursday, October 14th. Evercore ISI reiterated a buy rating and set a $75.00 target price on shares of Kilroy Realty in a research report on Wednesday, September 22nd. Finally, Royal Bank of Canada upgraded Kilroy Realty from a sector perform rating to an outperform rating and increased their target price for the company from $75.00 to $80.00 in a research note on Friday, November 19th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Kilroy Realty presently has an average rating of Buy and a consensus price target of $77.56.
Kilroy Realty (NYSE:KRC) last posted its quarterly earnings data on Tuesday, October 26th. The real estate investment trust reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.08. Kilroy Realty had a return on equity of 11.79% and a net margin of 71.39%. The business had revenue of $232.33 million for the quarter, compared to analyst estimates of $227.76 million. During the same quarter last year, the company earned $0.99 earnings per share. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, equities analysts expect that Kilroy Realty will post 3.78 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 12th. Shareholders of record on Friday, December 31st were paid a dividend of $0.52 per share. The ex-dividend date was Thursday, December 30th. This represents a $2.08 dividend on an annualized basis and a yield of 2.98%. Kilroy Realty’s dividend payout ratio (DPR) is presently 36.94%.
In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 5th. The stock was sold at an average price of $71.00, for a total transaction of $71,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Heidi Rena Roth sold 12,696 shares of the firm’s stock in a transaction that occurred on Friday, November 5th. The shares were sold at an average price of $70.92, for a total value of $900,400.32. The disclosure for this sale can be found here. 1.83% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Advisor Group Holdings Inc. grew its position in shares of Kilroy Realty by 93.5% in the 2nd quarter. Advisor Group Holdings Inc. now owns 1,794 shares of the real estate investment trust’s stock worth $125,000 after acquiring an additional 867 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Kilroy Realty by 47.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 26,345 shares of the real estate investment trust’s stock worth $1,835,000 after acquiring an additional 8,478 shares in the last quarter. US Bancorp DE grew its position in shares of Kilroy Realty by 11.5% in the 2nd quarter. US Bancorp DE now owns 1,574 shares of the real estate investment trust’s stock worth $110,000 after acquiring an additional 162 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new position in shares of Kilroy Realty in the 2nd quarter worth approximately $292,000. Finally, WINTON GROUP Ltd grew its position in shares of Kilroy Realty by 97.8% in the 2nd quarter. WINTON GROUP Ltd now owns 13,958 shares of the real estate investment trust’s stock worth $972,000 after acquiring an additional 6,901 shares in the last quarter. Hedge funds and other institutional investors own 90.35% of the company’s stock.
Kilroy Realty Company Profile
Kilroy Realty Corp. engages in the development, acquisition, and management of office and mixed-use real estate assets. 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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