Royal Bank of Canada Issues Pessimistic Forecast for Kilroy Realty (NYSE:KRC) Stock Price

Kilroy Realty (NYSE:KRC) had its target price trimmed by Royal Bank of Canada from $44.00 to $39.00 in a report released on Monday morning,Benzinga reports. The firm currently has a sector perform rating on the real estate investment trust’s stock.

KRC has been the topic of a number of other research reports. The Goldman Sachs Group cut their price target on shares of Kilroy Realty from $48.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Evercore ISI dropped their price objective on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating on the stock in a report on Wednesday, February 12th. Scotiabank downgraded shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 target price for the company. in a research report on Thursday, November 14th. Jefferies Financial Group lowered shares of Kilroy Realty from a “buy” rating to a “hold” rating and lowered their price target for the company from $45.00 to $41.00 in a report on Thursday, January 2nd. Finally, Barclays upgraded Kilroy Realty from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $42.00 to $44.00 in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Kilroy Realty has an average rating of “Hold” and an average target price of $40.73.

Kilroy Realty Price Performance

Shares of KRC opened at $32.92 on Monday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.21 and a quick ratio of 2.21. The company’s fifty day moving average price is $36.37 and its 200-day moving average price is $38.41. Kilroy Realty has a 1-year low of $30.71 and a 1-year high of $43.78. The firm has a market capitalization of $3.89 billion, a PE ratio of 18.60 and a beta of 1.02.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. On average, equities research analysts predict that Kilroy Realty will post 4 EPS for the current year.

Kilroy Realty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be issued a $0.54 dividend. The ex-dividend date is Monday, March 31st. This represents a $2.16 dividend on an annualized basis and a yield of 6.56%. Kilroy Realty’s payout ratio is 122.03%.

Insider Buying and Selling at Kilroy Realty

In related news, CEO Angela M. Aman purchased 2,797 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average price of $35.45 per share, with a total value of $99,153.65. Following the acquisition, the chief executive officer now owns 2,797 shares in the company, valued at $99,153.65. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.49% of the stock is owned by corporate insiders.

Institutional Trading of Kilroy Realty

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB purchased a new position in Kilroy Realty in the 3rd quarter valued at about $34,000. Summit Securities Group LLC purchased a new position in shares of Kilroy Realty in the fourth quarter valued at approximately $49,000. GAMMA Investing LLC boosted its stake in shares of Kilroy Realty by 25.4% in the fourth quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust’s stock worth $75,000 after acquiring an additional 374 shares during the last quarter. GF Fund Management CO. LTD. acquired a new stake in shares of Kilroy Realty in the fourth quarter worth approximately $82,000. Finally, Fifth Third Bancorp raised its stake in Kilroy Realty by 31.7% in the 4th quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust’s stock valued at $102,000 after purchasing an additional 607 shares during the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Kilroy Realty Company Profile

Kilroy Realty Corporation (NYSE: KRC, the company, Kilroy) is a leading U.S. landlord and developer, with operations in San Diego, Greater Los Angeles, the San Francisco Bay Area, Greater Seattle and Austin. The company has earned global recognition for sustainability, building operations, innovation and design.