Kilroy Realty Corp (NYSE:KRC)’s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $75.89 and traded as high as $73.47. Kilroy Realty shares last traded at $73.14, with a volume of 9,208 shares trading hands.
Several equities research analysts recently commented on KRC shares. Deutsche Bank raised their target price on Kilroy Realty from $80.00 to $82.00 and gave the company a “hold” rating in a report on Wednesday, April 10th. Robert W. Baird upgraded Kilroy Realty from a “neutral” rating to an “outperform” rating and raised their target price for the company from $82.00 to $86.00 in a report on Friday, March 1st. Goldman Sachs Group upgraded Kilroy Realty from a “neutral” rating to a “buy” rating and raised their target price for the company from $80.00 to $81.00 in a report on Monday, March 11th. Finally, ValuEngine downgraded Kilroy Realty from a “buy” rating to a “hold” rating in a report on Wednesday, March 20th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $80.60.
The company has a market cap of $7.38 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 2.71 and a beta of 0.81. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.72. The firm’s fifty day moving average price is $75.78.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 17th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend is Thursday, June 27th. This is a positive change from Kilroy Realty’s previous quarterly dividend of $0.46. Kilroy Realty’s dividend payout ratio (DPR) is 52.30%.
In other Kilroy Realty news, Director Jolie A. Hunt sold 4,434 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $75.02, for a total transaction of $332,638.68. Following the completion of the sale, the director now owns 4,099 shares in the company, valued at approximately $307,506.98. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Merryl Elizabeth Werber sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 19th. The shares were sold at an average price of $78.00, for a total value of $117,000.00. Following the sale, the chief accounting officer now owns 8,120 shares of the company’s stock, valued at approximately $633,360. The disclosure for this sale can be found here. 2.26% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Westpac Banking Corp grew its position in shares of Kilroy Realty by 4.2% in the 1st quarter. Westpac Banking Corp now owns 108,113 shares of the real estate investment trust’s stock worth $8,212,000 after acquiring an additional 4,370 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Kilroy Realty in the 4th quarter worth approximately $571,000. New York State Common Retirement Fund grew its position in shares of Kilroy Realty by 1.9% in the 1st quarter. New York State Common Retirement Fund now owns 190,700 shares of the real estate investment trust’s stock worth $14,486,000 after acquiring an additional 3,600 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of Kilroy Realty by 6.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 140,000 shares of the real estate investment trust’s stock worth $8,803,000 after acquiring an additional 8,000 shares in the last quarter. Finally, Crestline Management LP grew its position in shares of Kilroy Realty by 217.5% in the 4th quarter. Crestline Management LP now owns 193,739 shares of the real estate investment trust’s stock worth $12,182,000 after acquiring an additional 132,718 shares in the last quarter. Hedge funds and other institutional investors own 96.67% of the company’s stock.
Kilroy Realty Company Profile (NYSE:KRC)
Kilroy Realty Corporation (KRC), 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 has over 70 years of experience developing, acquiring and managing office and mixed-use real estate assets. 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.
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