Kilroy Realty (NYSE:KRC) Cut to “Equal Weight” at Wells Fargo & Company

Wells Fargo & Company lowered shares of Kilroy Realty (NYSE:KRC) from an overweight rating to an equal weight rating in a research note published on Monday, MarketBeat.com reports. The firm currently has $35.00 price target on the real estate investment trust’s stock, down from their prior price target of $43.00.

Several other brokerages have also recently issued reports on KRC. Jefferies Financial Group cut Kilroy Realty from a “buy” rating to a “hold” rating and reduced their price objective for the company from $45.00 to $41.00 in a research note on Thursday, January 2nd. Mizuho reiterated a “neutral” rating and issued a $43.00 price objective (down from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. The Goldman Sachs Group reduced their price objective on Kilroy Realty from $48.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Barclays upgraded Kilroy Realty from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $42.00 to $44.00 in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. upgraded Kilroy Realty from a “neutral” rating to an “overweight” rating and raised their price target for the company from $45.00 to $49.00 in a research note on Friday, December 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $40.73.

Kilroy Realty Trading Up 1.4 %

Shares of Kilroy Realty stock opened at $32.92 on Monday. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 18.60 and a beta of 1.02. Kilroy Realty has a fifty-two week low of $30.71 and a fifty-two week high of $43.78. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21. The stock has a 50 day moving average of $36.37 and a 200 day moving average of $38.41.

Kilroy Realty (NYSE:KRC) last released 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%. As a group, research analysts predict that Kilroy Realty will post 4 earnings per share for the current year.

Kilroy Realty Dividend Announcement

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

Insider Activity

In related news, CEO Angela M. Aman purchased 2,797 shares of Kilroy Realty stock in a transaction dated Friday, February 28th. The stock was bought at an average cost of $35.45 per share, for a total transaction of $99,153.65. Following the transaction, the chief executive officer now owns 2,797 shares in the company, valued at approximately $99,153.65. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.49% of the company’s stock.

Institutional Investors Weigh In On Kilroy Realty

A number of hedge funds and other institutional investors have recently modified their holdings of KRC. Van ECK Associates Corp raised its position in shares of Kilroy Realty by 11.7% during the 3rd quarter. Van ECK Associates Corp now owns 23,178 shares of the real estate investment trust’s stock worth $961,000 after purchasing an additional 2,428 shares during the last quarter. QRG Capital Management Inc. raised its position in shares of Kilroy Realty by 16.8% during the 3rd quarter. QRG Capital Management Inc. now owns 8,617 shares of the real estate investment trust’s stock worth $333,000 after purchasing an additional 1,239 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in shares of Kilroy Realty during the 3rd quarter worth approximately $476,000. Assetmark Inc. raised its position in shares of Kilroy Realty by 1.0% during the 3rd quarter. Assetmark Inc. now owns 26,792 shares of the real estate investment trust’s stock worth $1,037,000 after purchasing an additional 274 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in shares of Kilroy Realty by 113.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,912 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 1,549 shares during the last quarter. 94.22% of the stock is currently owned by institutional investors and hedge funds.

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.