Kilroy Realty Corporation (NYSE:KRC) Stock Has Consensus Target Price of $38.62

Kilroy Realty Corporation (NYSE:KRC) has earned an average rating of “Hold” from the fifteen analysts that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $38.62.

Several equities research analysts have issued reports on KRC shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Kilroy Realty in a research report on Monday, September 28th. Evercore set a $44.00 price objective on shares of Kilroy Realty in a research report on Monday, September 21st. Wall Street Zen downgraded shares of Kilroy Realty from a “hold” rating to a “sell” rating in a report on Saturday, September 12th. JPMorgan Chase & Co. cut their target price on shares of Kilroy Realty from $40.00 to $39.00 and set a “neutral” rating for the company in a research report on Tuesday, July 21st. Finally, Wells Fargo & Company upped their price objective on Kilroy Realty from $33.00 to $38.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 1st.

Kilroy Realty Price Performance

Shares of KRC traded up $0.25 during midday trading on Friday, hitting $34.88. 1,202,661 shares of the company traded hands, compared to its average volume of 1,511,549. Kilroy Realty has a one year low of $27.36 and a one year high of $43.58. The firm has a market cap of $4.06 billion, a P/E ratio of 24.56 and a beta of 1.16. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.65 and a quick ratio of 2.65. The stock has a 50-day moving average of $35.31 and a 200-day moving average of $35.35.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.73). The business had revenue of $272.37 million during the quarter, compared to analysts’ expectations of $267.39 million. Kilroy Realty had a return on equity of 3.04% and a net margin of 15.47%. The company’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the business posted $1.13 EPS. Kilroy Realty has set its FY 2026 guidance at 3.490-3.630 EPS. As a group, sell-side analysts predict that Kilroy Realty will post 3.59 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th were issued a $0.54 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $2.16 annualized dividend and a dividend yield of 6.2%. Kilroy Realty’s payout ratio is currently 152.11%.

Institutional Trading of Kilroy Realty

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in shares of Kilroy Realty in the second quarter worth $581,003,000. Route One Investment Company L.P. purchased a new stake in Kilroy Realty during the 2nd quarter valued at $159,181,000. Rush Island Management LP grew its holdings in Kilroy Realty by 84.5% in the 1st quarter. Rush Island Management LP now owns 4,860,742 shares of the real estate investment trust’s stock worth $137,122,000 after acquiring an additional 2,226,821 shares during the last quarter. Bank of America Corp DE bought a new stake in Kilroy Realty in the 2nd quarter worth $43,173,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Kilroy Realty in the second quarter valued at about $34,910,000. Hedge funds and other institutional investors own 94.22% of the company’s stock.

About Kilroy Realty

Kilroy Realty Corporation (NYSE: KRC) is a real estate investment trust that develops, owns, and operates office, life science, and mixed-use properties. The company focuses on high-quality, amenity-rich workplaces and research facilities designed to serve businesses in technology, life sciences, entertainment, and other knowledge-based industries.

Kilroy’s portfolio is concentrated in major innovation and employment centers on the U.S. West Coast, including the San Francisco Bay Area, Greater Los Angeles, and San Diego.